National Bank Financial Comments on RCI FY2025 Earnings

Key Points

• National Bank Financial has reduced its FY2025 earnings estimate for Rogers Communication to $3.33 per share, down from $3.43, while the consensus estimate remains higher at $3.57 per share.
• Rogers Communication has announced an increase in its quarterly dividend to $0.3672, resulting in an annualized dividend of $1.47 and a yield of 4.3%.
• Institutional investment in Rogers Communication is significant, with hedge funds like Goldman Sachs boosting their stake by over 300% recently.

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Research analysts at National Bank Financial decreased their FY2025 earnings estimates for shares of Rogers Communication in a research report issued on Monday, September 29th. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings of $3.33 per share for the year, down from their previous forecast of $3.43. The consensus estimate for Rogers Communication's current full-year earnings is $3.57 per share.

Several other research firms have also recently commented on RCI. Scotiabank restated a "sector perform" rating on shares of Rogers Communication in a report on Tuesday, July 15th. Barclays upped their price target on shares of Rogers Communication from $31.00 to $33.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rogers Communication currently has an average rating of "Hold" and a consensus price target of $33.00.

Rogers Communication Price Performance

Shares of NYSE:RCI opened at $34.47 on Wednesday. The company's fifty day moving average is $34.98 and its two-hundred day moving average is $30.06. The company has a quick ratio of 1.64, a current ratio of 1.70 and a debt-to-equity ratio of 2.23. Rogers Communication has a 12-month low of $23.18 and a 12-month high of $40.19. The company has a market cap of $18.55 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 2.36 and a beta of 0.79.

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

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 issued a $0.3672 dividend. This is an increase from Rogers Communication's previous quarterly dividend of $0.36. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, September 8th. Rogers Communication's dividend payout ratio (DPR) is 72.64%.

Hedge Funds Weigh In On Rogers Communication

A number of hedge funds and other institutional investors have recently bought and sold shares of RCI. Goldman Sachs Group Inc. boosted its stake in Rogers Communication by 303.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,538,620 shares of the Wireless communications provider's stock valued at $148,047,000 after acquiring an additional 4,166,861 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in Rogers Communication in the 2nd quarter valued at $78,714,000. Platinum Investment Management Ltd. bought a new stake in Rogers Communication in the 2nd quarter valued at $77,687,000. Canada Pension Plan Investment Board lifted its position in Rogers Communication by 373.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,870,559 shares of the Wireless communications provider's stock valued at $76,671,000 after acquiring an additional 2,263,859 shares in the last quarter. Finally, Value Partners Investments Inc. increased its stake in Rogers Communication by 1,252.8% in the 1st quarter. Value Partners Investments Inc. now owns 2,312,136 shares of the Wireless communications provider's stock valued at $61,808,000 after buying an additional 2,141,227 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

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.

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