RCI FY2026 EPS Forecast Lowered by National Bank Financial

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at National Bank Financial cut their FY2026 EPS estimates for shares of Rogers Communication in a research note issued to investors on Monday, September 29th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will earn $3.47 per share for the year, down from their previous forecast of $3.57. The consensus estimate for Rogers Communication’s current full-year earnings is $3.57 per share.

Other equities research analysts have also issued reports about the company. Barclays upped their price objective on Rogers Communication from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research report on Tuesday, July 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rogers Communication presently has a consensus rating of “Hold” and an average target price of $33.00.

Rogers Communication Trading Up 1.0%

Shares of Rogers Communication stock opened at $35.18 on Thursday. The company’s fifty day simple moving average is $35.00 and its 200-day simple moving average is $30.14. The stock has a market capitalization of $18.93 billion, a PE ratio of 17.50, a P/E/G ratio of 2.82 and a beta of 0.78. Rogers Communication has a 1-year low of $23.18 and a 1-year high of $39.33. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.70 and a quick ratio of 1.64.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. Rogers Communication had a net margin of 7.33% and a return on equity of 21.59%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year.

Institutional Trading of Rogers Communication

A number of institutional investors and hedge funds have recently bought and sold shares of RCI. Monarch Capital Management Inc. boosted its holdings in shares of Rogers Communication by 13.3% during the 2nd quarter. Monarch Capital Management Inc. now owns 62,053 shares of the Wireless communications provider’s stock valued at $1,843,000 after purchasing an additional 7,270 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Rogers Communication by 1.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 37,181 shares of the Wireless communications provider’s stock worth $1,101,000 after acquiring an additional 640 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Rogers Communication by 143.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after acquiring an additional 978 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Rogers Communication by 11.6% during the 2nd quarter. Tidal Investments LLC now owns 21,965 shares of the Wireless communications provider’s stock valued at $651,000 after acquiring an additional 2,284 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its holdings in shares of Rogers Communication by 11.9% in the second quarter. Boothbay Fund Management LLC now owns 376,455 shares of the Wireless communications provider’s stock valued at $11,174,000 after purchasing an additional 40,150 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors.

Rogers Communication Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 8th will be given a dividend of $0.3672 per share. This is a positive change from Rogers Communication’s previous quarterly dividend of $0.36. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, September 8th. Rogers Communication’s dividend payout ratio (DPR) is currently 72.64%.

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.