Rogers Communications (NYSE:RCI) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Rogers Communications (NYSE:RCI) (TSE:RCI.B) released its earnings results on Thursday. The Wireless communications provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07, Zacks reports. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%.

Rogers Communications Trading Down 0.4 %

RCI opened at $28.62 on Friday. The business’s 50 day moving average price is $31.51 and its 200 day moving average price is $36.19. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.64 and a current ratio of 0.68. The stock has a market capitalization of $15.30 billion, a PE ratio of 13.96, a P/E/G ratio of 1.07 and a beta of 0.69. Rogers Communications has a one year low of $27.63 and a one year high of $48.08.

Analysts Set New Price Targets

A number of brokerages have commented on RCI. Barclays reissued an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Morgan Stanley started coverage on Rogers Communications in a report on Monday, December 16th. They issued an “underweight” rating on the stock. Finally, Bank of America lowered shares of Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Rogers Communications presently has an average rating of “Hold” and a consensus price target of $61.75.

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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.