Research Analysts Issue Forecasts for RCI FY2025 Earnings

Key Points

• Desjardins has increased its FY2025 earnings estimate for Rogers Communication to $3.48 per share, higher than the previous estimate of $3.29.
• The company will pay a quarterly dividend of $0.3672 on October 3rd, raising the annualized dividend to $1.47, which represents a yield of 4.28%.
• Rogers Communication has a consensus rating of "Hold" with an average price target of $72.00 among analysts, with varying ratings from several research firms.

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Stock analysts at Desjardins lifted their FY2025 earnings estimates for Rogers Communication in a research report issued on Thursday, July 24th. Desjardins analyst J. Dubreuil now forecasts that the Wireless communications provider will post earnings of $3.48 per share for the year, up from their prior estimate of $3.29. The consensus estimate for Rogers Communication's current full-year earnings is $3.57 per share. Desjardins also issued estimates for Rogers Communication's Q4 2025 earnings at $0.94 EPS, FY2026 earnings at $3.34 EPS and FY2027 earnings at $3.66 EPS.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.02. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $5.12 billion. Rogers Communication had a net margin of 7.33% and a return on equity of 21.59%. The company's revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share.

A number of other analysts have also recently weighed in on RCI. Scotiabank restated a "sector perform" rating on shares of Rogers Communication in a research note on Tuesday, July 15th. Canaccord Genuity Group upgraded shares of Rogers Communication from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $72.00.

Rogers Communication Stock Down 0.7%

NYSE RCI traded down $0.26 during trading on Friday, reaching $34.07. The company's stock had a trading volume of 206,490 shares, compared to its average volume of 1,258,005. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of $18.33 billion, a PE ratio of 16.94, a PEG ratio of 1.85 and a beta of 0.76. The business has a 50-day moving average price of $29.42 and a 200-day moving average price of $27.80. Rogers Communication has a 1-year low of $23.18 and a 1-year high of $41.84.

Rogers Communication Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 8th will be issued a $0.3672 dividend. This represents a $1.47 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Rogers Communication's previous quarterly dividend of $0.36. Rogers Communication's payout ratio is 72.64%.

Institutional Investors Weigh In On Rogers Communication

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its holdings in Rogers Communication by 885.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 850 shares during the period. Versant Capital Management Inc bought a new stake in Rogers Communication in the 1st quarter valued at $79,000. Parallel Advisors LLC increased its holdings in Rogers Communication by 176.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider's stock valued at $86,000 after buying an additional 1,847 shares during the period. CWM LLC increased its holdings in Rogers Communication by 57.4% in the 1st quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock valued at $100,000 after buying an additional 1,363 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Rogers Communication by 48.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,231 shares of the Wireless communications provider's stock worth $113,000 after purchasing an additional 1,389 shares during the last quarter. Institutional investors own 45.49% of the company's stock.

About Rogers Communication

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.