Analysts Expect Rogers Communications Inc. (NYSE:RCI) Will Announce Quarterly Sales of $2.32 Billion
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.
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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