Scotiabank Issues Pessimistic Forecast for RCI Earnings

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Analysts at Scotiabank cut their FY2026 earnings estimates for shares of Rogers Communication in a research report issued on Thursday, July 23rd. Scotiabank analyst M. Yaghi now expects that the Wireless communications provider will earn $3.30 per share for the year, down from their previous estimate 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.

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

Several other analysts also recently commented on the company. Wall Street Zen downgraded Rogers Communication from a “hold” rating to a “sell” rating in a research note on Saturday. Desjardins reaffirmed a “hold” rating on shares of Rogers Communication in a report on Thursday, April 23rd. Weiss Ratings downgraded 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 research report on Thursday. Finally, Raymond James Financial started coverage on shares of Rogers Communication in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Price Performance

Shares of RCI opened at $32.76 on Friday. Rogers Communication has a twelve month low of $31.38 and a twelve month high of $41.14. The company has a market capitalization of $17.70 billion, a P/E ratio of 3.96, a price-to-earnings-growth ratio of 4.08 and a beta of 0.64. The firm has a 50 day moving average of $35.59 and a 200 day moving average of $36.57. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 1.54.

Rogers Communication Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 8th will be issued a $0.50 dividend. 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 dividend payout ratio is currently 16.91%.

Hedge Funds Weigh In On Rogers Communication

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

Rogers Communication Company Profile

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.