Scotiabank Expects Higher Earnings for Rogers Communication

Key Points

• Scotiabank raised its FY2026 earnings estimate for Rogers Communication to $3.32 per share from $3.30 and maintained an “Outperform” rating, above the $3.29 consensus forecast.
• Rogers reported quarterly EPS of $0.83, exceeding expectations by $0.03, while revenue rose 7.6% year over year to $3.95 billion.
• The company declared a quarterly dividend of $0.50, equivalent to $2.00 annually and a 5.7% yield; analysts collectively rate the stock “Moderate Buy” with a $36 consensus target price.

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Investment analysts at Scotiabank boosted their FY2026 earnings estimates for shares of Rogers Communication in a report issued on Thursday, September 17th. Scotiabank analyst M. Yaghi now forecasts that the Wireless communications provider will earn $3.32 per share for the year, up from their prior estimate of $3.30. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Rogers Communication's current full-year earnings is $3.29 per share.

Several other equities analysts have also issued reports on RCI. Weiss Ratings upgraded Rogers Communication from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 14th. Wall Street Zen raised shares of Rogers Communication from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. TD Securities restated a "buy" rating on shares of Rogers Communication in a report on Thursday, July 23rd. Barclays lowered their target price on shares of Rogers Communication from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, July 16th. Finally, Raymond James Financial assumed coverage on shares of Rogers Communication in a report on Wednesday, July 15th. They issued an "outperform" rating on the stock. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.00.

Rogers Communication Trading Up 0.1%

NYSE RCI opened at $35.11 on Monday. The stock has a 50-day simple moving average of $35.37 and a 200 day simple moving average of $36.08. The company has a market capitalization of $18.97 billion, a PE ratio of 4.24, a P/E/G ratio of 4.35 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. Rogers Communication has a 12 month low of $31.38 and a 12 month high of $41.14.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.91 billion. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS.

Rogers Communication Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 8th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.00 annualized dividend and a yield of 5.7%. Rogers Communication's payout ratio is presently 17.39%.

Hedge Funds Weigh In On Rogers Communication

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in Rogers Communication by 39.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,689 shares of the Wireless communications provider's stock valued at $101,000 after purchasing an additional 761 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Rogers Communication by 1,314.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,337 shares of the Wireless communications provider's stock valued at $126,000 after acquiring an additional 3,101 shares during the last quarter. Parallel Advisors LLC raised its holdings in Rogers Communication by 10.2% during the first quarter. Parallel Advisors LLC now owns 3,377 shares of the Wireless communications provider's stock worth $130,000 after acquiring an additional 312 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in Rogers Communication during the first quarter valued at approximately $180,000. Finally, Cary Street Partners Financial LLC bought a new position in Rogers Communication in the fourth quarter valued at approximately $195,000. 45.49% of the stock is owned by institutional investors.

About Rogers Communication

Rogers Communications Inc is a Canadian communications and media company headquartered in Toronto, Ontario. Through its wireless and cable businesses, the company provides mobile voice and data services, high-speed internet, television, home phone and related connectivity services to consumers, businesses and public-sector organizations across Canada.

Rogers also operates media and entertainment businesses, including Sportsnet television and digital networks, radio stations and related publishing and digital properties.

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