Cormark Equities Analysts Reduce Earnings Estimates for Rogers Communications Inc. (NYSE:RCI)

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

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Rogers Communications had a net margin of 4.38% and a return on equity of 22.17%. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.99 billion.

Several other research analysts also recently commented on the stock. Barclays cut their price target on shares of Rogers Communications from $52.00 to $46.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. StockNews.com downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Rogers Communications Stock Down 0.6 %

Shares of NYSE:RCI opened at $37.70 on Tuesday. The firm has a fifty day moving average price of $42.80 and a two-hundred day moving average price of $43.15. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.89 and a quick ratio of 0.84. Rogers Communications has a one year low of $36.55 and a one year high of $50.00. The company has a market cap of $19.92 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.63 and a beta of 0.59.

Institutional Trading of Rogers Communications

Several hedge funds have recently added to or reduced their stakes in RCI. FIL Ltd increased its position in shares of Rogers Communications by 13.7% in the fourth quarter. FIL Ltd now owns 36,514,749 shares of the Wireless communications provider’s stock valued at $1,709,377,000 after acquiring an additional 4,405,888 shares during the period. Canoe Financial LP increased its position in shares of Rogers Communications by 1,575.9% during the fourth quarter. Canoe Financial LP now owns 15,903,262 shares of the Wireless communications provider’s stock valued at $744,432,000 after buying an additional 14,954,351 shares during the period. 1832 Asset Management L.P. increased its position in shares of Rogers Communications by 10.2% during the fourth quarter. 1832 Asset Management L.P. now owns 12,707,709 shares of the Wireless communications provider’s stock valued at $594,848,000 after buying an additional 1,177,264 shares during the period. Vanguard Group Inc. increased its position in shares of Rogers Communications by 2.1% during the first quarter. Vanguard Group Inc. now owns 11,396,833 shares of the Wireless communications provider’s stock valued at $646,770,000 after buying an additional 238,829 shares during the period. Finally, TD Asset Management Inc grew its holdings in Rogers Communications by 27.3% in the fourth quarter. TD Asset Management Inc now owns 11,074,702 shares of the Wireless communications provider’s stock worth $520,980,000 after purchasing an additional 2,372,306 shares during the period. 45.49% of the stock is owned by institutional investors.

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 issued a dividend of $0.3742 per share. This is an increase from Rogers Communications’s previous quarterly dividend of $0.36. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, March 8th. Rogers Communications’s payout ratio is currently 122.50%.

Rogers Communications Company Profile

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.