Scotiabank Expects Higher Earnings for Rogers Communication

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at Scotiabank increased their FY2026 earnings estimates for shares of Rogers Communication in a report issued on Tuesday, July 15th. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will post earnings of $3.53 per share for the year, up from their previous forecast of $3.49. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.57 per share.

RCI has been the subject of a number of other research reports. Canaccord Genuity Group raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Rogers Communication in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Rogers Communication currently has an average rating of “Hold” and a consensus target price of $67.00.

Rogers Communication Price Performance

Shares of RCI opened at $32.93 on Friday. The company has a 50 day moving average price of $28.54 and a 200-day moving average price of $27.70. Rogers Communication has a fifty-two week low of $23.18 and a fifty-two week high of $41.84. The stock has a market capitalization of $17.72 billion, a PE ratio of 14.13, a PEG ratio of 1.80 and a beta of 0.76. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.94 and a current ratio of 1.00.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.02). The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communication had a net margin of 8.53% and a return on equity of 25.28%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share.

Rogers Communication Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th were paid a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.39%. This is an increase from Rogers Communication’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 9th. Rogers Communication’s payout ratio is 62.66%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RCI. APG Asset Management N.V. purchased a new stake in shares of Rogers Communication in the 4th quarter valued at approximately $3,303,000. FIL Ltd increased its position in shares of Rogers Communication by 7.2% in the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider’s stock valued at $1,028,336,000 after purchasing an additional 2,244,240 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of Rogers Communication by 180.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider’s stock valued at $10,560,000 after purchasing an additional 221,628 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Rogers Communication by 57.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider’s stock valued at $6,457,000 after purchasing an additional 76,373 shares during the last quarter. Finally, Polar Asset Management Partners Inc. boosted its holdings in shares of Rogers Communication by 239.5% in the 4th quarter. Polar Asset Management Partners Inc. now owns 42,500 shares of the Wireless communications provider’s stock valued at $1,306,000 after buying an additional 29,982 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communication 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.