Scotiabank Has Positive Outlook for RCI FY2026 Earnings

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Scotiabank boosted their FY2026 earnings per share (EPS) estimates for Rogers Communication in a report released on Thursday, April 23rd. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will earn $3.92 per share for the year, up from their previous forecast of $3.60. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Rogers Communication's current full-year earnings is $3.54 per share.

Several other brokerages also recently issued reports on RCI. TD Cowen restated a "buy" rating on shares of Rogers Communication in a report on Friday, January 30th. Barclays restated a "positive" rating and issued a $37.00 price target on shares of Rogers Communication in a report on Tuesday, January 27th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Rogers Communication in a report on Tuesday, January 13th. TD Securities downgraded Rogers Communication from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Desjardins reiterated a "hold" rating on shares of Rogers Communication in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $36.00.

Rogers Communication Stock Up 1.3%

Shares of Rogers Communication stock opened at $36.54 on Tuesday. Rogers Communication has a 1 year low of $24.80 and a 1 year high of $41.14. The business has a 50-day moving average of $37.37 and a two-hundred day moving average of $37.45. The company has a market capitalization of $19.74 billion, a P/E ratio of 3.85, a price-to-earnings-growth ratio of 3.19 and a beta of 0.72. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.55 and a quick ratio of 0.53.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings results on Wednesday, April 22nd. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Rogers Communication had a return on equity of 12.11% and a net margin of 32.00%.The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year.

Rogers Communication Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.5%. Rogers Communication's dividend payout ratio (DPR) is presently 15.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RCI. Invesco Ltd. grew its holdings in shares of Rogers Communication by 52.3% during the second quarter. Invesco Ltd. now owns 934,712 shares of the Wireless communications provider's stock worth $27,724,000 after buying an additional 321,124 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Rogers Communication by 52.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider's stock valued at $59,000 after purchasing an additional 683 shares during the last quarter. Marshall Wace LLP boosted its position in Rogers Communication by 36.5% during the second quarter. Marshall Wace LLP now owns 37,179 shares of the Wireless communications provider's stock valued at $1,103,000 after purchasing an additional 9,951 shares during the last quarter. Cerity Partners LLC boosted its position in Rogers Communication by 7.0% during the second quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider's stock valued at $326,000 after purchasing an additional 724 shares during the last quarter. Finally, AXA S.A. boosted its position in Rogers Communication by 231.1% during the second quarter. AXA S.A. now owns 49,945 shares of the Wireless communications provider's stock valued at $1,481,000 after purchasing an additional 34,860 shares during the last quarter. 45.49% of the stock is currently owned by institutional investors.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.

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