FY2025 EPS Estimates for Rogers Communications Inc. (NYSE:RCI) Decreased by Analyst

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Cormark dropped their FY2025 earnings per share estimates for shares of Rogers Communications in a research report issued to clients and investors on Monday, April 15th. Cormark analyst D. Mcfadgen now forecasts that the Wireless communications provider will post earnings per share of $4.45 for the year, down from their previous estimate of $4.54. The consensus estimate for Rogers Communications' current full-year earnings is $3.60 per share.

Several other research firms have also commented on RCI. Barclays cut their price target on Rogers Communications from $52.00 to $46.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 10th. StockNews.com lowered Rogers Communications from a "hold" rating to a "sell" rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.00.

Rogers Communications Stock Performance

RCI traded down $0.21 during trading on Tuesday, hitting $37.70. 686,167 shares of the stock were exchanged, compared to its average volume of 521,249. The firm has a market capitalization of $19.92 billion, a P/E ratio of 31.41, a PEG ratio of 1.63 and a beta of 0.59. Rogers Communications has a 1-year low of $36.55 and a 1-year high of $50.00. The stock has a fifty day moving average price of $42.80 and a two-hundred day moving average price of $43.15. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 3.81.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.99 billion.

Rogers Communications Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were paid a $0.3742 dividend. This is an increase from Rogers Communications's previous quarterly dividend of $0.36. This represents a $1.50 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, March 8th. Rogers Communications's dividend payout ratio (DPR) is 122.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted its stake in shares of Rogers Communications by 120.1% in the fourth quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider's stock valued at $31,000 after buying an additional 359 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Rogers Communications by 62.8% in the third quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 270 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Rogers Communications in the third quarter valued at approximately $29,000. Lindbrook Capital LLC boosted its stake in shares of Rogers Communications by 120.8% in the fourth quarter. Lindbrook Capital LLC now owns 912 shares of the Wireless communications provider's stock valued at $43,000 after buying an additional 499 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Rogers Communications in the fourth quarter valued at approximately $51,000. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

About Rogers Communications

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.