Rogers Communication (NYSE:RCI) Issues Quarterly Earnings Results

Rogers Communication (NYSE:RCI) (TSE:RCI.B) posted its quarterly earnings data on Friday. The Wireless communications provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08, Zacks reports. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the firm earned $1.37 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis.

Here are the key takeaways from Rogers Communication’s conference call:

• Free cash flow rose 65% to approximately CAD 1.4 billion in Q3, supported by a 46% reduction in capital expenditures and capital intensity of 9.6%. Leverage improved to 3.7 times, while the company reaffirmed its 2026 free cash flow outlook of CAD 4.1 billion–CAD 4.3 billion.
• Wireless service revenue declined 1% and mobile phone ARPU fell 2.6% to CAD 55.22, primarily due to the CRTC’s ban on certain fees and earlier competitive pricing pressure. Mobile net additions were limited to 17,000, and postpaid churn increased four basis points to 1.03%.
• Rogers continued to emphasize profitable customer growth over subscriber volume, with incoming wireless ARPU up 8% year over year. Wireless EBITDA margin expanded 130 basis points to an industry-leading 68%, while cable margin increased to 59% and cable service revenue grew for the sixth consecutive quarter.
• Sports & Media delivered strong growth, with revenue up 9% and adjusted EBITDA up 12% to CAD 84 million, aided by record Toronto Blue Jays attendance. Rogers completed its acquisition of the remaining 25% of MLSE and is targeting a minority stake sale in its consolidated sports and entertainment assets by the first half of 2027, with proceeds expected to reduce debt.
• Management reaffirmed its 2026 outlook for service revenue growth of 3%–5%, adjusted EBITDA growth of 1%–3%, capital expenditures of CAD 2.5 billion–CAD 2.7 billion, and free cash flow of CAD 4.1 billion–CAD 4.3 billion. Executives said the lower capital-spending trajectory should be sustainable, although they are not yet providing formal 2027 guidance.

Rogers Communication Trading Down 2.4%

NYSE:RCI opened at $32.41 on Friday. The stock has a fifty day moving average price of $34.01 and a two-hundred day moving average price of $34.83. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 3.91, a PEG ratio of 4.18 and a beta of 0.65. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.55. Rogers Communication has a 1 year low of $29.25 and a 1 year high of $41.14.

Rogers Communication Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Tuesday, December 8th will be issued a dividend of C$0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, December 8th. Rogers Communication’s dividend payout ratio is currently 17.39%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RCI shares. Scotiabank restated an “outperform” rating on shares of Rogers Communication in a research note on Tuesday. TD Securities reaffirmed a “buy” rating on shares of Rogers Communication in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of Rogers Communication from a “sell” rating to a “hold” rating in a research report on Saturday. Raymond James Financial initiated coverage on shares of Rogers Communication in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. Finally, Desjardins raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research note on Monday, September 14th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rogers Communication currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Trending Headlines about Rogers Communication

Here are the key news stories impacting Rogers Communication this week:

• Positive Sentiment: Rogers reported quarterly earnings of $0.92 per share, exceeding analyst expectations of approximately $0.84–$0.85. Revenue increased 1.8% year over year, while adjusted profit benefited from higher revenue. Rogers Communication Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management highlighted record free cash flow and the company’s lowest capital intensity in more than two decades. Capital spending fell 46% in the quarter, supporting near-term cash generation and potentially improving balance-sheet flexibility. Rogers Communications Reports Third Quarter 2026 Results
• Positive Sentiment: Rogers added 17,000 net mobile phone subscribers, and the board declared a quarterly dividend of $0.50 per share, payable January 5, 2027. Scotiabank also raised its FY2026 and FY2027 EPS forecasts to $3.34 and $3.51, respectively, while maintaining an “Outperform” rating. Rogers Communications Declares Quarterly Dividend
• Neutral Sentiment: The earnings beat was partly offset by the comparison with the prior year: reported EPS fell from $1.37 to $0.92, largely because the year-ago period included a significant accounting gain. Rogers Communications Profit Drops on Comparison, Revenue Rises
• Negative Sentiment: The sharp reduction in capital spending may raise concerns about the pace of future network investment and growth, while only 17,000 mobile additions suggest limited subscriber momentum. These concerns appear to be outweighing the adjusted earnings beat for some investors.

Rogers Communication Company Profile

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.