Rogers Communications (RCI) to Release Earnings on Thursday

Rogers Communications (NYSE:RCI) (TSE:RCI.B) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.33. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.14 billion. Rogers Communications had a return on equity of 23.15% and a net margin of 4.28%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. 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 Price Performance

NYSE RCI opened at $39.04 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 3.58. The company has a market cap of $20.69 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67. Rogers Communications has a 52 week low of $35.55 and a 52 week high of $48.19. The firm’s 50-day simple moving average is $39.82 and its two-hundred day simple moving average is $38.89.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of Rogers Communications from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Canaccord Genuity Group downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. TD Securities increased their target price on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. StockNews.com upgraded shares of Rogers Communications from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $57.00 price objective (down previously from $59.00) on shares of Rogers Communications in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.