Rogers Communication (NYSE:RCI) Announces Quarterly Earnings Results

Rogers Communication (NYSE:RCI) (TSE:RCI.B) issued its quarterly earnings data on Wednesday. The Wireless communications provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01, Zacks reports. Rogers Communication had a net margin of 32.00% and a return on equity of 12.48%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the business earned $0.99 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis.

Here are the key takeaways from Rogers Communication’s conference call:

• Rogers cut planned 2026 capital spending by roughly 30% to CAD 2.5–2.7 billion, targeting a ~12% capital intensity and raising full‑year free cash flow guidance to CAD 4.1–4.3 billion, implying ~CAD 800 million of incremental FCF versus 2025.
• Wireless finished Q1 with ~33,000 net adds and improved margins (+40 bps to 65%), but mobile phone ARPU declined to CAD 55.60 (down ~2.4%) amid industry promotional pressure.
• Rogers Sports & Media revenue jumped ~82% to ~CAD 1 billion and EBITDA improved to breakeven; management plans to buy the remaining 25% of MLSE, combine assets and sell a minority stake in an entity they value at >CAD 25 billion to unlock value and fund debt reduction.
• Balance sheet momentum: net leverage fell to 3.8x, liquidity of ~CAD 6 billion (CAD 1.4B cash + CAD 4.6B facilities), and the company issued CAD 2.3 billion of subordinated notes while planning accelerated debt paydown.
• Management says regulatory policy is disincentivizing investment, leading to permanently lower run‑rate CapEx via project cancellations, deferrals and efficiency moves, and it expects some restructuring costs — a potential long‑term headwind to network expansion and growth.

Rogers Communication Stock Performance

NYSE RCI traded down $0.96 on Friday, reaching $36.39. 425,908 shares of the stock were exchanged, compared to its average volume of 1,253,854. Rogers Communication has a one year low of $24.67 and a one year high of $41.14. The firm has a market capitalization of $19.66 billion, a PE ratio of 3.84, a PEG ratio of 6.40 and a beta of 0.72. The company’s 50-day simple moving average is $37.47 and its two-hundred day simple moving average is $37.41. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 1.48.

Rogers Communication Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 9th will be paid 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 yield of 5.5%. Rogers Communication’s dividend payout ratio (DPR) is presently 15.89%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RCI shares. Barclays reiterated a “positive” rating and issued a $37.00 price objective on shares of Rogers Communication in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research note on Friday, December 26th. Wall Street Zen cut shares of Rogers Communication from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, January 13th. Finally, TD Cowen reiterated a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.00.

Institutional Investors Weigh In On Rogers Communication

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RCI. Invesco Ltd. raised its stake in Rogers Communication by 52.3% during the 2nd quarter. Invesco Ltd. now owns 934,712 shares of the Wireless communications provider’s stock worth $27,724,000 after acquiring an additional 321,124 shares during the period. EverSource Wealth Advisors LLC raised its stake in Rogers Communication by 52.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 683 shares during the period. Marshall Wace LLP raised its stake in Rogers Communication by 36.5% during the 2nd quarter. Marshall Wace LLP now owns 37,179 shares of the Wireless communications provider’s stock worth $1,103,000 after acquiring an additional 9,951 shares during the period. Cerity Partners LLC raised its stake in Rogers Communication by 7.0% during the 2nd quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider’s stock worth $326,000 after acquiring an additional 724 shares during the period. Finally, AXA S.A. raised its stake in Rogers Communication by 231.1% during the 2nd quarter. AXA S.A. now owns 49,945 shares of the Wireless communications provider’s stock worth $1,481,000 after acquiring an additional 34,860 shares during the period. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Company Profile

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.