What is Cormark’s Forecast for RCI FY2025 Earnings?

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at Cormark boosted their FY2025 earnings per share estimates for shares of Rogers Communications in a report released on Wednesday, April 2nd. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will post earnings per share of $3.52 for the year, up from their prior estimate of $3.45. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, beating the consensus estimate 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 research analysts also recently weighed in on RCI. Scotiabank downgraded shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, April 1st. Bank of America cut Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Morgan Stanley assumed coverage on Rogers Communications in a report on Monday, December 16th. They issued an “underweight” rating on the stock. Finally, Canaccord Genuity Group upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.75.

Rogers Communications Stock Performance

Shares of NYSE RCI opened at $25.85 on Monday. The firm’s 50-day moving average price is $27.72 and its 200-day moving average price is $32.32. Rogers Communications has a 52-week low of $24.76 and a 52-week high of $41.84. The company has a market cap of $13.86 billion, a PE ratio of 11.14, a PEG ratio of 1.43 and a beta of 0.67. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67.

Institutional Trading of Rogers Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC grew its stake in shares of Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 744 shares during the period. Jones Financial Companies Lllp lifted its holdings in Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider’s stock valued at $55,000 after purchasing an additional 1,052 shares in the last quarter. Versant Capital Management Inc purchased a new position in Rogers Communications during the first quarter valued at approximately $79,000. Headlands Technologies LLC boosted its position in shares of Rogers Communications by 274.2% in the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider’s stock worth $163,000 after purchasing an additional 3,888 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of Rogers Communications by 19.1% in the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock worth $178,000 after purchasing an additional 930 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Rogers Communications Cuts Dividend

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

Rogers Communications Company Profile

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.