Scotiabank Equities Analysts Cut Earnings Estimates for RCI

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for Rogers Communication in a research note issued to investors on Tuesday, July 7th. Scotiabank analyst M. Yaghi now forecasts that the Wireless communications provider will post earnings of $3.46 per share for the year, down from their previous forecast of $3.92. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.45 per share.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Wednesday, April 22nd. The Wireless communications provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Rogers Communication had a return on equity of 12.11% and a net margin of 32.00%.The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis.

A number of other research firms have also weighed in on RCI. Desjardins reiterated a “hold” rating on shares of Rogers Communication in a research note on Thursday, April 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Rogers Communication in a research note on Wednesday, June 17th. Finally, TD Securities downgraded shares of Rogers Communication from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.00.

Rogers Communication Price Performance

RCI opened at $32.78 on Thursday. The business has a fifty day moving average of $36.24 and a 200 day moving average of $36.88. Rogers Communication has a 52-week low of $31.38 and a 52-week high of $41.14. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 1.43. The stock has a market cap of $17.71 billion, a P/E ratio of 3.46, a PEG ratio of 3.85 and a beta of 0.64.

Rogers Communication Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Tuesday, June 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $2.00 annualized dividend and a yield of 6.1%. Rogers Communication’s dividend payout ratio is 15.30%.

Institutional Investors Weigh In On Rogers Communication

Institutional investors and hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in shares of Rogers Communication in the 4th quarter worth $26,000. Farther Finance Advisors LLC increased its stake in shares of Rogers Communication by 107.4% during the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 407 shares during the period. Headlands Technologies LLC increased its stake in shares of Rogers Communication by 143.2% during the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after buying an additional 978 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Rogers Communication in the third quarter valued at about $58,000. 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 acquiring an additional 683 shares in the last quarter. 45.49% of the stock is owned by institutional investors.

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.