Scotiabank Lifts Earnings Estimates for Rogers Communication

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Research analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for Rogers Communication in a research report issued on Thursday, September 17th. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will earn $3.32 per share for the year, up from their prior forecast of $3.30. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.29 per share.

Several other equities analysts have also commented on the stock. Wall Street Zen raised shares of Rogers Communication from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Barclays cut their price target on shares of Rogers Communication from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, July 16th. TD Securities reissued a “buy” rating on shares of Rogers Communication in a research note on Thursday, July 23rd. Desjardins upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Monday, September 14th. Finally, Weiss Ratings upgraded Rogers Communication from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.00.

Rogers Communication Stock Down 3.3%

RCI stock opened at $33.28 on Monday. The company has a market cap of $17.98 billion, a PE ratio of 4.02, a price-to-earnings-growth ratio of 4.27 and a beta of 0.66. The business has a 50-day simple moving average of $35.40 and a 200 day simple moving average of $35.99. Rogers Communication has a 52 week low of $31.38 and a 52 week high of $41.14. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.54.

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

Rogers Communication Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 8th. This represents a $2.00 annualized dividend and a dividend yield of 6.0%. Rogers Communication’s dividend payout ratio is 17.39%.

Institutional Investors Weigh In On Rogers Communication

Hedge funds have recently modified their holdings of the company. Fiera Capital Corp increased its position in shares of Rogers Communication by 8,881.3% during the fourth quarter. Fiera Capital Corp now owns 7,196,876 shares of the Wireless communications provider’s stock worth $271,751,000 after buying an additional 7,116,744 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Rogers Communication by 98.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,025,580 shares of the Wireless communications provider’s stock valued at $77,871,000 after buying an additional 1,004,963 shares during the period. Bank of Nova Scotia boosted its position in Rogers Communication by 7.6% during the first quarter. Bank of Nova Scotia now owns 6,280,164 shares of the Wireless communications provider’s stock valued at $241,467,000 after acquiring an additional 445,964 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Rogers Communication by 56.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 951,727 shares of the Wireless communications provider’s stock valued at $35,989,000 after acquiring an additional 345,010 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Rogers Communication by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 3,893,422 shares of the Wireless communications provider’s stock worth $153,723,000 after acquiring an additional 299,794 shares during the period. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communication Company Profile

Rogers Communications Inc is a Canadian communications and media company headquartered in Toronto, Ontario. Through its wireless and cable businesses, the company provides mobile voice and data services, high-speed internet, television, home phone and related connectivity services to consumers, businesses and public-sector organizations across Canada.

Rogers also operates media and entertainment businesses, including Sportsnet television and digital networks, radio stations and related publishing and digital properties.