RCI FY2025 EPS Estimate Increased by National Bank Financial

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at National Bank Financial lifted their FY2025 earnings per share estimates for Rogers Communications in a research note issued to investors on Wednesday, April 23rd. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will earn $3.41 per share for the year, up from their previous forecast of $2.67. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share. National Bank Financial also issued estimates for Rogers Communications’ FY2026 earnings at $3.48 EPS.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.02). Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same quarter in the previous year, the business earned $0.99 EPS. Rogers Communications’s revenue for the quarter was up 1.5% compared to the same quarter last year.

RCI has been the topic of several other research reports. Canaccord Genuity Group upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Friday, April 4th. Barclays reissued an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Scotiabank downgraded shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, April 1st. Finally, Bank of America cut Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.00.

Rogers Communications Trading Up 0.7 %

Shares of RCI stock opened at $25.68 on Monday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The business has a 50-day moving average of $26.58 and a 200 day moving average of $30.50. The stock has a market capitalization of $13.77 billion, a PE ratio of 11.07, a P/E/G ratio of 1.43 and a beta of 0.67. Rogers Communications has a 1-year low of $23.18 and a 1-year high of $41.84.

Rogers Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be given a dividend of $0.3611 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $1.44 annualized dividend and a dividend yield of 5.62%. This is a boost from Rogers Communications’s previous quarterly dividend of $0.35. Rogers Communications’s payout ratio is currently 59.66%.

Hedge Funds Weigh In On Rogers Communications

A number of institutional investors have recently bought and sold shares of RCI. TD Private Client Wealth LLC boosted its position in Rogers Communications by 263.1% during the 1st quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider’s stock valued at $137,000 after acquiring an additional 3,718 shares in the last quarter. VAUGHAN & Co SECURITIES INC. lifted its stake in shares of Rogers Communications by 45.0% in the 1st quarter. VAUGHAN & Co SECURITIES INC. now owns 20,987 shares of the Wireless communications provider’s stock valued at $561,000 after purchasing an additional 6,512 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Rogers Communications by 64.6% during the first quarter. Bank of New York Mellon Corp now owns 532,722 shares of the Wireless communications provider’s stock valued at $14,240,000 after purchasing an additional 209,089 shares in the last quarter. Meritage Portfolio Management purchased a new stake in Rogers Communications in the first quarter worth $1,788,000. Finally, Gold Investment Management Ltd. raised its holdings in Rogers Communications by 58.7% in the first quarter. Gold Investment Management Ltd. now owns 30,002 shares of the Wireless communications provider’s stock worth $802,000 after purchasing an additional 11,092 shares in the last quarter. 45.49% of the stock is owned by institutional investors.

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.