Cormark Forecasts Reduced Earnings for Rogers Communications

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Analysts at Cormark decreased their FY2025 earnings per share (EPS) estimates for shares of Rogers Communications in a report issued on Thursday, January 9th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will earn $3.73 per share for the year, down from their previous estimate of $3.75. The consensus estimate for Rogers Communications’ current full-year earnings is $3.56 per share.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.35. The business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets lifted their price target on shares of Rogers Communications from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. TD Securities upped their price target on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Morgan Stanley assumed coverage on Rogers Communications in a research note on Monday, December 16th. They issued an “underweight” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.75.

Rogers Communications Stock Up 1.2 %

Shares of NYSE RCI opened at $29.34 on Monday. The company has a market cap of $15.68 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.06 and a beta of 0.69. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35. Rogers Communications has a 12 month low of $28.89 and a 12 month high of $48.19. The stock has a 50-day moving average price of $33.47 and a two-hundred day moving average price of $36.94.

Institutional Investors Weigh In On Rogers Communications

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC acquired a new position in shares of Rogers Communications in the 3rd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. raised its stake in Rogers Communications by 110.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 522 shares during the last quarter. Grove Bank & Trust boosted its position in Rogers Communications by 41.0% during the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider’s stock valued at $42,000 after acquiring an additional 302 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Rogers Communications during the second quarter worth approximately $55,000. Finally, Nexus Investment Management ULC bought a new position in Rogers Communications during the third quarter worth $203,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a $0.3611 dividend. This represents a $1.44 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Monday, December 9th. Rogers Communications’s dividend payout ratio (DPR) is currently 68.78%.

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.