Desjardins Issues Optimistic Forecast for RCI Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Equities research analysts at Desjardins increased their FY2025 earnings per share (EPS) estimates for shares of Rogers Communications in a research note issued on Wednesday, April 23rd. Desjardins analyst J. Dubreuil now anticipates that the Wireless communications provider will post earnings per share of $3.29 for the year, up from their previous estimate of $3.26. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share.

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

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

Rogers Communications Price Performance

Shares of Rogers Communications stock traded down $0.58 during trading on Monday, reaching $25.51. The company's stock had a trading volume of 460,898 shares, compared to its average volume of 1,008,968. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. Rogers Communications has a 12-month low of $23.18 and a 12-month high of $41.84. The company has a market capitalization of $13.67 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The business has a 50 day moving average price of $26.54 and a 200-day moving average price of $30.47.

Rogers Communications Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be given a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.66%. This is a boost 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. raised its stake in shares of Rogers Communications by 1.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider's stock valued at $725,000 after purchasing an additional 379 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Rogers Communications by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider's stock valued at $436,000 after purchasing an additional 571 shares during the period. Waldron Private Wealth LLC raised its stake in shares of Rogers Communications by 3.1% during the fourth quarter. Waldron Private Wealth LLC now owns 21,943 shares of the Wireless communications provider's stock valued at $682,000 after purchasing an additional 660 shares during the period. State Street Corp raised its stake in shares of Rogers Communications by 0.5% during the third quarter. State Street Corp now owns 136,766 shares of the Wireless communications provider's stock valued at $5,550,000 after purchasing an additional 661 shares during the period. Finally, State of Tennessee Department of Treasury raised its stake in shares of Rogers Communications by 0.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 218,308 shares of the Wireless communications provider's stock valued at $6,708,000 after purchasing an additional 720 shares during the period. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Company Profile

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.