Rogers Communication (NYSE:RCI) Releases Earnings Results, Beats Estimates By $0.01 EPS

Rogers Communication (NYSE:RCI) (TSE:RCI.B) released its earnings results on Wednesday. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, Zacks reports. Rogers Communication had a net margin of 32.00% and a return on equity of 12.48%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the company earned $0.99 EPS. Rogers Communication’s quarterly revenue was up 10.2% compared to the same quarter last year.

Here are the key takeaways from Rogers Communication’s conference call:

• Rogers cut planned 2026 capital spending by roughly 30% to CAD 2.5–2.7 billion, targeting a ~12% capital intensity and raising full?year free cash flow guidance to CAD 4.1–4.3 billion, implying ~CAD 800 million of incremental FCF versus 2025.
• Wireless finished Q1 with ~33,000 net adds and improved margins (+40 bps to 65%), but mobile phone ARPU declined to CAD 55.60 (down ~2.4%) amid industry promotional pressure.
• Rogers Sports & Media revenue jumped ~82% to ~CAD 1 billion and EBITDA improved to breakeven; management plans to buy the remaining 25% of MLSE, combine assets and sell a minority stake in an entity they value at >CAD 25 billion to unlock value and fund debt reduction.
• Balance sheet momentum: net leverage fell to 3.8x, liquidity of ~CAD 6 billion (CAD 1.4B cash + CAD 4.6B facilities), and the company issued CAD 2.3 billion of subordinated notes while planning accelerated debt paydown.
• Management says regulatory policy is disincentivizing investment, leading to permanently lower run?rate CapEx via project cancellations, deferrals and efficiency moves, and it expects some restructuring costs — a potential long?term headwind to network expansion and growth.

Rogers Communication Stock Down 3.1%

RCI traded down $1.17 during trading on Friday, hitting $36.18. 625,877 shares of the company’s stock were exchanged, compared to its average volume of 1,256,678. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $37.47 and its two-hundred day moving average is $37.41. Rogers Communication has a fifty-two week low of $24.67 and a fifty-two week high of $41.14. The stock has a market cap of $19.54 billion, a P/E ratio of 3.81, a PEG ratio of 6.40 and a beta of 0.72.

Rogers Communication Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 9th. This represents a $2.00 annualized dividend and a yield of 5.5%. Rogers Communication’s dividend payout ratio is presently 15.89%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RCI. Manchester Capital Management LLC purchased a new stake in shares of Rogers Communication in the fourth quarter valued at about $26,000. Headlands Technologies LLC raised its holdings in shares of Rogers Communication by 143.2% in the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after purchasing an additional 978 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Rogers Communication in the third quarter valued at about $63,000. Danske Bank A S purchased a new stake in shares of Rogers Communication in the third quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 683 shares during the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Rogers Communication from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Scotiabank upgraded shares of Rogers Communication from a “hold” rating to an “outperform” rating in a research report on Thursday. TD Securities downgraded shares of Rogers Communication from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Barclays reiterated a “positive” rating and set a $37.00 target price on shares of Rogers Communication in a research report on Tuesday, January 27th. Finally, TD Cowen restated a “buy” rating on shares of Rogers Communication in a report on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Rogers Communication presently has a consensus rating of “Hold” and a consensus price target of $36.00.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.