Cormark Comments on Rogers Communications Inc.’s FY2025 Earnings (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at Cormark dropped their FY2025 earnings estimates for shares of Rogers Communications in a note issued to investors on Monday, April 15th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will post earnings of $4.45 per share for the year, down from their prior estimate of $4.54. The consensus estimate for Rogers Communications’ current full-year earnings is $3.60 per share.

A number of other analysts also recently issued reports on RCI. StockNews.com downgraded Rogers Communications from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Barclays lowered their price objective on Rogers Communications from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

Rogers Communications Trading Up 0.5 %

NYSE:RCI opened at $37.89 on Tuesday. Rogers Communications has a 12 month low of $36.55 and a 12 month high of $50.00. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 3.81. The firm’s 50 day moving average is $42.63 and its 200 day moving average is $43.11. The stock has a market capitalization of $20.03 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.62 and a beta of 0.59.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, February 1st. The Wireless communications provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Rogers Communications had a net margin of 4.38% and a return on equity of 22.17%. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.99 billion.

Rogers Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were issued a dividend of $0.3742 per share. This is a boost from Rogers Communications’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.50 dividend on an annualized basis and a yield of 3.95%. Rogers Communications’s payout ratio is presently 122.50%.

Hedge Funds Weigh In On Rogers Communications

A number of large investors have recently made changes to their positions in the stock. Gulf International Bank UK Ltd raised its stake in shares of Rogers Communications by 13.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 2,720 shares of the Wireless communications provider’s stock valued at $111,000 after purchasing an additional 322 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Rogers Communications by 73.5% in the fourth quarter. Wellington Management Group LLP now owns 17,534 shares of the Wireless communications provider’s stock worth $825,000 after buying an additional 7,430 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Rogers Communications by 22.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,544,016 shares of the Wireless communications provider’s stock valued at $165,895,000 after acquiring an additional 660,486 shares during the period. V Square Quantitative Management LLC purchased a new position in Rogers Communications during the fourth quarter valued at approximately $228,000. Finally, FIL Ltd increased its holdings in Rogers Communications by 13.7% during the 4th quarter. FIL Ltd now owns 36,514,749 shares of the Wireless communications provider’s stock worth $1,709,377,000 after acquiring an additional 4,405,888 shares during the period. 45.49% of the stock is owned by institutional investors.

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.