Cormark Lowers Earnings Estimates for Rogers Communications

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at Cormark decreased their FY2025 earnings per share estimates for shares of Rogers Communications in a research note issued to investors on Friday, January 31st. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will earn $3.45 per share for the year, down from their previous estimate of $3.73. The consensus estimate for Rogers Communications’ current full-year earnings is $3.47 per share. Cormark also issued estimates for Rogers Communications’ FY2026 earnings at $3.58 EPS.

Other equities research analysts have also recently issued reports about the stock. Bank of America downgraded Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Finally, Morgan Stanley started coverage on shares of Rogers Communications in a research report on Monday, December 16th. They issued an “underweight” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Rogers Communications currently has a consensus rating of “Hold” and an average target price of $61.75.

Rogers Communications Stock Down 4.0 %

Shares of Rogers Communications stock opened at $27.48 on Monday. Rogers Communications has a twelve month low of $27.45 and a twelve month high of $48.08. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35. The business’s 50 day simple moving average is $31.35 and its 200-day simple moving average is $36.11. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.07 and a beta of 0.69.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 10th will be issued a $0.347 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.39 annualized dividend and a yield of 5.05%. Rogers Communications’s dividend payout ratio (DPR) is currently 68.78%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RCI. The Manufacturers Life Insurance Company increased its position in shares of Rogers Communications by 371.0% during the third quarter. The Manufacturers Life Insurance Company now owns 5,053,559 shares of the Wireless communications provider’s stock valued at $203,334,000 after purchasing an additional 3,980,525 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $5,383,000 after buying an additional 68,971 shares during the period. Avanza Fonder AB acquired a new position in shares of Rogers Communications in the 4th quarter valued at $718,000. MQS Management LLC bought a new position in shares of Rogers Communications during the 3rd quarter worth about $726,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Rogers Communications by 1,046.8% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 599,476 shares of the Wireless communications provider’s stock valued at $24,101,000 after acquiring an additional 547,201 shares in the last quarter. 45.49% of the stock is owned by institutional investors.

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.