RCI FY2025 EPS Lifted by National Bank Financial

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Analysts at National Bank Financial boosted their FY2025 earnings estimates for Rogers Communications in a research note issued on Thursday, June 12th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will post earnings of $3.43 per share for the year, up from their previous forecast of $3.41. 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 $3.56 EPS.

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

A number of other brokerages have also recently issued reports on RCI. Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Scotiabank cut Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications presently has a consensus rating of "Hold" and an average target price of $67.00.

Rogers Communications Price Performance

Shares of RCI stock traded up $0.26 during trading hours on Monday, hitting $27.91. 868,074 shares of the company's stock were exchanged, compared to its average volume of 1,130,625. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The company has a market capitalization of $14.96 billion, a PE ratio of 12.03, a PEG ratio of 1.43 and a beta of 0.73. The business's 50 day simple moving average is $25.76 and its 200-day simple moving average is $28.01. Rogers Communications has a 12-month low of $23.18 and a 12-month high of $41.84.

Hedge Funds Weigh In On Rogers Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in RCI. FIL Ltd lifted its holdings in Rogers Communications by 7.2% in the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock worth $1,028,336,000 after buying an additional 2,244,240 shares during the period. Mackenzie Financial Corp raised its position in shares of Rogers Communications by 0.4% in the 1st quarter. Mackenzie Financial Corp now owns 8,368,837 shares of the Wireless communications provider's stock worth $223,483,000 after acquiring an additional 37,013 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Rogers Communications by 3.4% in the 1st quarter. Bank of Nova Scotia now owns 7,998,907 shares of the Wireless communications provider's stock valued at $213,641,000 after purchasing an additional 262,705 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Rogers Communications by 123.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock valued at $206,565,000 after purchasing an additional 3,717,487 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. boosted its position in shares of Rogers Communications by 13.0% during the first quarter. Letko Brosseau & Associates Inc. now owns 5,885,187 shares of the Wireless communications provider's stock valued at $157,143,000 after purchasing an additional 674,807 shares in the last quarter. Institutional investors own 45.49% of the company's stock.

Rogers Communications Increases Dividend

The firm 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 represents a $1.44 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's payout ratio is currently 62.23%.

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.