Rogers Communications Inc. to Post FY2025 Earnings of $3.57 Per Share, National Bank Financial Forecasts (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – National Bank Financial increased their FY2025 EPS estimates for Rogers Communications in a research note issued to investors on Monday, September 30th. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings of $3.57 per share for the year, up from their previous forecast of $3.55. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Wednesday, July 24th. The Wireless communications provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.83 by $0.33. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.14 billion. Rogers Communications had a return on equity of 23.15% and a net margin of 4.28%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share.

Several other research firms have also recently commented on RCI. Canaccord Genuity Group restated a “hold” rating and issued a $57.00 target price (down from $59.00) on shares of Rogers Communications in a research report on Thursday, July 25th. Canaccord Genuity Group lowered Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Rogers Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. TD Securities increased their target price on shares of Rogers Communications from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, BMO Capital Markets boosted their price target on shares of Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Rogers Communications currently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

Rogers Communications Price Performance

Shares of NYSE:RCI opened at $39.38 on Wednesday. The firm’s 50 day moving average is $39.82 and its two-hundred day moving average is $39.15. The firm has a market capitalization of $20.87 billion, a P/E ratio of 49.23, a PEG ratio of 1.06 and a beta of 0.67. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 3.58. Rogers Communications has a 52 week low of $35.55 and a 52 week high of $48.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its stake in shares of Rogers Communications by 53.9% during the 2nd quarter. Toronto Dominion Bank now owns 6,303,371 shares of the Wireless communications provider’s stock worth $233,099,000 after acquiring an additional 2,206,690 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Rogers Communications by 37.5% in the 1st quarter. National Bank of Canada FI now owns 5,570,690 shares of the Wireless communications provider’s stock valued at $220,193,000 after purchasing an additional 1,519,894 shares during the period. 1832 Asset Management L.P. increased its stake in Rogers Communications by 10.2% in the 4th quarter. 1832 Asset Management L.P. now owns 12,707,709 shares of the Wireless communications provider’s stock worth $594,848,000 after purchasing an additional 1,177,264 shares in the last quarter. Mackenzie Financial Corp increased its stake in Rogers Communications by 10.2% in the 2nd quarter. Mackenzie Financial Corp now owns 10,563,054 shares of the Wireless communications provider’s stock worth $390,738,000 after purchasing an additional 974,937 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Rogers Communications by 22.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,544,016 shares of the Wireless communications provider’s stock valued at $165,895,000 after buying an additional 660,486 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 9th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $1.46 annualized dividend and a dividend yield of 3.71%. Rogers Communications’s dividend payout ratio (DPR) is 185.00%.

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.