Cormark Analysts Increase Earnings Estimates for RCI

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

A number of other research firms also recently issued reports on RCI. Barclays restated 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 report on Tuesday, January 14th. Canaccord Genuity Group upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday. Scotiabank lowered Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley initiated coverage on Rogers Communications in a research report on Monday, December 16th. They issued an “underweight” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Rogers Communications presently has a consensus rating of “Hold” and an average target price of $61.75.

Rogers Communications Stock Performance

Rogers Communications stock opened at $25.85 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. Rogers Communications has a 12 month low of $24.76 and a 12 month high of $41.84. The company has a fifty day moving average price of $27.72 and a two-hundred day moving average price of $32.37. The company has a market cap of $13.86 billion, a PE ratio of 11.14, a P/E/G ratio of 1.43 and a beta of 0.67.

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

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were given a $0.347 dividend. This represents a $1.39 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications’s dividend payout ratio is currently 59.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RCI. FIL Ltd raised its stake in shares of Rogers Communications by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider’s stock valued at $1,028,336,000 after purchasing an additional 2,244,240 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider’s stock worth $237,784,000 after buying an additional 1,320,200 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Rogers Communications by 123.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider’s stock worth $206,565,000 after acquiring an additional 3,717,487 shares during the period. National Bank of Canada FI boosted its holdings in shares of Rogers Communications by 18.6% in the third quarter. National Bank of Canada FI now owns 6,239,553 shares of the Wireless communications provider’s stock valued at $250,886,000 after acquiring an additional 977,924 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. boosted its holdings in shares of Rogers Communications by 23.5% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 5,210,380 shares of the Wireless communications provider’s stock valued at $160,094,000 after acquiring an additional 992,780 shares in the last quarter. 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.