RCI FY2025 EPS Forecast Lowered by National Bank Financial

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Rogers Communications in a research report issued on Thursday, January 2nd. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will earn $2.65 per share for the year, down from their prior forecast of $2.94. The consensus estimate for Rogers Communications’ current full-year earnings is $3.56 per share. National Bank Financial also issued estimates for Rogers Communications’ FY2026 earnings at $2.95 EPS.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.35. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $3.79 billion. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. Rogers Communications’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share.

A number of other equities research analysts have also recently commented on RCI. TD Securities increased their price target on Rogers Communications from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Morgan Stanley started coverage on shares of Rogers Communications in a research report on Monday, December 16th. They issued an “underweight” rating for the company. Finally, BMO Capital Markets boosted their target price on shares of Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.75.

Rogers Communications Stock Up 0.9 %

Rogers Communications stock opened at $31.04 on Monday. Rogers Communications has a 1-year low of $29.91 and a 1-year high of $48.19. The business has a fifty day moving average price of $34.00 and a 200-day moving average price of $37.15. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.68 and a quick ratio of 0.64. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.06 and a beta of 0.69.

Institutional Investors Weigh In On Rogers Communications

A number of large investors have recently bought and sold shares of RCI. Cromwell Holdings LLC acquired a new stake in Rogers Communications during the 3rd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its position in Rogers Communications by 110.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 522 shares during the period. Grove Bank & Trust boosted its holdings in Rogers Communications by 41.0% in the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider’s stock valued at $42,000 after purchasing an additional 302 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Rogers Communications during the 2nd quarter worth about $55,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Rogers Communications during the 3rd quarter valued at about $203,000. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were issued a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Monday, December 9th. Rogers Communications’s dividend payout ratio (DPR) is 71.71%.

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.