National Bank Financial Predicts RCI FY2025 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Equities researchers at National Bank Financial upped their FY2025 earnings estimates for shares of Rogers Communications in a research note issued on Wednesday, April 23rd. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings of $3.41 per share for the year, up from their previous estimate 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.

Several other research analysts also recently weighed in on RCI. Barclays restated an "equal weight" rating on shares of Rogers Communications in a research 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. Scotiabank lowered shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Finally, Bank of America lowered shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. One investment 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $67.00.

Rogers Communications Stock Performance

NYSE RCI traded down $0.58 during mid-day trading on Monday, reaching $25.51. 460,898 shares of the stock were exchanged, compared to its average volume of 1,008,968. The business's 50 day moving average is $26.54 and its 200-day moving average is $30.47. Rogers Communications has a 1 year low of $23.18 and a 1 year high of $41.84. The company has a market capitalization of $13.67 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.96 billion. During the same period last year, the company posted $0.99 earnings per share. The business's quarterly revenue was up 1.5% on a year-over-year basis.

Rogers Communications Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be given a $0.3611 dividend. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. The ex-dividend date is Monday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 5.66%. Rogers Communications's payout ratio is presently 59.66%.

Institutional Trading of Rogers Communications

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new position in shares of Rogers Communications in the first quarter worth $275,000. DekaBank Deutsche Girozentrale grew its stake in shares of Rogers Communications by 3.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 455,687 shares of the Wireless communications provider's stock worth $12,306,000 after acquiring an additional 14,606 shares in the last quarter. M&T Bank Corp grew its stake in shares of Rogers Communications by 10.3% during the first quarter. M&T Bank Corp now owns 19,739 shares of the Wireless communications provider's stock worth $527,000 after purchasing an additional 1,846 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Rogers Communications by 263.1% during the first quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider's stock worth $137,000 after purchasing an additional 3,718 shares in the last quarter. Finally, VAUGHAN & Co SECURITIES INC. grew its stake in shares of Rogers Communications by 45.0% during the first quarter. VAUGHAN & Co SECURITIES INC. now owns 20,987 shares of the Wireless communications provider's stock worth $561,000 after purchasing an additional 6,512 shares in the last quarter. 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.