Rogers Communications (RCI) Expected to Announce Quarterly Earnings on Thursday

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $3,873,570.00 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings data on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.35. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. The company's quarterly revenue was up .7% 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.

Rogers Communications Stock Up 0.6 %

Shares of RCI traded up $0.18 during midday trading on Thursday, hitting $28.28. 718,768 shares of the company's stock traded hands, compared to its average volume of 937,012. Rogers Communications has a 1 year low of $27.63 and a 1 year high of $48.19. The firm's fifty day moving average is $32.35 and its 200-day moving average is $36.53. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America downgraded shares of Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a report on Tuesday. Finally, Morgan Stanley began coverage on shares of Rogers Communications in a report on Monday, December 16th. They set an "underweight" rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.