Research Analysts Set Expectations for RCI Q1 Earnings

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Analysts at National Bank Financial issued their Q1 2025 earnings per share estimates for shares of Rogers Communications in a research note issued to investors on Monday, March 31st. National Bank Financial analyst A. Shine expects that the Wireless communications provider will post earnings per share of $0.71 for the quarter. The consensus estimate for Rogers Communications’ current full-year earnings is $3.57 per share.

Several other equities analysts have also recently weighed in on the company. Scotiabank downgraded Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday. Bank of America downgraded shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Morgan Stanley started coverage on shares of Rogers Communications in a research report on Monday, December 16th. They issued an “underweight” rating for the company. Finally, Barclays restated an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $61.75.

Rogers Communications Stock Down 5.4 %

NYSE:RCI opened at $25.30 on Wednesday. The business’s fifty day moving average price is $27.88 and its 200 day moving average price is $32.63. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.43 and a beta of 0.67. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. Rogers Communications has a 1-year low of $24.76 and a 1-year high of $41.84.

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

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th will be paid a dividend of $0.347 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.39 annualized dividend and a dividend yield of 5.49%. Rogers Communications’s dividend payout ratio (DPR) is 59.48%.

Institutional Investors Weigh In On Rogers Communications

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Rogers Communications by 106.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider’s stock valued at $5,383,000 after buying an additional 68,971 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Rogers Communications in the 4th quarter valued at approximately $718,000. Northwest & Ethical Investments L.P. lifted its holdings in Rogers Communications by 180.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider’s stock worth $10,560,000 after purchasing an additional 221,628 shares during the last quarter. Louisbourg Investments Inc. lifted its holdings in Rogers Communications by 18.9% in the 4th quarter. Louisbourg Investments Inc. now owns 246,470 shares of the Wireless communications provider’s stock worth $7,573,000 after purchasing an additional 39,156 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Rogers Communications by 107.3% during the third quarter. BNP Paribas Financial Markets now owns 37,436 shares of the Wireless communications provider’s stock worth $1,505,000 after purchasing an additional 19,378 shares during the period. Institutional investors and hedge funds own 45.49% of the company’s stock.

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.