Cormark Predicts Weaker Earnings for Rogers Communications

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Cormark decreased their FY2025 EPS estimates for shares of Rogers Communications in a report issued on Thursday, January 9th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will earn $3.73 per share for the year, down from their previous forecast of $3.75. The consensus estimate for Rogers Communications’ current full-year earnings is $3.56 per share.

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

RCI has been the subject of several other reports. TD Securities lifted their target price on shares of Rogers Communications from $73.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Morgan Stanley started coverage on shares of Rogers Communications in a report on Monday, December 16th. They issued an “underweight” rating for the company. Finally, BMO Capital Markets increased their target price on shares of Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.75.

Rogers Communications Stock Down 5.1 %

Shares of RCI stock opened at $28.97 on Monday. Rogers Communications has a twelve month low of $28.95 and a twelve month high of $48.19. The stock has a market cap of $15.48 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.06 and a beta of 0.69. The stock has a 50 day moving average of $33.62 and a 200 day moving average of $36.99. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35.

Institutional Trading of Rogers Communications

A number of institutional investors have recently made changes to their positions in RCI. Acadian Asset Management LLC purchased a new position in Rogers Communications in the 2nd quarter valued at $55,000. American Century Companies Inc. lifted its stake in shares of Rogers Communications by 9.7% in the second quarter. American Century Companies Inc. now owns 68,679 shares of the Wireless communications provider’s stock worth $2,540,000 after buying an additional 6,099 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Rogers Communications by 1.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,521,446 shares of the Wireless communications provider’s stock worth $56,071,000 after acquiring an additional 21,060 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Rogers Communications by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 604,138 shares of the Wireless communications provider’s stock worth $22,341,000 after acquiring an additional 33,930 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in Rogers Communications during the 2nd quarter valued at about $867,000. 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 was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a dividend of $0.3611 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 4.99%. Rogers Communications’s dividend payout ratio (DPR) is presently 68.78%.

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.