Desjardins Has Pessimistic Outlook of RCI Q2 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Equities researchers at Desjardins cut their Q2 2025 earnings per share estimates for shares of Rogers Communications in a report issued on Wednesday, April 23rd. Desjardins analyst J. Dubreuil now expects that the Wireless communications provider will earn $0.71 per share for the quarter, down from their prior estimate of $0.75. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share. Desjardins also issued estimates for Rogers Communications' Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.93 EPS, FY2026 earnings at $3.42 EPS and FY2027 earnings at $3.72 EPS.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.02). Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the company posted $0.99 EPS. The company's revenue for the quarter was up 1.5% compared to the same quarter last year.

Several other brokerages have also issued reports on RCI. Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Finally, Scotiabank lowered shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Rogers Communications presently has an average rating of "Hold" and a consensus target price of $67.00.

Rogers Communications Price Performance

Rogers Communications stock traded up $0.15 during mid-day trading on Friday, hitting $25.84. 214,991 shares of the company traded hands, compared to its average volume of 1,175,881. The stock has a fifty day moving average price of $26.58 and a 200-day moving average price of $30.50. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Rogers Communications has a one year low of $23.18 and a one year high of $41.84.

Rogers Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be issued a dividend of $0.3611 per share. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Monday, June 9th. Rogers Communications's dividend payout ratio is currently 59.66%.

Hedge Funds Weigh In On Rogers Communications

A number of hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Rogers Communications by 123.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock worth $206,565,000 after purchasing an additional 3,717,487 shares during the last quarter. FIL Ltd lifted its position in Rogers Communications by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after buying an additional 2,244,240 shares during the period. Value Partners Investments Inc. lifted its position in Rogers Communications by 1,252.8% during the first 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 period. Bank of Nova Scotia grew its position in shares of Rogers Communications by 20.6% in the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock worth $237,784,000 after buying an additional 1,320,200 shares during the period. Finally, Intact Investment Management Inc. lifted its position in Rogers Communications by 55.7% during the 1st quarter. Intact Investment Management Inc. now owns 2,913,921 shares of the Wireless communications provider's stock valued at $77,827,000 after acquiring an additional 1,042,690 shares during the period. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communications Company Profile

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.