RCI FY2025 EPS Forecast Cut 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 - Analysts at National Bank Financial reduced their FY2025 earnings per share (EPS) estimates for shares of Rogers Communication in a report released on Wednesday, July 23rd. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings per share of $3.43 for the year, down from their previous forecast 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.

A number of other equities analysts have also recently weighed in on the company. Scotiabank reissued a "sector perform" rating on shares of Rogers Communication in a report on Tuesday, July 15th. BMO Capital Markets reissued an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Finally, Canaccord Genuity Group raised Rogers Communication from a "hold" rating to a "buy" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Rogers Communication has an average rating of "Hold" and a consensus target price of $72.00.

Rogers Communication Stock Performance

Shares of NYSE RCI opened at $34.32 on Monday. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.85 and a beta of 0.76. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 2.23. Rogers Communication has a 1-year low of $23.18 and a 1-year high of $41.84. The stock's 50-day moving average is $29.42 and its 200 day moving average is $27.80.

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

Hedge Funds Weigh In On Rogers Communication

Institutional investors and hedge funds have recently bought and sold shares of the stock. APG Asset Management N.V. bought a new position in Rogers Communication during the 4th quarter worth approximately $3,303,000. FIL Ltd grew its position in Rogers Communication by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock worth $1,028,336,000 after acquiring an additional 2,244,240 shares during the last quarter. Polar Asset Management Partners Inc. grew its position in Rogers Communication by 239.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 42,500 shares of the Wireless communications provider's stock worth $1,306,000 after acquiring an additional 29,982 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Rogers Communication by 280.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 241,730 shares of the Wireless communications provider's stock worth $7,428,000 after acquiring an additional 178,145 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in Rogers Communication by 210.8% during the 4th quarter. Gotham Asset Management LLC now owns 30,718 shares of the Wireless communications provider's stock worth $944,000 after acquiring an additional 20,833 shares during the last quarter. 45.49% of the stock is currently owned by institutional investors.

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 given a dividend of $0.3672 per share. This represents a $1.47 annualized dividend and a yield of 4.28%. 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. Rogers Communication's dividend payout ratio (DPR) is presently 72.64%.

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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