RCI FY2025 EPS Forecast Decreased by National Bank Financial

Key Points

• National Bank Financial has reduced its FY2025 earnings per share (EPS) forecast for Rogers Communication to $3.43, down from the previous estimate of $3.47.
• The company recently declared a quarterly dividend of $0.3672 per share, representing a 4.28% yield, an increase from the previous dividend of $0.36.
• Rogers Communication reported a quarterly revenue of $3.82 billion, significantly below analysts' expectations of $5.12 billion, despite beating the EPS consensus estimate.

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Equities research analysts at National Bank Financial cut their FY2025 earnings per share estimates for Rogers Communication in a report released on Wednesday, July 23rd. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings of $3.43 per share for the year, down from their prior estimate of $3.47. The consensus estimate for Rogers Communication's current full-year earnings is $3.57 per share. National Bank Financial also issued estimates for Rogers Communication's FY2026 earnings at $3.57 EPS.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a research report on Wednesday, July 2nd. Scotiabank reiterated a "sector perform" rating on shares of Rogers Communication in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group upgraded shares of Rogers Communication from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $72.00.

Rogers Communication Trading Down 0.4%

Shares of Rogers Communication stock traded down $0.15 on Monday, hitting $33.20. 167,006 shares of the company's stock traded hands, compared to its average volume of 1,257,570. The firm's 50-day moving average price is $29.90 and its two-hundred day moving average price is $27.91. The stock has a market capitalization of $17.86 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.82 and a beta of 0.76. Rogers Communication has a one year low of $23.18 and a one year high of $41.84. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.70 and a quick ratio of 1.64.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $0.82 earnings per share for the quarter, topping 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 firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $5.12 billion. During the same quarter in the previous year, the company posted $1.16 EPS. Rogers Communication's revenue was up 2.4% on a year-over-year basis.

Hedge Funds Weigh In On Rogers Communication

Several institutional investors and hedge funds have recently made changes to their positions in RCI. Cardinal Point Capital Management ULC boosted its stake in Rogers Communication by 2.7% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 336,263 shares of the Wireless communications provider's stock worth $9,955,000 after purchasing an additional 8,711 shares during the period. Lorne Steinberg Wealth Management Inc. boosted its stake in Rogers Communication by 1.6% in the 2nd quarter. Lorne Steinberg Wealth Management Inc. now owns 122,961 shares of the Wireless communications provider's stock worth $3,650,000 after purchasing an additional 1,964 shares during the period. JTC Employer Solutions Trustee Ltd boosted its stake in Rogers Communication by 1.4% in the 2nd quarter. JTC Employer Solutions Trustee Ltd now owns 103,931 shares of the Wireless communications provider's stock worth $3,068,000 after purchasing an additional 1,386 shares during the period. TD Asset Management Inc boosted its stake in Rogers Communication by 9.2% in the 2nd quarter. TD Asset Management Inc now owns 7,072,860 shares of the Wireless communications provider's stock worth $209,361,000 after purchasing an additional 594,471 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Rogers Communication in the 2nd quarter worth $328,000. Institutional investors and hedge funds own 45.49% of the company's stock.

Rogers Communication Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Monday, September 8th will be issued a $0.3672 dividend. This is a positive change from Rogers Communication's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, September 8th. This represents a $1.47 annualized dividend and a dividend yield of 4.42%. Rogers Communication's payout ratio is 72.64%.

Rogers Communication 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.