Rogers Communications (RCI) Expected to Announce Earnings on Thursday

Rogers Communications (NYSE:RCI) (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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.35. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $3.79 billion. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. 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 Down 0.6 %

Shares of RCI stock opened at $28.10 on Thursday. Rogers Communications has a twelve month low of $27.63 and a twelve month high of $48.19. The stock has a market cap of $15.02 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.05 and a beta of 0.69. The stock has a 50 day moving average of $32.50 and a 200 day moving average of $36.59. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RCI. Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a report on Tuesday. Bank of America downgraded shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley began coverage on Rogers Communications in a research report on Monday, December 16th. They set an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.