Rogers Communications (NYSE:RCI) Releases Earnings Results, Beats Expectations By $0.13 EPS

Rogers Communications (NYSE:RCI) (TSE:RCI.B) announced its earnings results on Tuesday. The Wireless communications provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.13, Briefing.com reports. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.57 billion. Rogers Communications had a net margin of 11.46% and a return on equity of 17.83%. Rogers Communications’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share.

NYSE RCI traded down $0.31 on Thursday, reaching $50.95. 4,181 shares of the company’s stock traded hands, compared to its average volume of 241,508. Rogers Communications has a 12 month low of $37.84 and a 12 month high of $53.90. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average price of $52.16. The firm has a market cap of $25.73 billion, a PE ratio of 21.39, a PEG ratio of 2.29 and a beta of 0.50.

A number of equities research analysts recently weighed in on RCI shares. Desjardins raised their target price on shares of Rogers Communications from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, April 23rd. National Bank Financial reaffirmed an “outperform” rating on shares of Rogers Communications in a research note on Thursday, April 22nd. Canaccord Genuity lowered their target price on shares of Rogers Communications from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, April 22nd. Zacks Investment Research downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a research note on Monday, June 28th. Finally, Royal Bank of Canada lowered their target price on shares of Rogers Communications from C$77.00 to C$76.00 and set an “outperform” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.78.

About Rogers Communications

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 and accessory financing, wireless home phone, device protection, text messaging, e-mail, global voice and data roaming, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands to approximately 10.9 million subscribers.

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Earnings History for Rogers Communications (NYSE:RCI)

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