What is Cormark’s Estimate for RCI Q4 Earnings?

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at Cormark issued their Q4 2024 earnings per share (EPS) estimates for shares of Rogers Communications in a report issued on Tuesday, January 21st. Cormark analyst D. Mcfadgen expects that the Wireless communications provider will post earnings per share of $0.96 for the quarter. The consensus estimate for Rogers Communications’ current full-year earnings is $3.47 per share.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.35. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on RCI. Morgan Stanley assumed coverage on Rogers Communications in a research report on Monday, December 16th. They set an “underweight” rating on the stock. Bank of America downgraded Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Finally, Barclays reissued an “equal weight” rating on shares of Rogers Communications in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Rogers Communications currently has an average rating of “Hold” and a consensus target price of $61.75.

Rogers Communications Stock Performance

NYSE RCI opened at $28.28 on Wednesday. The firm has a 50-day moving average price of $32.35 and a two-hundred day moving average price of $36.53. Rogers Communications has a 12-month low of $27.63 and a 12-month high of $48.19. The company has a market capitalization of $15.11 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.05 and a beta of 0.69. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35.

Institutional Trading of Rogers Communications

Institutional investors have recently bought and sold shares of the company. Forsta AP Fonden increased its position in Rogers Communications by 3.2% in the 4th quarter. Forsta AP Fonden now owns 84,400 shares of the Wireless communications provider’s stock valued at $2,593,000 after buying an additional 2,600 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Rogers Communications by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider’s stock worth $725,000 after purchasing an additional 379 shares in the last quarter. Monarch Capital Management Inc. grew its position in Rogers Communications by 25.2% in the 4th quarter. Monarch Capital Management Inc. now owns 49,013 shares of the Wireless communications provider’s stock valued at $1,515,000 after purchasing an additional 9,875 shares during the period. Canoe Financial LP raised its holdings in Rogers Communications by 14.7% during the fourth quarter. Canoe Financial LP now owns 1,299,311 shares of the Wireless communications provider’s stock worth $39,916,000 after buying an additional 166,224 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of Rogers Communications in the fourth quarter valued at $718,000. Institutional investors 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.