FY2025 Earnings Estimate for Rogers Communications Inc. Issued By Cormark (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at Cormark dropped their FY2025 earnings estimates for Rogers Communications in a research note issued on Monday, April 15th. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will post earnings per share of $4.45 for the year, down from their prior forecast of $4.54. The consensus estimate for Rogers Communications’ current full-year earnings is $3.60 per share.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Rogers Communications from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Barclays decreased their target price on shares of Rogers Communications from $52.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Rogers Communications Stock Up 0.5 %

NYSE:RCI opened at $37.89 on Tuesday. The stock has a 50-day simple moving average of $42.63 and a 200 day simple moving average of $43.11. Rogers Communications has a 52-week low of $36.55 and a 52-week high of $50.00. The company has a market cap of $20.03 billion, a PE ratio of 31.58, a PEG ratio of 1.62 and a beta of 0.59. 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 (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%.

Rogers Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, March 11th were paid a dividend of $0.3742 per share. The ex-dividend date was Friday, March 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from Rogers Communications’s previous quarterly dividend of $0.36. Rogers Communications’s dividend payout ratio is currently 122.50%.

Hedge Funds Weigh In On Rogers Communications

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its stake in Rogers Communications by 317.7% in the third quarter. Orion Portfolio Solutions LLC now owns 33,877 shares of the Wireless communications provider’s stock valued at $1,301,000 after acquiring an additional 25,766 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Rogers Communications by 101.8% during the third quarter. Qube Research & Technologies Ltd now owns 131,276 shares of the Wireless communications provider’s stock worth $5,040,000 after buying an additional 66,231 shares during the last quarter. Invesco Ltd. increased its position in Rogers Communications by 13.7% during the third quarter. Invesco Ltd. now owns 200,294 shares of the Wireless communications provider’s stock worth $7,689,000 after buying an additional 24,178 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Rogers Communications by 32.0% in the third quarter. Canada Pension Plan Investment Board now owns 2,101,225 shares of the Wireless communications provider’s stock valued at $81,049,000 after buying an additional 508,900 shares during the period. Finally, Scotia Capital Inc. lifted its position in shares of Rogers Communications by 9.3% in the third quarter. Scotia Capital Inc. now owns 2,625,594 shares of the Wireless communications provider’s stock valued at $100,617,000 after buying an additional 224,293 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

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.