RCI FY2025 EPS Lowered by National Bank Financial

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Research analysts at National Bank Financial reduced their FY2025 earnings per share estimates for Rogers Communications in a report released on Thursday, December 12th. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will earn $2.94 per share for the year, down from their previous forecast of $3.01. The consensus estimate for Rogers Communications’ current full-year earnings is $3.56 per share. National Bank Financial also issued estimates for Rogers Communications’ FY2026 earnings at $3.20 EPS.

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

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Rogers Communications from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. TD Securities upped their target price on Rogers Communications from $73.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

Rogers Communications Stock Down 0.9 %

RCI stock opened at $33.39 on Monday. The firm has a fifty day moving average price of $36.54 and a two-hundred day moving average price of $38.11. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.68 and a quick ratio of 0.64. Rogers Communications has a 1-year low of $33.10 and a 1-year high of $48.19. The firm has a market cap of $17.85 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.06 and a beta of 0.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Grove Bank & Trust raised its holdings in shares of 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 buying an additional 302 shares during the last quarter. Creative Planning increased its position in Rogers Communications by 2.2% in the 3rd quarter. Creative Planning now owns 22,282 shares of the Wireless communications provider’s stock valued at $896,000 after acquiring an additional 486 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Rogers Communications by 110.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 522 shares in the last quarter. Verition Fund Management LLC boosted its position in Rogers Communications by 7.9% during the 3rd quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider’s stock worth $301,000 after acquiring an additional 551 shares during the period. Finally, State Street Corp grew 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 in the last quarter. Institutional investors own 45.49% of the company’s stock.

Rogers Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a $0.3611 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 4.33%. Rogers Communications’s dividend payout ratio is presently 72.20%.

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.