Rogers Communications Inc. to Post FY2025 Earnings of $3.51 Per Share, National Bank Financial Forecasts (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for shares of Rogers Communications in a report released on Wednesday, April 24th. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings per share of $3.51 for the year, down from their prior forecast of $3.56. The consensus estimate for Rogers Communications’ current full-year earnings is $3.56 per share.

Other analysts have also recently issued reports about the company. StockNews.com cut Rogers Communications from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Barclays reduced their price objective on shares of Rogers Communications from $52.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

Rogers Communications Trading Up 0.6 %

RCI traded up $0.24 during trading hours on Friday, reaching $38.28. The company’s stock had a trading volume of 221,763 shares, compared to its average volume of 575,531. Rogers Communications has a fifty-two week low of $36.55 and a fifty-two week high of $50.00. The stock has a market cap of $20.23 billion, a PE ratio of 47.55, a P/E/G ratio of 1.65 and a beta of 0.59. The business’s 50-day moving average is $41.83 and its 200-day moving average is $43.12. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.89 and a quick ratio of 0.84.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Rogers Communications had a return on equity of 21.71% and a net margin of 2.90%.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 10th will be paid a $0.3658 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.46 annualized dividend and a yield of 3.82%. Rogers Communications’s payout ratio is currently 183.75%.

Institutional Trading of Rogers Communications

Several hedge funds and other institutional investors have recently bought and sold shares of RCI. Canoe Financial LP grew its stake in shares of Rogers Communications by 1,575.9% during the 4th quarter. Canoe Financial LP now owns 15,903,262 shares of the Wireless communications provider’s stock valued at $744,432,000 after buying an additional 14,954,351 shares during the period. FIL Ltd grew its stake in shares of Rogers Communications by 13.7% during the 4th quarter. FIL Ltd now owns 36,514,749 shares of the Wireless communications provider’s stock valued at $1,709,377,000 after buying an additional 4,405,888 shares during the period. Barclays PLC grew its stake in shares of Rogers Communications by 2,701.9% during the 3rd quarter. Barclays PLC now owns 3,292,839 shares of the Wireless communications provider’s stock valued at $126,411,000 after buying an additional 3,175,319 shares during the period. TD Asset Management Inc grew its stake in shares of Rogers Communications by 27.3% during the 4th quarter. TD Asset Management Inc now owns 11,074,702 shares of the Wireless communications provider’s stock valued at $520,980,000 after buying an additional 2,372,306 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Rogers Communications by 10.2% during the 4th quarter. 1832 Asset Management L.P. now owns 12,707,709 shares of the Wireless communications provider’s stock valued at $594,848,000 after buying an additional 1,177,264 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

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.