Research Analysts Set Expectations for Rogers Communications Inc.’s FY2025 Earnings (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Stock analysts at National Bank Financial reduced their FY2025 earnings estimates for Rogers Communications in a research report issued on Wednesday, April 24th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will post earnings of $3.51 per share for the year, down from their prior forecast of $3.56. 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 earnings results on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Rogers Communications had a net margin of 2.90% and a return on equity of 21.71%.

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

Rogers Communications Trading Down 0.2 %

Shares of Rogers Communications stock opened at $37.95 on Friday. The firm has a 50-day simple moving average of $41.67 and a two-hundred day simple moving average of $43.12. The company has a market cap of $20.06 billion, a P/E ratio of 47.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.59. Rogers Communications has a fifty-two week low of $36.55 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.84 and a current ratio of 0.89.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of Rogers Communications by 62.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 270 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Rogers Communications during the 3rd quarter worth about $29,000. Fifth Third Bancorp raised its position in shares of Rogers Communications by 120.1% during the 4th quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 359 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Rogers Communications by 120.8% during the 4th quarter. Lindbrook Capital LLC now owns 912 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 499 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Rogers Communications during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 10th will be given a dividend of $0.3658 per share. The ex-dividend date is Monday, June 10th. This represents a $1.46 annualized dividend and a dividend yield of 3.86%. Rogers Communications’s dividend payout ratio (DPR) is presently 183.75%.

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.