Rogers Communications (RCI) to Release Quarterly Earnings on Wednesday

Rogers Communications (NYSE:RCI) (TSE:RCI.B) will likely be posting its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect Rogers Communications to post earnings of $0.72 per share and revenue of $4.96 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. 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 Stock Performance

NYSE RCI opened at $24.93 on Wednesday. The business’s 50 day moving average price is $27.04 and its 200-day moving average price is $31.43. Rogers Communications has a fifty-two week low of $23.18 and a fifty-two week high of $41.84. The company has a market cap of $13.36 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66.

Rogers Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were paid a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a yield of 5.57%. The ex-dividend date was Monday, March 10th. Rogers Communications’s payout ratio is 59.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Friday, April 4th. Bank of America lowered Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Finally, Scotiabank cut Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.00.

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.