Desjardins Has Negative Outlook of TSE:RCI FY2025 Earnings

Rogers Communications (TSE:RCI) – Investment analysts at Desjardins dropped their FY2025 earnings estimates for shares of Rogers Communications in a report released on Wednesday, October 16th. Desjardins analyst J. Dubreuil now expects that the company will earn $5.15 per share for the year, down from their prior forecast of $5.17.

Rogers Communications (TSE:RCI) last released its earnings results on Wednesday, July 24th. The company reported C$1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.04. The company had revenue of C$5.09 billion during the quarter, compared to analysts’ expectations of C$5.11 billion.

Separately, Canaccord Genuity Group downgraded shares of Rogers Communications from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 25th.

Rogers Communications Price Performance

Rogers Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 9th were given a dividend of $0.50 per share. The ex-dividend date was Monday, September 9th. This represents a $2.00 annualized dividend and a dividend yield of ∞.