What is Cormark’s Estimate for RCI FY2026 Earnings?

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Research analysts at Cormark lifted their FY2026 earnings per share (EPS) estimates for Rogers Communications in a report released on Wednesday, April 2nd. Cormark analyst D. Mcfadgen now forecasts that the Wireless communications provider will earn $3.69 per share for the year, up from their previous estimate of $3.58. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%.

A number of other equities research analysts have also recently issued reports on RCI. Bank of America cut shares of Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Canaccord Genuity Group upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research note on Friday. Scotiabank downgraded Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday. Morgan Stanley started coverage on Rogers Communications in a research note on Monday, December 16th. They issued an “underweight” rating on the stock. Finally, Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Rogers Communications currently has a consensus rating of “Hold” and an average price target of $61.75.

Rogers Communications Stock Performance

NYSE RCI opened at $25.85 on Friday. The firm has a market capitalization of $13.86 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The firm’s fifty day moving average price is $27.72 and its two-hundred day moving average price is $32.43. Rogers Communications has a 1 year low of $24.76 and a 1 year high of $41.84.

Rogers Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were issued a $0.347 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications’s dividend payout ratio is 59.48%.

Institutional Investors Weigh In On Rogers Communications

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Rogers Communications by 106.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider’s stock worth $5,383,000 after purchasing an additional 68,971 shares in the last quarter. FMR LLC increased its holdings in shares of Rogers Communications by 2.8% during the third quarter. FMR LLC now owns 2,496,298 shares of the Wireless communications provider’s stock worth $100,372,000 after purchasing an additional 68,759 shares during the period. BNP Paribas Financial Markets raised its position in shares of Rogers Communications by 107.3% in the third quarter. BNP Paribas Financial Markets now owns 37,436 shares of the Wireless communications provider’s stock valued at $1,505,000 after buying an additional 19,378 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in Rogers Communications during the third quarter worth approximately $305,000. Finally, Verition Fund Management LLC increased its stake 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. Institutional investors and hedge funds own 45.49% of the company’s stock.

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.