Analysts expect Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) to post $2.93 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Rogers Communications’ earnings, with the highest sales estimate coming in at $2.96 billion and the lowest estimate coming in at $2.90 billion. Rogers Communications reported sales of $2.88 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The company is expected to issue its next earnings results on Friday, October 18th.
On average, analysts expect that Rogers Communications will report full-year sales of $11.65 billion for the current year, with estimates ranging from $11.55 billion to $11.79 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $11.94 billion, with estimates ranging from $11.81 billion to $12.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Rogers Communications.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Tuesday, July 23rd. The Wireless communications provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.02). The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.87 billion. Rogers Communications had a return on equity of 26.66% and a net margin of 13.79%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 EPS.
Rogers Communications stock traded up $0.16 during trading hours on Friday, reaching $51.67. 547,426 shares of the company were exchanged, compared to its average volume of 387,633. The firm has a market capitalization of $26.61 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.94. The firm has a 50-day moving average price of $53.12. Rogers Communications has a 12 month low of $48.67 and a 12 month high of $55.93.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be issued a $0.3732 dividend. This represents a $1.49 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, September 6th. Rogers Communications’s dividend payout ratio is 44.18%.
A number of institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its position in Rogers Communications by 34.2% in the 1st quarter. Signaturefd LLC now owns 1,780 shares of the Wireless communications provider’s stock valued at $96,000 after buying an additional 454 shares during the last quarter. Exane Derivatives boosted its stake in shares of Rogers Communications by 107.0% during the 1st quarter. Exane Derivatives now owns 2,070 shares of the Wireless communications provider’s stock worth $111,000 after acquiring an additional 1,070 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Rogers Communications by 26.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,163 shares of the Wireless communications provider’s stock worth $111,000 after acquiring an additional 453 shares during the period. Neuburgh Advisers LLC boosted its stake in shares of Rogers Communications by 12.2% during the 2nd quarter. Neuburgh Advisers LLC now owns 2,352 shares of the Wireless communications provider’s stock worth $121,000 after acquiring an additional 256 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its stake in Rogers Communications by 12.2% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 3,234 shares of the Wireless communications provider’s stock valued at $166,000 after purchasing an additional 352 shares during the period. Institutional investors and hedge funds own 44.65% 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 Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.
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