Scotiabank Lifts Earnings Estimates for Rogers Communication

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Equities research analysts at Scotiabank increased their FY2026 earnings estimates for Rogers Communication in a research note issued on Thursday, October 22nd. Scotiabank analyst M. Yaghi now forecasts that the Wireless communications provider will post earnings per share of $3.34 for the year, up from their previous estimate of $3.32. Scotiabank currently has an “Outperform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.24 per share. Scotiabank also issued estimates for Rogers Communication’s FY2027 earnings at $3.51 EPS.

RCI has been the subject of a number of other research reports. Desjardins raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Monday, September 14th. TD Securities reaffirmed a “buy” rating on shares of Rogers Communication in a report on Thursday, July 23rd. Weiss Ratings downgraded Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Raymond James Financial started coverage on Rogers Communication in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. Finally, Wall Street Zen downgraded Rogers Communication from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Rogers Communication Stock Performance

Rogers Communication stock opened at $33.16 on Friday. Rogers Communication has a twelve month low of $29.25 and a twelve month 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. The company has a market capitalization of $17.91 billion, a P/E ratio of 4.00, a PEG ratio of 3.99 and a beta of 0.65. The stock’s 50 day moving average is $34.09 and its 200 day moving average is $34.85.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS.

Institutional Investors Weigh In On Rogers Communication

Several institutional investors and hedge funds have recently modified their holdings of RCI. Fifth Third Wealth Advisors LLC purchased a new position in Rogers Communication during the third quarter valued at $323,000. Cardinal Capital Management lifted its stake in Rogers Communication by 7.8% in the 3rd quarter. Cardinal Capital Management now owns 62,970 shares of the Wireless communications provider’s stock worth $1,961,000 after purchasing an additional 4,580 shares in the last quarter. Cardinal Point Capital Management ULC boosted its holdings in shares of Rogers Communication by 4.2% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 345,009 shares of the Wireless communications provider’s stock valued at $10,656,000 after purchasing an additional 13,919 shares during the last quarter. Guardian Partners Inc. boosted its holdings in shares of Rogers Communication by 5.9% during the 3rd quarter. Guardian Partners Inc. now owns 359,957 shares of the Wireless communications provider’s stock valued at $11,110,000 after purchasing an additional 19,967 shares during the last quarter. Finally, QV Investors Inc. grew its position in shares of Rogers Communication by 31.4% during the third quarter. QV Investors Inc. now owns 1,076,059 shares of the Wireless communications provider’s stock valued at $33,212,000 after purchasing an additional 257,096 shares in the last quarter. Institutional investors own 45.49% of the company’s stock.

About Rogers Communication

Rogers Communications Inc is a Canadian communications and media company serving consumers, businesses and public-sector organizations across Canada. Its telecommunications operations provide wireless voice and data services, broadband internet, television, home phone and related connectivity products. The company also offers enterprise networking, cybersecurity, cloud and other information technology services.

Rogers operates a portfolio of media and sports properties, including Sportsnet, Citytv and OMNI Television, along with radio stations, digital platforms and publishing operations.