Scotiabank Expects Weaker Earnings for Rogers Communication

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Rogers Communication in a report released on Thursday, July 23rd. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will post earnings per share of $3.30 for the year, down from their previous forecast of $3.46. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.27 per share. Scotiabank also issued estimates for Rogers Communication’s FY2027 earnings at $3.44 EPS.

RCI has been the topic of a number of other research reports. Weiss Ratings lowered shares of Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. TD Securities reissued a “buy” rating on shares of Rogers Communication in a report on Thursday. Barclays reduced their target price on Rogers Communication from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Desjardins reiterated a “hold” rating on shares of Rogers Communication in a research report on Thursday, April 23rd. Finally, Raymond James Financial assumed coverage on Rogers Communication in a report on Wednesday, July 15th. They set an “outperform” rating for the company. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.00.

Rogers Communication Price Performance

RCI stock opened at $32.76 on Friday. The firm has a 50 day moving average of $35.59 and a 200-day moving average of $36.57. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.54. Rogers Communication has a 12 month low of $31.38 and a 12 month high of $41.14. The firm has a market capitalization of $17.70 billion, a P/E ratio of 3.96, a price-to-earnings-growth ratio of 4.07 and a beta of 0.64.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%.The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis.

Rogers Communication Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.00 annualized dividend and a yield of 6.1%. Rogers Communication’s payout ratio is 15.30%.

Hedge Funds Weigh In On Rogers Communication

A number of hedge funds and other institutional investors have recently modified their holdings of RCI. TD Asset Management Inc raised its holdings in shares of Rogers Communication by 2.3% during the 4th quarter. TD Asset Management Inc now owns 8,540,114 shares of the Wireless communications provider’s stock valued at $322,789,000 after buying an additional 195,189 shares in the last quarter. Fiera Capital Corp grew its position in Rogers Communication by 8,881.3% during the fourth quarter. Fiera Capital Corp now owns 7,196,876 shares of the Wireless communications provider’s stock valued at $271,751,000 after acquiring an additional 7,116,744 shares during the last quarter. Bank of Nova Scotia grew its position in Rogers Communication by 7.6% during the first quarter. Bank of Nova Scotia now owns 6,280,164 shares of the Wireless communications provider’s stock valued at $241,467,000 after acquiring an additional 445,964 shares during the last quarter. Morgan Stanley raised its stake in shares of Rogers Communication by 138.0% during the fourth quarter. Morgan Stanley now owns 5,080,341 shares of the Wireless communications provider’s stock worth $191,681,000 after acquiring an additional 2,945,885 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Rogers Communication by 67.8% during the third quarter. Bank of America Corp DE now owns 4,866,999 shares of the Wireless communications provider’s stock worth $167,765,000 after acquiring an additional 1,966,476 shares in the last quarter. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.