National Bank Financial Estimates RCI FY2025 Earnings

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – National Bank Financial dropped their FY2025 earnings estimates for Rogers Communications in a report released on Thursday, January 2nd. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will earn $2.65 per share for the year, down from their previous estimate of $2.94. 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 $2.95 EPS.

RCI has been the subject of several other 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 report on Thursday, September 19th. BMO Capital Markets increased their price objective on Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Finally, Morgan Stanley assumed coverage on shares of Rogers Communications in a report on Monday, December 16th. They set an “underweight” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Rogers Communications presently has an average rating of “Hold” and an average target price of $61.75.

Rogers Communications Stock Up 1.5 %

Shares of NYSE RCI opened at $30.84 on Monday. The firm has a fifty day simple moving average of $34.24 and a two-hundred day simple moving average of $37.25. The firm has a market capitalization of $16.48 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.06 and a beta of 0.69. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35. Rogers Communications has a 12 month low of $29.91 and a 12 month high of $48.19.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.35. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The firm had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was up .7% compared to the same quarter last year.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $0.3611 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.68%. Rogers Communications’s dividend payout ratio is currently 71.71%.

Hedge Funds Weigh In On Rogers Communications

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Rogers Communications by 0.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,728,836 shares of the Wireless communications provider’s stock valued at $69,516,000 after purchasing an additional 15,609 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Rogers Communications by 25.7% during the third quarter. Franklin Resources Inc. now owns 10,900 shares of the Wireless communications provider’s stock valued at $423,000 after acquiring an additional 2,232 shares in the last quarter. Tidal Investments LLC purchased a new position in Rogers Communications in the 3rd quarter worth approximately $248,000. Geode Capital Management LLC raised its holdings in Rogers Communications by 10.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,633,981 shares of the Wireless communications provider’s stock worth $66,176,000 after acquiring an additional 156,217 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Rogers Communications in the 3rd quarter valued at approximately $2,559,000. Hedge funds and other institutional investors own 45.49% of the company’s stock.

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.