RCI FY2025 EPS Forecast Raised by National Bank Financial

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Analysts at National Bank Financial upped their FY2025 earnings estimates for Rogers Communication in a report released on Thursday, June 12th. National Bank Financial analyst A. Shine now anticipates 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 Communication's current full-year earnings is $3.57 per share. National Bank Financial also issued estimates for Rogers Communication's FY2026 earnings at $3.56 EPS.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group raised Rogers Communication from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Scotiabank lowered Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $67.00.

Rogers Communication Stock Up 0.7%

Shares of RCI stock traded up $0.19 during trading hours on Monday, hitting $27.60. 1,092,001 shares of the company's stock traded hands, compared to its average volume of 1,017,160. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 3.97. The stock's fifty day simple moving average is $25.97 and its two-hundred day simple moving average is $27.95. Rogers Communication has a 12-month low of $23.18 and a 12-month high of $41.84. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.51 and a beta of 0.73.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last issued 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). The business had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $4.96 billion. Rogers Communication had a net margin of 8.53% and a return on equity of 25.28%. The company's revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share.

Hedge Funds Weigh In On Rogers Communication

Several hedge funds and other institutional investors have recently bought and sold shares of RCI. SBI Securities Co. Ltd. raised its holdings in shares of Rogers Communication by 885.4% during the first quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 850 shares during the last quarter. Lindbrook Capital LLC grew its position in Rogers Communication by 95.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock worth $47,000 after purchasing an additional 744 shares during the period. Jones Financial Companies Lllp grew its position in Rogers Communication by 141.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock worth $55,000 after purchasing an additional 1,052 shares during the period. Versant Capital Management Inc purchased a new stake in Rogers Communication during the 1st quarter valued at $79,000. Finally, CWM LLC lifted its holdings in shares of Rogers Communication by 57.4% during the 1st quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock valued at $100,000 after buying an additional 1,363 shares during the period. Institutional investors own 45.49% of the company's stock.

Rogers Communication Increases Dividend

The firm 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 Communication's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 5.23%. Rogers Communication's payout ratio is 62.66%.

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.