Rogers Communication (NYSE:RCI) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

24 Apr 2026, 16:48 by Danessa Lincoln · The Markets Daily

Rogers Communication (NYSE:RCI – Get Free Report) (TSE:RCI.B) announced its earnings results on Wednesday. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01, Zacks reports. Rogers Communication had a return on equity of 12.48% and a net margin of 32.00%.The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis.

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

Rogers cut planned 2026 capital spending by roughly 30% to CAD 2.5–2.7 billion, targeting a ~12% capital intensity and raising full‑year free cash flow guidance to CAD 4.1–4.3 billion, implying ~CAD 800 million of incremental FCF versus 2025.
Wireless finished Q1 with ~33,000 net adds and improved margins (+40 bps to 65%), but mobile phone ARPU declined to CAD 55.60 (down ~2.4%) amid industry promotional pressure.
Rogers Sports & Media revenue jumped ~82% to ~CAD 1 billion and EBITDA improved to breakeven; management plans to buy the remaining 25% of MLSE, combine assets and sell a minority stake in an entity they value at >CAD 25 billion to unlock value and fund debt reduction.
Balance sheet momentum: net leverage fell to 3.8x, liquidity of ~CAD 6 billion (CAD 1.4B cash + CAD 4.6B facilities), and the company issued CAD 2.3 billion of subordinated notes while planning accelerated debt paydown.
Management says regulatory policy is disincentivizing investment, leading to permanently lower run‑rate CapEx via project cancellations, deferrals and efficiency moves, and it expects some restructuring costs — a potential long‑term headwind to network expansion and growth.

Rogers Communication Stock Performance

RCI stock traded down $1.17 on Friday, reaching $36.18. 524,259 shares of the company were exchanged, compared to its average volume of 1,255,361. The firm has a market capitalization of $19.54 billion, a PE ratio of 3.81, a PEG ratio of 6.40 and a beta of 0.72. Rogers Communication has a 12 month low of $24.67 and a 12 month high of $41.14. The stock’s fifty day moving average price is $37.47 and its 200 day moving average price is $37.41. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.61 and a quick ratio of 0.57.

Rogers Communication Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Tuesday, June 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.5%. Rogers Communication’s payout ratio is 15.89%.

Institutional Trading of Rogers Communication

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its position in shares of Rogers Communication by 138.0% during the fourth quarter. Morgan Stanley now owns 5,080,341 shares of the Wireless communications provider’s stock valued at $191,681,000 after buying an additional 2,945,885 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Rogers Communication by 67.8% in the third quarter. Bank of America Corp DE now owns 4,866,999 shares of the Wireless communications provider’s stock valued at $167,765,000 after buying an additional 1,966,476 shares during the period. Picton Mahoney Asset Management grew its position in Rogers Communication by 4.6% during the fourth quarter. Picton Mahoney Asset Management now owns 2,797,253 shares of the Wireless communications provider’s stock worth $105,738,000 after buying an additional 123,628 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Rogers Communication by 45.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,434,432 shares of the Wireless communications provider’s stock valued at $92,086,000 after acquiring an additional 758,336 shares during the period. Finally, Legal & General Group Plc increased its stake in Rogers Communication by 5.2% during the third quarter. Legal & General Group Plc now owns 1,615,145 shares of the Wireless communications provider’s stock valued at $55,614,000 after acquiring an additional 80,544 shares during the period. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Rogers Communication in a research note on Friday, December 26th. TD Securities downgraded shares of Rogers Communication from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Scotiabank raised shares of Rogers Communication from a “hold” rating to an “outperform” rating in a research report on Thursday. Wall Street Zen cut shares of Rogers Communication from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Barclays reiterated a “positive” rating and issued a $37.00 price objective on shares of Rogers Communication in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.00.

View Our Latest Stock Analysis on RCI

About Rogers Communication

(Get Free Report)

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.