National Bank Financial Predicts RCI FY2025 Earnings

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Analysts at National Bank Financial upped their FY2025 earnings estimates for shares of Rogers Communication in a note issued to investors on Thursday, June 12th. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will earn $3.43 per share for the year, up from their previous estimate of $3.41. The consensus estimate for Rogers Communication’s current full-year earnings is $3.57 per share. National Bank Financial also issued estimates for Rogers Communication’s FY2026 earnings at $3.56 EPS.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.02). Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the company earned $0.99 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the stock. Scotiabank downgraded shares of Rogers Communication from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. Canaccord Genuity Group raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.00.

Rogers Communication Trading Down 1.8%

Shares of RCI stock opened at $27.42 on Monday. Rogers Communication has a 1 year low of $23.18 and a 1 year high of $41.84. The firm has a market capitalization of $14.70 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73. The stock has a fifty day moving average of $25.91 and a two-hundred day moving average of $27.95. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.94 and a current ratio of 1.00.

Institutional Investors Weigh In On Rogers Communication

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in Rogers Communication by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 571 shares during the period. State of Tennessee Department of Treasury lifted its holdings in shares of Rogers Communication 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. Lindbrook Capital LLC boosted its position in shares of Rogers Communication by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider’s stock worth $47,000 after buying an additional 744 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of Rogers Communication by 885.4% during 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. Finally, V Square Quantitative Management LLC raised its position in Rogers Communication by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock valued at $178,000 after buying an additional 930 shares during the period. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communication Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be issued a $0.3611 dividend. This is an increase from Rogers Communication’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Monday, June 9th. Rogers Communication’s payout ratio is presently 62.66%.

About Rogers Communication

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.