Scotiabank Has Bullish Forecast for RCI FY2025 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Equities researchers at Scotiabank increased their FY2025 earnings per share estimates for shares of Rogers Communications in a note issued to investors on Sunday, April 13th. Scotiabank analyst M. Yaghi now expects that the Wireless communications provider will post earnings of $3.57 per share for the year, up from their previous forecast of $3.22. Scotiabank has a "Sector Perform" rating on the stock. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share. Scotiabank also issued estimates for Rogers Communications' FY2026 earnings at $3.40 EPS.

Several other brokerages have also recently commented on RCI. Barclays restated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Finally, Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $67.00.

Rogers Communications Stock Performance

Shares of NYSE RCI traded down $0.37 during mid-day trading on Wednesday, hitting $25.54. The stock had a trading volume of 294,071 shares, compared to its average volume of 1,015,788. The company has a 50 day moving average of $26.95 and a two-hundred day moving average of $31.09. Rogers Communications has a twelve month low of $23.18 and a twelve month high of $41.84. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The firm has a market cap of $13.69 billion, a PE ratio of 11.01, a PEG ratio of 1.43 and a beta of 0.67.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were given a dividend of $0.347 per share. The ex-dividend date was Monday, March 10th. This represents a $1.39 annualized dividend and a dividend yield of 5.43%. Rogers Communications's dividend payout ratio (DPR) is presently 59.48%.

Hedge Funds Weigh In On Rogers Communications

Hedge funds have recently made changes to their positions in the company. APG Asset Management N.V. acquired a new stake in Rogers Communications during the 4th quarter worth $3,303,000. FIL Ltd raised its holdings 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 valued at $1,028,336,000 after acquiring an additional 2,244,240 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Rogers Communications during the 4th quarter worth approximately $718,000. Northwest & Ethical Investments L.P. grew its position in shares of Rogers Communications by 180.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider's stock valued at $10,560,000 after purchasing an additional 221,628 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Rogers Communications by 57.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock valued at $6,457,000 after purchasing an additional 76,373 shares during the last quarter. Institutional investors and hedge funds 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.