Rogers Communications (NYSE:RCI) Posts Earnings Results, Beats Estimates By $0.07 EPS

Rogers Communications (NYSE:RCI) (TSE:RCI.B) released its quarterly earnings results on Thursday. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, beating 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 Stock Down 4.0 %

Shares of RCI opened at $27.48 on Friday. Rogers Communications has a 52-week low of $27.45 and a 52-week high of $48.08. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35. The stock has a fifty day simple moving average of $31.35 and a two-hundred day simple moving average of $36.12. The company has a market capitalization of $14.69 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.07 and a beta of 0.69.

Rogers Communications Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th will be paid a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Monday, March 10th. Rogers Communications’s dividend payout ratio (DPR) is currently 68.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Bank of America cut shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Morgan Stanley began coverage on Rogers Communications in a report on Monday, December 16th. They set an “underweight” rating for the company. Finally, Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.75.

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 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.