RCI FY2025 EPS Lowered by National Bank Financial

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at National Bank Financial lowered their FY2025 earnings estimates for shares of Rogers Communications in a research note issued on Thursday, December 12th. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings of $2.94 per share for the year, down from their prior estimate of $3.01. The consensus estimate for Rogers Communications’ current full-year earnings is $3.56 per share. National Bank Financial also issued estimates for Rogers Communications’ FY2026 earnings at $3.20 EPS.

A number of other brokerages have also weighed in on RCI. TD Securities boosted their price objective on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Morgan Stanley initiated coverage on shares of Rogers Communications in a research report on Monday. They issued an “underweight” rating on the stock. Finally, BMO Capital Markets upped their price target on shares of Rogers Communications from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.75.

Rogers Communications Stock Down 0.6 %

Shares of RCI opened at $31.69 on Monday. Rogers Communications has a 1 year low of $31.40 and a 1 year high of $48.19. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.68 and a quick ratio of 0.64. The stock has a 50 day simple moving average of $36.28 and a two-hundred day simple moving average of $37.99. The firm has a market cap of $16.93 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.06 and a beta of 0.67.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.35. The firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS.

Hedge Funds Weigh In On Rogers Communications

Several hedge funds and other institutional investors have recently modified their holdings of RCI. The Manufacturers Life Insurance Company increased its holdings in Rogers Communications by 371.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,053,559 shares of the Wireless communications provider’s stock valued at $203,334,000 after purchasing an additional 3,980,525 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Rogers Communications by 106.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider’s stock worth $5,383,000 after buying an additional 68,971 shares during the last quarter. MQS Management LLC purchased a new position in shares of Rogers Communications during the third quarter valued at approximately $726,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Rogers Communications by 1,046.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 599,476 shares of the Wireless communications provider’s stock valued at $24,101,000 after buying an additional 547,201 shares during the period. Finally, Toronto Dominion Bank raised its holdings in shares of Rogers Communications by 53.9% during the second quarter. Toronto Dominion Bank now owns 6,303,371 shares of the Wireless communications provider’s stock valued at $233,099,000 after acquiring an additional 2,206,690 shares in the last quarter. 45.49% of the stock is owned by institutional investors.

Rogers Communications Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a dividend of $0.3611 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.56%. Rogers Communications’s dividend payout ratio is currently 71.71%.

About Rogers Communications

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.