RCI FY2025 EPS Forecast Increased by National Bank Financial

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of Rogers Communication in a research note issued on Thursday, June 12th. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings of $3.43 per share for the year, up from their prior 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 posted its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.02). The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $4.96 billion. Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share.

A number of other brokerages have also weighed in on RCI. Canaccord Genuity Group upgraded Rogers Communication from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. Scotiabank cut Rogers Communication from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rogers Communication currently has a consensus rating of “Hold” and a consensus target price of $67.00.

Rogers Communication Stock Performance

NYSE:RCI 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 stock has a market cap of $14.70 billion, a P/E ratio of 11.77, a PEG ratio of 1.54 and a beta of 0.73. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.00 and a quick ratio of 0.94. The firm has a 50-day moving average of $25.91 and a two-hundred day moving average of $27.95.

Hedge Funds Weigh In On Rogers Communication

A number of hedge funds have recently added to or reduced their stakes in the business. APG Asset Management N.V. bought a new position in shares of Rogers Communication in the 4th quarter worth about $3,303,000. FIL Ltd raised its stake in Rogers Communication by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider’s stock worth $1,028,336,000 after acquiring an additional 2,244,240 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in Rogers Communication by 180.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider’s stock worth $10,560,000 after acquiring an additional 221,628 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Rogers Communication by 57.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider’s stock valued at $6,457,000 after acquiring an additional 76,373 shares during the period. Finally, Polar Asset Management Partners Inc. boosted its stake in Rogers Communication by 239.5% in the fourth quarter. Polar Asset Management Partners Inc. now owns 42,500 shares of the Wireless communications provider’s stock valued at $1,306,000 after acquiring an additional 29,982 shares during the period. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communication Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be given a $0.3611 dividend. This is a positive change from Rogers Communication’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, June 9th. This represents a $1.44 annualized dividend and a dividend yield of 5.27%. Rogers Communication’s dividend payout ratio (DPR) 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.