Cormark Reduces Earnings Estimates for Rogers Communications

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Analysts at Cormark reduced their FY2025 earnings per share estimates for Rogers Communications in a report released on Thursday, April 24th. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will earn $3.38 per share for the year, down from their prior forecast of $3.52. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share. Cormark also issued estimates for Rogers Communications’ FY2026 earnings at $3.52 EPS.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data 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). The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $4.96 billion. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. Rogers Communications’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share.

Several other equities analysts have also issued reports on the stock. Bank of America lowered shares of Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Barclays restated an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Scotiabank downgraded Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Rogers Communications has an average rating of “Hold” and an average price target of $67.00.

Rogers Communications Stock Up 0.7 %

Shares of NYSE RCI opened at $25.68 on Monday. The company’s 50 day moving average price is $26.58 and its 200-day moving average price is $30.50. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. Rogers Communications has a 52-week low of $23.18 and a 52-week high of $41.84. The company has a market capitalization of $13.77 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Institutional Investors Weigh In On Rogers Communications

Several hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its position in Rogers Communications by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider’s stock valued at $725,000 after purchasing an additional 379 shares during the period. PNC Financial Services Group Inc. boosted its stake in Rogers Communications by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider’s stock valued at $436,000 after purchasing an additional 571 shares during the last quarter. Waldron Private Wealth LLC increased its holdings in Rogers Communications by 3.1% during the 4th quarter. Waldron Private Wealth LLC now owns 21,943 shares of the Wireless communications provider’s stock worth $682,000 after purchasing an additional 660 shares in the last quarter. State Street Corp raised its stake in shares of Rogers Communications by 0.5% in the third quarter. State Street Corp now owns 136,766 shares of the Wireless communications provider’s stock worth $5,550,000 after purchasing an additional 661 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Rogers Communications by 0.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 218,308 shares of the Wireless communications provider’s stock valued at $6,708,000 after purchasing an additional 720 shares in the last quarter. Institutional investors own 45.49% of the company’s stock.

Rogers Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be paid a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Rogers Communications’s previous quarterly dividend of $0.35. Rogers Communications’s dividend payout ratio (DPR) is 59.66%.

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.