Rogers Communications Inc. to Post FY2025 Earnings of $3.51 Per Share, National Bank Financial Forecasts (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for shares of Rogers Communications in a report issued on Wednesday, April 24th. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings per share of $3.51 for the year, down from their previous forecast of $3.56. The consensus estimate for Rogers Communications’ current full-year earnings is $3.56 per share.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Wednesday, April 24th. The Wireless communications provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Rogers Communications had a return on equity of 21.71% and a net margin of 2.90%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion.

A number of other brokerages have also recently commented on RCI. StockNews.com cut Rogers Communications from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Barclays reduced their price objective on Rogers Communications from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Rogers Communications Price Performance

Shares of NYSE RCI traded up $0.24 during mid-day trading on Friday, reaching $38.28. The company had a trading volume of 221,763 shares, compared to its average volume of 575,531. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.84 and a current ratio of 0.89. Rogers Communications has a one year low of $36.55 and a one year high of $50.00. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 1.65 and a beta of 0.59. The business’s 50-day simple moving average is $41.83 and its 200 day simple moving average is $43.12.

Institutional Trading of Rogers Communications

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Rogers Communications during the third quarter valued at about $827,000. Cigna Investments Inc. New boosted its stake in shares of Rogers Communications by 4.9% during the third quarter. Cigna Investments Inc. New now owns 6,851 shares of the Wireless communications provider’s stock valued at $265,000 after purchasing an additional 317 shares in the last quarter. Everett Harris & Co. CA boosted its stake in shares of Rogers Communications by 3.0% during the third quarter. Everett Harris & Co. CA now owns 89,600 shares of the Wireless communications provider’s stock valued at $3,440,000 after purchasing an additional 2,580 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Rogers Communications by 2.2% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 236,612 shares of the Wireless communications provider’s stock valued at $9,046,000 after purchasing an additional 5,195 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Rogers Communications by 5.8% during the third quarter. Mackenzie Financial Corp now owns 9,148,044 shares of the Wireless communications provider’s stock valued at $339,007,000 after purchasing an additional 505,427 shares in the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 10th will be paid a $0.3658 dividend. This represents a $1.46 annualized dividend and a yield of 3.82%. The ex-dividend date is Monday, June 10th. Rogers Communications’s dividend payout ratio (DPR) is presently 183.75%.

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.