Rogers Communications (RCI) to Release Earnings on Wednesday

Rogers Communications (NYSE:RCI) (TSE:RCI.B) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.99 billion. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. On average, analysts expect Rogers Communications to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rogers Communications Price Performance

Shares of NYSE:RCI opened at $37.70 on Wednesday. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.84 and a current ratio of 0.89. The business’s fifty day moving average price is $42.80 and its two-hundred day moving average price is $43.15. The stock has a market cap of $19.92 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.63 and a beta of 0.59. Rogers Communications has a one year low of $36.55 and a one year high of $50.00.

Rogers Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 11th were paid a dividend of $0.3742 per share. The ex-dividend date was Friday, March 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.97%. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.36. Rogers Communications’s dividend payout ratio (DPR) is presently 122.50%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of Rogers Communications from $52.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. StockNews.com downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new stake in shares of Rogers Communications during the 1st quarter worth about $237,000. Creative Planning purchased a new position in Rogers Communications in the fourth quarter valued at about $235,000. Virtu Financial LLC acquired a new position in shares of Rogers Communications during the fourth quarter worth about $233,000. Bridgefront Capital LLC purchased a new stake in shares of Rogers Communications in the second quarter worth about $228,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Rogers Communications in the second quarter valued at about $215,000. 45.49% of the stock is owned by hedge funds and other institutional investors.

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.