Rogers Communications (NYSE:RCI) (TSE:RCI.B) – Investment analysts at Cormark issued their Q1 2018 EPS estimates for shares of Rogers Communications in a note issued to investors on Tuesday, April 17th. Cormark analyst D. Mcfadgen anticipates that the Wireless communications provider will earn $0.56 per share for the quarter.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. Rogers Communications had a net margin of 12.09% and a return on equity of 30.65%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS.
Several other brokerages also recently commented on RCI. Zacks Investment Research raised shares of Rogers Communications from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Barclays reissued a “hold” rating and issued a $55.00 price objective on shares of Rogers Communications in a research note on Friday, January 26th. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, National Bank Financial downgraded shares of Rogers Communications from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.75.
Shares of NYSE:RCI opened at $45.36 on Wednesday. The company has a market capitalization of $23,408.50, a P/E ratio of 16.74, a P/E/G ratio of 2.90 and a beta of 0.84. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 2.00. Rogers Communications has a one year low of $43.11 and a one year high of $54.95.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Monday, March 12th were paid a dividend of $0.3843 per share. This represents a $1.54 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, March 9th. Rogers Communications’s payout ratio is currently 57.56%.
Several hedge funds have recently added to or reduced their stakes in RCI. USS Investment Management Ltd bought a new position in shares of Rogers Communications during the fourth quarter valued at $130,443,000. The Manufacturers Life Insurance Company raised its stake in shares of Rogers Communications by 79.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,596,985 shares of the Wireless communications provider’s stock valued at $234,125,000 after acquiring an additional 2,041,583 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Rogers Communications during the fourth quarter valued at $85,673,000. APG Asset Management N.V. raised its stake in shares of Rogers Communications by 43.1% during the fourth quarter. APG Asset Management N.V. now owns 4,381,163 shares of the Wireless communications provider’s stock valued at $186,516,000 after acquiring an additional 1,320,100 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Rogers Communications by 71.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,028,391 shares of the Wireless communications provider’s stock valued at $154,236,000 after acquiring an additional 1,263,019 shares during the last quarter. 47.50% of the stock is owned by hedge funds and other institutional investors.
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About Rogers Communications
Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.
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