Rogers Communications (NYSE:RCI) (TSE:RCI.B) will be announcing its earnings results before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.02 per share for the quarter. Rogers Communications has set its FY 2019 guidance at EPS.Investors that are interested in registering for 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 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). Rogers Communications had a net margin of 13.79% and a return on equity of 26.66%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. On average, analysts expect Rogers Communications to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
RCI opened at $49.75 on Monday. Rogers Communications has a 1-year low of $47.62 and a 1-year high of $55.93. 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 stock has a market capitalization of $25.37 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 3.30 and a beta of 0.52. The business has a 50 day moving average of $49.45 and a 200-day moving average of $51.59.
Several equities research analysts have recently weighed in on RCI shares. Echelon Wealth Partners raised Rogers Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. cut Rogers Communications from a “neutral” rating to an “underweight” rating in a research report on Monday, July 8th. Zacks Investment Research cut Rogers Communications from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Tuesday, September 24th. ValuEngine cut Rogers Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets reduced their price objective on Rogers Communications from $81.00 to $79.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $59.18.
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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