National Bank Financial Analysts Increase Earnings Estimates for Rogers Communications Inc. (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of Rogers Communications in a research note issued to investors on Monday, September 30th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will post earnings of $3.57 per share for the year, up from their previous forecast of $3.55. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share.

RCI has been the subject of a number of other research reports. StockNews.com raised shares of Rogers Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Canaccord Genuity Group lowered shares of Rogers Communications from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Canaccord Genuity Group reiterated a “hold” rating and issued a $57.00 price target (down previously from $59.00) on shares of Rogers Communications in a report on Thursday, July 25th. TD Securities upped their price objective on Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, BMO Capital Markets increased their target price on Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Rogers Communications currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Rogers Communications Price Performance

RCI stock opened at $39.38 on Wednesday. Rogers Communications has a 52-week low of $35.55 and a 52-week high of $48.19. The stock’s fifty day simple moving average is $39.82 and its 200-day simple moving average is $39.15. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 3.58. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 49.23, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.33. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.14 billion. Rogers Communications had a return on equity of 23.15% and a net margin of 4.28%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RCI. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Rogers Communications during the 2nd quarter valued at $9,589,000. Brandes Investment Partners LP increased its position in shares of Rogers Communications by 45.1% during the second quarter. Brandes Investment Partners LP now owns 37,273 shares of the Wireless communications provider’s stock worth $1,378,000 after acquiring an additional 11,591 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Rogers Communications by 110.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 522 shares during the last quarter. Creative Planning lifted its stake in shares of Rogers Communications by 50.8% in the second quarter. Creative Planning now owns 21,796 shares of the Wireless communications provider’s stock worth $806,000 after acquiring an additional 7,338 shares in the last quarter. Finally, Lighthouse Investment Partners LLC boosted its holdings in Rogers Communications by 226.9% in the second quarter. Lighthouse Investment Partners LLC now owns 15,970 shares of the Wireless communications provider’s stock valued at $590,000 after purchasing an additional 11,084 shares during the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 9th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 3.71%. The ex-dividend date is Monday, September 9th. Rogers Communications’s dividend payout ratio (DPR) is presently 185.00%.

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.