Cormark Expects Increased Earnings for Rogers Communications

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Cormark lifted their FY2026 earnings per share estimates for Rogers Communications in a report released on Wednesday, April 2nd. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will post earnings of $3.69 per share for the year, up from their previous estimate of $3.58. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%.

A number of other brokerages also recently commented on RCI. Scotiabank downgraded Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday. Barclays reissued an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Bank of America cut shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley started coverage on shares of Rogers Communications in a report on Monday, December 16th. They issued an “underweight” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Rogers Communications presently has an average rating of “Hold” and a consensus target price of $61.75.

Rogers Communications Trading Up 3.0 %

RCI opened at $26.06 on Friday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The company’s 50 day simple moving average is $27.78 and its two-hundred day simple moving average is $32.53. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Rogers Communications has a 1-year low of $24.76 and a 1-year high of $41.84.

Institutional Trading of Rogers Communications

Several hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC raised its holdings in Rogers Communications by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 744 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Rogers Communications by 141.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 1,052 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Rogers Communications during the 1st quarter worth about $79,000. Headlands Technologies LLC lifted its stake in Rogers Communications by 274.2% during the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider’s stock worth $163,000 after purchasing an additional 3,888 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Rogers Communications by 19.1% in the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock valued at $178,000 after purchasing an additional 930 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were paid a $0.347 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.39 annualized dividend and a dividend yield of 5.33%. Rogers Communications’s dividend payout ratio (DPR) is 59.48%.

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.