Scotiabank Research Analysts Lift Earnings Estimates for RCI

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Analysts at Scotiabank upped their FY2025 earnings per share estimates for shares of Rogers Communications in a note issued to investors on Sunday, April 13th. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will post earnings per share of $3.57 for the year, up from their prior estimate of $3.22. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share. Scotiabank also issued estimates for Rogers Communications’ FY2026 earnings at $3.40 EPS.

RCI has been the topic of a number of other research reports. Canaccord Genuity Group raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. Bank of America lowered shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.00.

Rogers Communications Stock Down 1.1 %

Shares of RCI opened at $24.93 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The firm has a market cap of $13.36 billion, a P/E ratio of 10.75, a PEG ratio of 1.43 and a beta of 0.67. The stock’s 50 day moving average is $27.04 and its two-hundred day moving average is $31.43. Rogers Communications has a 12 month low of $23.18 and a 12 month high of $41.84.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FIL Ltd increased its position in Rogers Communications by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider’s stock worth $1,028,336,000 after purchasing an additional 2,244,240 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider’s stock worth $237,784,000 after buying an additional 1,320,200 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Rogers Communications by 123.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider’s stock valued at $206,565,000 after buying an additional 3,717,487 shares during the period. Letko Brosseau & Associates Inc. lifted its holdings in Rogers Communications by 23.5% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 5,210,380 shares of the Wireless communications provider’s stock valued at $160,094,000 after acquiring an additional 992,780 shares during the last quarter. Finally, Scotia Capital Inc. increased its stake in Rogers Communications by 18.3% during the fourth quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider’s stock worth $113,217,000 after acquiring an additional 572,270 shares during the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were issued a $0.347 dividend. This represents a $1.39 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications’s payout ratio is currently 59.48%.

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.