Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect Rogers Communication to post earnings of $1.00 per share for the quarter.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Thursday, July 20th. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Rogers Communication had a net margin of 7.42% and a return on equity of 28.90%. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, analysts expect Rogers Communication to post $2.73 EPS for the current fiscal year and $2.98 EPS for the next fiscal year.
Rogers Communication, Inc. (NYSE RCI) opened at 53.07 on Thursday. The firm has a market cap of $27.32 billion, a price-to-earnings ratio of 32.09 and a beta of 0.86. The stock has a 50 day moving average of $52.03 and a 200 day moving average of $48.67. Rogers Communication, Inc. has a one year low of $37.03 and a one year high of $53.55.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 15th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, September 14th. Rogers Communication’s dividend payout ratio is presently 104.05%.
COPYRIGHT VIOLATION WARNING: “Rogers Communication, Inc. (RCI) Scheduled to Post Earnings on Thursday” was published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.themarketsdaily.com/2017/10/12/rogers-communication-inc-rci-scheduled-to-post-earnings-on-thursday.html.
A number of brokerages recently weighed in on RCI. Zacks Investment Research raised shares of Rogers Communication from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Monday, September 25th. BidaskClub raised shares of Rogers Communication from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Finally, Morgan Stanley lifted their target price on shares of Rogers Communication from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, August 25th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $57.29.
Rogers Communication Company Profile
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
Receive News & Ratings for Rogers Communication Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communication Inc. and related companies with MarketBeat.com's FREE daily email newsletter.