Rogers Communications (RCI) to Release Quarterly Earnings on Wednesday

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B is projected to release its earnings data before the market opens on Wednesday, April 23rd. Analysts expect Rogers Communications to post earnings of $0.72 per share and revenue of $4.96 billion for the quarter. Parties that wish to register for 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, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. On average, analysts expect Rogers Communications to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rogers Communications Trading Up 3.2 %

Rogers Communications stock traded up $0.81 during trading on Friday, hitting $25.90. The company had a trading volume of 1,035,924 shares, compared to its average volume of 1,018,305. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The company's 50 day simple moving average is $26.95 and its 200-day simple moving average is $31.20. Rogers Communications has a 1-year low of $23.18 and a 1-year high of $41.84. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Rogers Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were issued a $0.347 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.39 annualized dividend and a dividend yield of 5.36%. Rogers Communications's dividend payout ratio is presently 59.48%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RCI shares. Canaccord Genuity Group upgraded shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Finally, Bank of America lowered Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $67.00.

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.