Rogers Communication, Inc. (NYSE:RCI – Free Report) (TSE:RCI.B) – Investment analysts at Scotiabank raised their FY2026 earnings estimates for Rogers Communication in a note issued to investors on Thursday, September 17th. Scotiabank analyst M. Yaghi now forecasts that the Wireless communications provider will post earnings of $3.32 per share for the year, up from their prior forecast of $3.30. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.29 per share.
Rogers Communication (NYSE:RCI – Get Free Report) (TSE:RCI.B) last announced its earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business earned $1.14 earnings per share. Rogers Communication’s quarterly revenue was up 7.6% on a year-over-year basis.
Check Out Our Latest Stock Report on Rogers Communication
Rogers Communication Stock Down 2.1%
Shares of NYSE RCI opened at $34.35 on Monday. Rogers Communication has a 52-week low of $31.38 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a market cap of $18.56 billion, a P/E ratio of 4.15, a P/E/G ratio of 4.35 and a beta of 0.66. The firm has a 50 day moving average price of $35.39 and a 200 day moving average price of $36.04.
Rogers Communication Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 8th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 5.8%. Rogers Communication’s dividend payout ratio is 17.39%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Rogers Communication by 39.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,689 shares of the Wireless communications provider’s stock worth $101,000 after buying an additional 761 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Rogers Communication by 1,314.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,337 shares of the Wireless communications provider’s stock worth $126,000 after acquiring an additional 3,101 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Rogers Communication by 10.2% during the 1st quarter. Parallel Advisors LLC now owns 3,377 shares of the Wireless communications provider’s stock worth $130,000 after acquiring an additional 312 shares in the last quarter. Oslo Pensjonsforsikring AS bought a new position in Rogers Communication in the first quarter valued at approximately $180,000. Finally, Cary Street Partners Financial LLC bought a new position in Rogers Communication in the fourth quarter valued at approximately $195,000. 45.49% of the stock is owned by institutional investors and hedge funds.
About Rogers Communication
Rogers Communications Inc is a Canadian communications and media company headquartered in Toronto, Ontario. Through its wireless and cable businesses, the company provides mobile voice and data services, high-speed internet, television, home phone and related connectivity services to consumers, businesses and public-sector organizations across Canada.
Rogers also operates media and entertainment businesses, including Sportsnet television and digital networks, radio stations and related publishing and digital properties.
Featured Articles
- Five stocks we like better than Rogers Communication
- Can Bloom Energy Pop the Top Off AI’s Massive Energy Bottleneck?
- Coach’s Momentum Powers Tapestry Despite the Stock’s Sharp Pullback
- AI Is Reshaping SaaS—These 2 Software ETFs Offer Different Ways to Play It
- Insiders Signal Deep Value In DICK’s Sporting Goods
Receive News & Ratings for Rogers Communication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communication and related companies with MarketBeat.com's FREE daily email newsletter.
