National Bank Financial Predicts RCI FY2026 Earnings

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Analysts at National Bank Financial cut their FY2026 earnings per share (EPS) estimates for shares of Rogers Communication in a research note issued on Sunday, June 29th. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings of $3.52 per share for the year, down from their prior forecast of $3.56. The consensus estimate for Rogers Communication's current full-year earnings is $3.57 per share.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its 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). The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $4.96 billion. Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS.

Several other research analysts also recently weighed in on RCI. BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a research note on Wednesday. Canaccord Genuity Group raised shares of Rogers Communication from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Finally, Scotiabank lowered Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $67.00.

Rogers Communication Stock Performance

Shares of RCI traded up $0.35 during mid-day trading on Wednesday, hitting $32.21. 1,280,636 shares of the company's stock were exchanged, compared to its average volume of 1,059,963. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 3.97. Rogers Communication has a fifty-two week low of $23.18 and a fifty-two week high of $41.84. The business's 50 day moving average is $26.79 and its two-hundred day moving average is $27.55. The firm has a market capitalization of $17.33 billion, a P/E ratio of 13.86, a P/E/G ratio of 1.68 and a beta of 0.76.

Institutional Investors Weigh In On Rogers Communication

Several hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its holdings 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 period. Lindbrook Capital LLC lifted its position in Rogers Communication by 95.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock worth $47,000 after buying an additional 744 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Rogers Communication by 141.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after buying an additional 1,052 shares during the period. Versant Capital Management Inc purchased a new position in shares of Rogers Communication during the 1st quarter valued at $79,000. Finally, CWM LLC grew its holdings in shares of Rogers Communication by 57.4% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communication 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 $0.3611 dividend. This is a positive change from Rogers Communication's previous quarterly dividend of $0.35. The ex-dividend date is Monday, June 9th. This represents a $1.44 annualized dividend and a yield of 4.48%. Rogers Communication's 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.