Rogers Communications Inc. Expected to Earn Q4 2017 Earnings of $0.68 Per Share (RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Stock analysts at Desjardins dropped their Q4 2017 earnings estimates for Rogers Communications in a research note issued on Monday. Desjardins analyst M. Yaghi now expects that the Wireless communications provider will post earnings per share of $0.68 for the quarter, down from their prior forecast of $0.70. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Rogers Communications’ FY2018 earnings at $3.15 EPS.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Thursday, October 19th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.19). The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.63 billion. Rogers Communications had a return on equity of 31.06% and a net margin of 13.04%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share.

A number of other equities research analysts have also recently issued reports on RCI. Zacks Investment Research cut shares of Rogers Communications from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Barclays upped their price target on shares of Rogers Communications from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. TheStreet upgraded shares of Rogers Communications from a “c+” rating to a “b” rating in a report on Thursday, October 19th. Morgan Stanley upped their price target on shares of Rogers Communications from $67.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Finally, Bank of America assumed coverage on shares of Rogers Communications in a report on Tuesday, November 21st. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Rogers Communications presently has a consensus rating of “Buy” and an average price target of $63.50.

Shares of Rogers Communications (NYSE:RCI) opened at $50.47 on Wednesday. The stock has a market cap of $26,000.00, a price-to-earnings ratio of 25.62, a P/E/G ratio of 3.27 and a beta of 0.93. Rogers Communications has a fifty-two week low of $38.15 and a fifty-two week high of $54.95. The company has a quick ratio of 0.38, a current ratio of 0.41 and a debt-to-equity ratio of 2.01.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, December 8th. Rogers Communications’s payout ratio is presently 78.17%.

A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its position in Rogers Communications by 21.2% in the second quarter. FMR LLC now owns 33,392,433 shares of the Wireless communications provider’s stock worth $1,577,180,000 after purchasing an additional 5,832,908 shares in the last quarter. Vanguard Group Inc. raised its position in Rogers Communications by 3.3% in the second quarter. Vanguard Group Inc. now owns 8,055,432 shares of the Wireless communications provider’s stock worth $380,297,000 after purchasing an additional 256,309 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Rogers Communications by 2.2% in the third quarter. Great West Life Assurance Co. Can now owns 4,816,024 shares of the Wireless communications provider’s stock worth $247,773,000 after purchasing an additional 103,687 shares in the last quarter. APG Asset Management N.V. raised its position in Rogers Communications by 82.0% in the third quarter. APG Asset Management N.V. now owns 3,061,063 shares of the Wireless communications provider’s stock worth $157,479,000 after purchasing an additional 1,379,400 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Rogers Communications by 5.4% in the third quarter. Russell Investments Group Ltd. now owns 2,582,482 shares of the Wireless communications provider’s stock worth $132,863,000 after purchasing an additional 132,934 shares in the last quarter. 47.15% of the stock is owned by hedge funds and other institutional investors.

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Rogers Communications Company Profile

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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