What is Scotiabank’s Forecast for RCI FY2026 Earnings?

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at Scotiabank raised their FY2026 earnings per share estimates for Rogers Communication in a report released on Tuesday, July 15th. Scotiabank analyst M. Yaghi now forecasts that the Wireless communications provider will post earnings per share of $3.53 for the year, up from their prior estimate of $3.49. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.57 per share.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.02). The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Rogers Communication had a net margin of 8.53% and a return on equity of 25.28%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

A number of other research analysts also recently commented on RCI. Canaccord Genuity Group raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Rogers Communication in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.00.

Rogers Communication Stock Down 0.5%

RCI stock opened at $32.93 on Friday. The stock has a market cap of $17.72 billion, a P/E ratio of 14.13, a PEG ratio of 1.81 and a beta of 0.76. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 3.97. Rogers Communication has a twelve month low of $23.18 and a twelve month high of $41.84. The company’s 50 day moving average is $28.54 and its two-hundred day moving average is $27.72.

Hedge Funds Weigh In On Rogers Communication

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its position in Rogers Communication by 885.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 850 shares during the period. Versant Capital Management Inc acquired a new position in Rogers Communication in the 1st quarter valued at about $79,000. Parallel Advisors LLC increased its position in Rogers Communication by 176.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider’s stock worth $86,000 after purchasing an additional 1,847 shares during the period. CWM LLC lifted its holdings in shares of Rogers Communication by 57.4% in the 1st quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider’s stock valued at $100,000 after buying an additional 1,363 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rogers Communication by 48.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,231 shares of the Wireless communications provider’s stock valued at $113,000 after buying an additional 1,389 shares during the period. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communication Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 9th were given a $0.3611 dividend. This represents a $1.44 annualized dividend and a yield of 4.39%. The ex-dividend date was Monday, June 9th. This is a boost from Rogers Communication’s previous quarterly dividend of $0.35. Rogers Communication’s payout ratio is 62.66%.

Rogers Communication 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.