Rogers Communications (NYSE:RCI) (TSE:RCI.B) issued its quarterly earnings data on Wednesday. The Wireless communications provider reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.22, Briefing.com reports. Rogers Communications had a net margin of 13.55% and a return on equity of 24.00%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business earned $1.13 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis.
Shares of Rogers Communications stock opened at $50.30 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.71 and a quick ratio of 0.65. The company has a 50-day moving average of $49.30 and a 200 day moving average of $49.73. The firm has a market cap of $25.96 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 3.26 and a beta of 0.50. Rogers Communications has a 1 year low of $45.94 and a 1 year high of $55.93.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be paid a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 3.06%. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 9th. Rogers Communications’s dividend payout ratio (DPR) is presently 48.24%.
Several brokerages have commented on RCI. Canaccord Genuity restated a “hold” rating and issued a $66.00 price objective on shares of Rogers Communications in a report on Thursday. CIBC restated a “hold” rating and issued a $68.00 price objective on shares of Rogers Communications in a report on Thursday. TD Securities upgraded shares of Rogers Communications to a “buy” rating in a report on Monday, October 21st. UBS Group restated a “hold” rating and issued a $67.00 price objective on shares of Rogers Communications in a report on Thursday. Finally, ValuEngine upgraded shares of Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $65.01.
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 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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