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

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Cormark reduced their FY2025 earnings per share (EPS) estimates for Rogers Communications in a research note issued on Monday, April 15th. Cormark analyst D. Mcfadgen now forecasts 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 announced its quarterly earnings data on Thursday, February 1st. The Wireless communications provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.99 billion.

RCI has been the subject of a number of other research reports. Barclays reduced their price objective on Rogers Communications from $52.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. StockNews.com cut Rogers Communications from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications has an average rating of “Moderate Buy” and an average target price of $46.00.

Rogers Communications Stock Performance

Shares of RCI opened at $37.70 on Tuesday. The stock has a 50 day moving average price of $42.80 and a 200 day moving average price of $43.15. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $19.92 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.63 and a beta of 0.59. Rogers Communications has a 52-week low of $36.55 and a 52-week high of $50.00.

Rogers Communications Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were paid a $0.3742 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 3.97%. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 8th. Rogers Communications’s dividend payout ratio (DPR) is presently 122.50%.

Hedge Funds Weigh In On Rogers Communications

A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Rogers Communications by 120.1% during the 4th quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 359 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Rogers Communications by 62.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 270 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Rogers Communications during the 3rd quarter valued at about $29,000. Lindbrook Capital LLC raised its holdings in shares of Rogers Communications by 120.8% during the 4th quarter. Lindbrook Capital LLC now owns 912 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 499 shares during the period. Finally, CVA Family Office LLC purchased a new stake in shares of Rogers Communications during the 4th quarter valued at about $51,000. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

About Rogers Communications

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.