Cormark Expects Lower Earnings for Rogers Communications

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Analysts at Cormark reduced their FY2025 earnings per share estimates for shares of Rogers Communications in a report released on Thursday, January 9th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will earn $3.73 per share for the year, down from their previous estimate of $3.75. The consensus estimate for Rogers Communications’ current full-year earnings is $3.56 per share.

Several other analysts also recently issued reports on RCI. BMO Capital Markets raised their price target on Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. TD Securities raised their target price on Rogers Communications from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Morgan Stanley started coverage on shares of Rogers Communications in a report on Monday, December 16th. They set an “underweight” rating for the company. Finally, Bank of America cut shares of Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $61.75.

Rogers Communications Stock Performance

Shares of RCI stock opened at $28.54 on Monday. The company has a market cap of $15.25 billion, a P/E ratio of 13.92, a PEG ratio of 1.06 and a beta of 0.69. The business has a 50 day moving average of $33.30 and a two-hundred day moving average of $36.88. Rogers Communications has a 52 week low of $27.63 and a 52 week high of $48.19. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.35. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were issued a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Monday, December 9th. Rogers Communications’s payout ratio is 68.78%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Cromwell Holdings LLC acquired a new stake in Rogers Communications during the 3rd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rogers Communications by 110.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 522 shares during the period. Grove Bank & Trust raised its holdings in shares of Rogers Communications by 41.0% during the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider’s stock valued at $42,000 after acquiring an additional 302 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Rogers Communications in the 2nd quarter valued at approximately $55,000. Finally, Nexus Investment Management ULC acquired a new position in Rogers Communications in the 3rd quarter worth approximately $203,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications 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.