FY2025 Earnings Estimate for RCI Issued By Desjardins

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at Desjardins raised their FY2025 EPS estimates for Rogers Communications in a report released on Wednesday, April 23rd. Desjardins analyst J. Dubreuil now anticipates that the Wireless communications provider will post earnings of $3.29 per share for the year, up from their prior estimate of $3.26. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share.

A number of other equities analysts also recently weighed in on RCI. Bank of America downgraded shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Barclays restated an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Scotiabank lowered Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, April 1st. Finally, Canaccord Genuity Group upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.00.

Rogers Communications Stock Up 0.7 %

Shares of NYSE RCI opened at $25.68 on Monday. Rogers Communications has a 12-month low of $23.18 and a 12-month high of $41.84. The firm’s 50-day simple moving average is $26.58 and its 200 day simple moving average is $30.50. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.02). The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS.

Institutional Investors Weigh In On Rogers Communications

Institutional investors have recently made changes to their positions in the stock. FIL Ltd boosted its holdings in Rogers Communications 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 buying an additional 2,244,240 shares during the last quarter. Bank of Nova Scotia boosted its stake in Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider’s stock worth $237,784,000 after acquiring an additional 1,320,200 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Rogers Communications by 123.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider’s stock valued at $206,565,000 after purchasing an additional 3,717,487 shares during the period. Letko Brosseau & Associates Inc. raised its holdings in Rogers Communications by 23.5% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 5,210,380 shares of the Wireless communications provider’s stock worth $160,094,000 after purchasing an additional 992,780 shares during the period. Finally, Scotia Capital Inc. raised its holdings in Rogers Communications by 18.3% in the fourth quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider’s stock worth $113,217,000 after purchasing an additional 572,270 shares during the period. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Increases Dividend

The business also recently declared 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 Communications’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Monday, June 9th. Rogers Communications’s dividend payout ratio (DPR) is currently 59.66%.

About Rogers Communications

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.