FY2025 EPS Estimate for Rogers Communications Cut by Analyst

Rogers Communications Inc. (NYSE:RCIFree Report) (TSE:RCI.B) – National Bank Financial reduced their FY2025 earnings estimates for shares of Rogers Communications in a research report issued to clients and investors on Thursday, December 12th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will earn $2.94 per share for the year, down from their prior estimate 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:RCIGet Free Report) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.35. The company had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. Rogers Communications’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 earnings per share.

RCI has been the subject of several other research reports. TD Securities raised their price objective on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. BMO Capital Markets lifted their price target on shares of Rogers Communications from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Finally, Morgan Stanley started coverage on shares of Rogers Communications in a research report on Monday. They set an “underweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.75.

Read Our Latest Stock Analysis on Rogers Communications

Rogers Communications Stock Down 4.5 %

Shares of NYSE:RCI opened at $31.90 on Monday. Rogers Communications has a 1 year low of $31.89 and a 1 year high of $48.19. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.68 and a quick ratio of 0.64. The business’s 50-day moving average is $36.41 and its 200-day moving average is $38.05. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.06 and a beta of 0.67.

Hedge Funds Weigh In On Rogers Communications

Several large investors have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. increased its holdings in Rogers Communications by 2.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 11,501,927 shares of the Wireless communications provider’s stock worth $425,341,000 after purchasing an additional 288,614 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Rogers Communications by 10.2% during the second quarter. Mackenzie Financial Corp now owns 10,563,054 shares of the Wireless communications provider’s stock worth $390,738,000 after buying an additional 974,937 shares in the last quarter. Toronto Dominion Bank raised its position in Rogers Communications by 53.9% in the 2nd quarter. Toronto Dominion Bank now owns 6,303,371 shares of the Wireless communications provider’s stock valued at $233,099,000 after buying an additional 2,206,690 shares during the last quarter. National Bank of Canada FI lifted its stake in Rogers Communications by 18.6% during the 3rd quarter. National Bank of Canada FI now owns 6,239,553 shares of the Wireless communications provider’s stock valued at $250,886,000 after acquiring an additional 977,924 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Rogers Communications by 371.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,053,559 shares of the Wireless communications provider’s stock valued at $203,334,000 after acquiring an additional 3,980,525 shares in the last quarter. Institutional investors 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 Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.3611 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 4.53%. Rogers Communications’s payout ratio is 71.71%.

Rogers Communications Company Profile

(Get Free Report)

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.

Recommended Stories

Earnings History and Estimates for Rogers Communications (NYSE:RCI)

Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter.