RCI FY2025 EPS Estimate Lifted by National Bank Financial

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - National Bank Financial lifted their FY2025 EPS estimates for shares of Rogers Communications in a report released on Wednesday, April 23rd. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will earn $3.41 per share for the year, up from their previous forecast of $2.67. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share. National Bank Financial also issued estimates for Rogers Communications' FY2026 earnings at $3.48 EPS.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group upgraded shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Scotiabank cut shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Finally, Bank of America lowered shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Rogers Communications presently has a consensus rating of "Hold" and an average target price of $67.00.

Rogers Communications Trading Up 0.7 %

Rogers Communications stock traded up $0.19 during mid-day trading on Monday, hitting $25.68. The company's stock had a trading volume of 931,271 shares, compared to its average volume of 1,011,589. Rogers Communications has a one year low of $23.18 and a one year high of $41.84. The stock has a market cap of $13.77 billion, a PE ratio of 11.07, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a 50 day moving average of $26.63 and a 200-day moving average of $30.54. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $4.96 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. Rogers Communications's revenue for the quarter was up 1.5% on a year-over-year basis.

Rogers Communications Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be issued a dividend of $0.3611 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.62%. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. The ex-dividend date is Monday, June 9th. Rogers Communications's payout ratio is 59.66%.

Institutional Trading of Rogers Communications

A number of hedge funds have recently added to or reduced their stakes in the company. APG Asset Management N.V. purchased a new position in shares of Rogers Communications in the 4th quarter valued at about $3,303,000. FIL Ltd increased its position in shares of Rogers Communications by 7.2% in the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after buying an additional 2,244,240 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of Rogers Communications during the 4th quarter worth approximately $718,000. Northwest & Ethical Investments L.P. grew its stake in Rogers Communications by 180.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider's stock valued at $10,560,000 after acquiring an additional 221,628 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Rogers Communications by 57.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock valued at $6,457,000 after purchasing an additional 76,373 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.