What is Scotiabank’s Forecast for RCI FY2025 Earnings?

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Research analysts at Scotiabank lifted their FY2025 earnings per share (EPS) estimates for Rogers Communication in a report issued on Thursday, October 23rd. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will post earnings per share of $3.35 for the year, up from their previous forecast of $3.24. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.57 per share. Scotiabank also issued estimates for Rogers Communication’s FY2026 earnings at $3.78 EPS.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.92 by $0.07. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same period last year, the business posted $1.42 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis.

A number of other research firms have also issued reports on RCI. Weiss Ratings reiterated a “hold (c)” rating on shares of Rogers Communication in a report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Rogers Communication in a report on Friday. Barclays lifted their target price on Rogers Communication from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.00.

Rogers Communication Trading Up 1.1%

RCI opened at $39.75 on Monday. Rogers Communication has a 52 week low of $23.18 and a 52 week high of $39.76. The business has a fifty day simple moving average of $35.97 and a 200-day simple moving average of $31.46. The firm has a market cap of $21.48 billion, a P/E ratio of 4.42, a P/E/G ratio of 3.16 and a beta of 0.78. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 1.55.

Institutional Trading of Rogers Communication

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its stake in Rogers Communication by 885.4% in the first quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 850 shares in the last quarter. Headlands Technologies LLC raised its stake in Rogers Communication by 143.2% in the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after buying an additional 978 shares in the last quarter. MAI Capital Management raised its stake in Rogers Communication by 30.5% in the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock valued at $58,000 after buying an additional 458 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 683 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Rogers Communication by 176.9% in the second quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider’s stock valued at $86,000 after buying an additional 1,847 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

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.