National Bank Financial Brokers Decrease Earnings Estimates for Rogers Communications Inc. (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Analysts at National Bank Financial dropped their FY2025 earnings per share estimates for Rogers Communications in a research note issued to investors on Wednesday, April 24th. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings of $3.51 per share for the year, down from their previous estimate of $3.56. The consensus estimate for Rogers Communications' current full-year earnings is $3.56 per share.

Other analysts also recently issued research reports about the company. Barclays lowered their price objective on Rogers Communications from $52.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, April 10th. StockNews.com cut Rogers Communications from a "hold" rating to a "sell" rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, Rogers Communications currently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Rogers Communications Trading Down 0.2 %

RCI stock traded down $0.09 during midday trading on Friday, hitting $37.95. The company had a trading volume of 1,265,055 shares, compared to its average volume of 584,092. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 3.81. Rogers Communications has a 52 week low of $36.55 and a 52 week high of $50.00. The stock's 50 day moving average price is $41.67 and its 200 day moving average price is $43.12. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 47.44, a PEG ratio of 1.65 and a beta of 0.59.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Rogers Communications had a return on equity of 21.71% and a net margin of 2.90%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion.

Hedge Funds Weigh In On Rogers Communications

Several hedge funds have recently made changes to their positions in the business. Orion Portfolio Solutions LLC grew its stake in Rogers Communications by 317.7% in the third quarter. Orion Portfolio Solutions LLC now owns 33,877 shares of the Wireless communications provider's stock worth $1,301,000 after purchasing an additional 25,766 shares during the period. Qube Research & Technologies Ltd grew its stake in Rogers Communications by 101.8% in the third quarter. Qube Research & Technologies Ltd now owns 131,276 shares of the Wireless communications provider's stock worth $5,040,000 after purchasing an additional 66,231 shares during the period. Invesco Ltd. grew its stake in Rogers Communications by 13.7% in the third quarter. Invesco Ltd. now owns 200,294 shares of the Wireless communications provider's stock worth $7,689,000 after purchasing an additional 24,178 shares during the period. Cumberland Partners Ltd grew its stake in Rogers Communications by 3.4% in the fourth quarter. Cumberland Partners Ltd now owns 718,261 shares of the Wireless communications provider's stock worth $33,622,000 after purchasing an additional 23,774 shares during the period. Finally, Scotia Capital Inc. grew its stake in Rogers Communications by 9.3% in the third quarter. Scotia Capital Inc. now owns 2,625,594 shares of the Wireless communications provider's stock worth $100,617,000 after purchasing an additional 224,293 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.3658 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.46 annualized dividend and a dividend yield of 3.86%. Rogers Communications's dividend payout ratio (DPR) is presently 183.75%.

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.