National Bank Financial Comments on RCI FY2025 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Stock analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for Rogers Communications in a note issued to investors on Wednesday, April 23rd. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will post earnings per share of $3.41 for the year, up from their previous forecast of $2.67. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share. National Bank Financial also issued estimates for Rogers Communications' FY2026 earnings at $3.48 EPS.

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

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

Rogers Communications Stock Performance

Rogers Communications stock traded up $0.23 during mid-day trading on Monday, hitting $25.64. 82,966 shares of the company's stock traded hands, compared to its average volume of 1,007,360. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. Rogers Communications has a one year low of $23.18 and a one year high of $41.84. The firm has a 50 day moving average price of $26.49 and a 200 day moving average price of $30.39. The company has a market cap of $13.75 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RCI. Arrowstreet Capital Limited Partnership boosted its stake in shares of Rogers Communications by 123.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock worth $206,565,000 after acquiring an additional 3,717,487 shares in the last quarter. FIL Ltd increased its stake in Rogers Communications by 7.2% in the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock worth $1,028,336,000 after purchasing an additional 2,244,240 shares in the last quarter. Value Partners Investments Inc. raised its holdings in Rogers Communications by 1,252.8% during the 1st quarter. Value Partners Investments Inc. now owns 2,312,136 shares of the Wireless communications provider's stock worth $61,808,000 after buying an additional 2,141,227 shares during the period. Bank of Nova Scotia lifted its stake in Rogers Communications by 20.6% during the fourth quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock valued at $237,784,000 after buying an additional 1,320,200 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its holdings in shares of Rogers Communications by 55.7% in the first quarter. Intact Investment Management Inc. now owns 2,913,921 shares of the Wireless communications provider's stock worth $77,827,000 after buying an additional 1,042,690 shares during the period. Institutional investors and hedge funds own 45.49% of the company's stock.

Rogers Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be paid a dividend of $0.3611 per share. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 5.63%. Rogers Communications's dividend payout ratio is currently 59.66%.

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.