Scotiabank Has Negative Outlook for RCI FY2026 Earnings

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Rogers Communication in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will earn $3.29 per share for the year, down from their prior forecast of $3.34. Scotiabank has an “Outperform” rating on the stock. The consensus estimate for Rogers Communication’s current full-year earnings is $3.57 per share. Scotiabank also issued estimates for Rogers Communication’s FY2027 earnings at $3.44 EPS.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Friday, October 23rd. The Wireless communications provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.79 billion. Rogers Communication had a net margin of 4.11% and a return on equity of 11.51%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share.

Several other equities research analysts have also issued reports on RCI. Raymond James Financial started coverage on shares of Rogers Communication in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. Weiss Ratings upgraded shares of Rogers Communication from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 26th. Desjardins upgraded Rogers Communication from a “hold” rating to a “buy” rating in a report on Monday, September 14th. Barclays lowered their target price on Rogers Communication from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Finally, Wall Street Zen upgraded Rogers Communication from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Rogers Communication Stock Performance

Shares of RCI opened at $34.09 on Friday. Rogers Communication has a 12 month low of $29.25 and a 12 month high of $41.14. The firm has a fifty day simple moving average of $33.34 and a 200 day simple moving average of $35.64. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 3.96 and a beta of 0.66. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 1.65.

Institutional Trading of Rogers Communication

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System bought a new position in shares of Rogers Communication in the 3rd quarter valued at about $202,000. Gryphon Financial Partners LLC increased its stake in shares of Rogers Communication by 4.3% during the 3rd quarter. Gryphon Financial Partners LLC now owns 14,064 shares of the Wireless communications provider’s stock worth $433,000 after purchasing an additional 581 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Rogers Communication in the 3rd quarter valued at about $418,000. Ethic Inc. raised its holdings in shares of Rogers Communication by 6.1% in the 3rd quarter. Ethic Inc. now owns 14,846 shares of the Wireless communications provider’s stock valued at $457,000 after purchasing an additional 853 shares during the period. Finally, Cidel Asset Management Inc. lifted its stake in Rogers Communication by 5.2% in the 3rd quarter. Cidel Asset Management Inc. now owns 17,558 shares of the Wireless communications provider’s stock valued at $542,000 after purchasing an additional 865 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

Rogers Communication Announces Dividend

The company also recently announced 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 5.9%. The ex-dividend date is Tuesday, December 8th. Rogers Communication’s payout ratio is presently 120.00%.

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.