Equities analysts expect Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) to report sales of $2.32 billion for the current quarter, according to Zacks. Two analysts have made estimates for Rogers Communications’ earnings, with the highest sales estimate coming in at $2.40 billion and the lowest estimate coming in at $2.25 billion. Rogers Communications reported sales of $2.83 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 18%. The firm is expected to issue its next earnings report on Tuesday, July 28th.

According to Zacks, analysts expect that Rogers Communications will report full year sales of $10.33 billion for the current fiscal year, with estimates ranging from $9.81 billion to $11.79 billion. For the next year, analysts expect that the firm will post sales of $10.87 billion, with estimates ranging from $10.52 billion to $12.09 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Rogers Communications.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Wednesday, April 22nd. The Wireless communications provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.13. Rogers Communications had a net margin of 13.45% and a return on equity of 22.08%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year.

A number of research analysts have recently commented on the stock. UBS Group dropped their price objective on shares of Rogers Communications from $67.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Royal Bank of Canada dropped their price objective on shares of Rogers Communications from $64.00 to $63.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. TheStreet downgraded shares of Rogers Communications from a “b-” rating to a “c+” rating in a research note on Friday, March 27th. Zacks Investment Research downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating and set a $46.00 price objective for the company. in a research note on Tuesday, April 7th. Finally, Veritas Investment Research cut Rogers Communications from a “buy” rating to a “sell” rating in a report on Wednesday, April 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $63.57.

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Rogers Communications by 19.0% in the 1st quarter. Van ECK Associates Corp now owns 1,832 shares of the Wireless communications provider’s stock worth $77,000 after acquiring an additional 292 shares in the last quarter. CWM LLC raised its stake in shares of Rogers Communications by 121.5% during the 1st quarter. CWM LLC now owns 720 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Rogers Communications by 0.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 70,391 shares of the Wireless communications provider’s stock worth $2,913,000 after purchasing an additional 510 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of Rogers Communications by 11.9% during the 1st quarter. FDx Advisors Inc. now owns 6,945 shares of the Wireless communications provider’s stock worth $288,000 after purchasing an additional 736 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Rogers Communications by 2.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 36,578 shares of the Wireless communications provider’s stock worth $1,519,000 after purchasing an additional 780 shares in the last quarter. Institutional investors own 43.45% of the company’s stock.

Shares of NYSE RCI traded up $0.74 on Thursday, reaching $40.36. 376,500 shares of the company traded hands, compared to its average volume of 618,223. Rogers Communications has a fifty-two week low of $32.20 and a fifty-two week high of $54.82. The company has a 50 day moving average of $41.41 and a 200 day moving average of $44.84. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $20.01 billion, a PE ratio of 13.73, a P/E/G ratio of 3.87 and a beta of 0.49.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 10th will be issued a $0.3519 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, June 9th. Rogers Communications’s dividend payout ratio is presently 46.33%.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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Earnings History and Estimates for Rogers Communications (NYSE:RCI)

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