Research Analysts Issue Forecasts for RCI FY2025 Earnings

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Stock analysts at Cormark boosted their FY2025 earnings per share estimates for shares of Rogers Communication in a research note issued to investors on Thursday, July 24th. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will post earnings per share of $3.39 for the year, up from their prior forecast of $3.38. The consensus estimate for Rogers Communication's current full-year earnings is $3.57 per share. Cormark also issued estimates for Rogers Communication's FY2026 earnings at $3.60 EPS.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $0.82 earnings per share 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 analyst estimates of $5.12 billion. Rogers Communication had a return on equity of 21.59% and a net margin of 7.33%. Rogers Communication's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS.

Several other analysts also recently weighed in on RCI. Canaccord Genuity Group raised Rogers Communication from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Scotiabank reaffirmed a "sector perform" rating on shares of Rogers Communication in a research report on Tuesday, July 15th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Rogers Communication has a consensus rating of "Hold" and a consensus target price of $67.00.

Rogers Communication Stock Performance

NYSE:RCI traded down $0.14 during trading hours on Friday, reaching $34.32. 1,581,400 shares of the stock were exchanged, compared to its average volume of 1,761,901. The stock has a market capitalization of $18.46 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.86 and a beta of 0.76. Rogers Communication has a 52 week low of $23.18 and a 52 week high of $41.84. The company has a quick ratio of 0.94, a current ratio of 1.70 and a debt-to-equity ratio of 2.23. The firm has a 50 day simple moving average of $29.42 and a 200-day simple moving average of $27.84.

Hedge Funds Weigh In On Rogers Communication

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in shares of 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 purchasing an additional 850 shares during the last quarter. Versant Capital Management Inc acquired a new position in Rogers Communication during the 1st quarter worth approximately $79,000. Parallel Advisors LLC lifted its stake in Rogers Communication by 176.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider's stock valued at $86,000 after acquiring an additional 1,847 shares in the last quarter. CWM LLC increased its position in shares of Rogers Communication by 57.4% during the first quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock valued at $100,000 after acquiring an additional 1,363 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Rogers Communication by 48.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,231 shares of the Wireless communications provider's stock valued at $113,000 after acquiring an additional 1,389 shares during the last quarter. Institutional investors own 45.49% of the company's stock.

Rogers Communication Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 8th will be given a dividend of $0.3672 per share. The ex-dividend date of this dividend is Monday, September 8th. This is a boost from Rogers Communication's previous quarterly dividend of $0.36. This represents a $1.47 annualized dividend and a yield of 4.28%. Rogers Communication's dividend payout ratio is 62.66%.

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.