Brokers Set Expectations for RCI Q1 Earnings

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Investment analysts at Cormark issued their Q1 2025 earnings estimates for Rogers Communications in a note issued to investors on Tuesday, April 15th. Cormark analyst D. Mcfadgen forecasts that the Wireless communications provider will post earnings of $0.74 per share for the quarter. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share.

Other equities research analysts have also issued research reports about the stock. Barclays reissued an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Scotiabank downgraded Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. Canaccord Genuity Group upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. Finally, Bank of America downgraded Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Rogers Communications has a consensus rating of “Hold” and an average target price of $67.00.

Rogers Communications Stock Performance

Shares of NYSE:RCI opened at $25.10 on Wednesday. The business has a fifty day moving average of $27.00 and a 200-day moving average of $31.39. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. Rogers Communications has a twelve month low of $23.18 and a twelve month high of $41.84. The firm has a market cap of $13.46 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

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

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were paid a $0.347 dividend. This represents a $1.39 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications’s payout ratio is presently 59.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bard Financial Services Inc. bought a new stake in Rogers Communications during the 1st quarter worth approximately $1,263,000. Monarch Capital Management Inc. grew its holdings in shares of Rogers Communications by 11.8% during the first quarter. Monarch Capital Management Inc. now owns 54,783 shares of the Wireless communications provider’s stock worth $1,475,000 after buying an additional 5,770 shares in the last quarter. Vest Financial LLC raised its position in Rogers Communications by 83.1% in the 1st quarter. Vest Financial LLC now owns 45,097 shares of the Wireless communications provider’s stock valued at $1,205,000 after buying an additional 20,474 shares during the last quarter. JTC Employer Solutions Trustee Ltd lifted its position in shares of Rogers Communications by 1.2% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 102,545 shares of the Wireless communications provider’s stock worth $2,755,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Investors Research Corp grew its position in Rogers Communications by 24.9% in the first quarter. Investors Research Corp now owns 14,925 shares of the Wireless communications provider’s stock valued at $399,000 after purchasing an additional 2,980 shares in the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

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.