Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at Cormark dropped their FY2019 EPS estimates for Rogers Communications in a note issued to investors on Monday, April 22nd. Cormark analyst D. Mcfadgen now forecasts that the Wireless communications provider will post earnings per share of $3.53 for the year, down from their previous estimate of $3.60. Cormark also issued estimates for Rogers Communications’ FY2020 earnings at $3.81 EPS.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Thursday, April 18th. The Wireless communications provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.72 billion. Rogers Communications had a return on equity of 27.52% and a net margin of 13.47%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share.

A number of other equities research analysts have also weighed in on RCI. Echelon Wealth Partners reissued a “buy” rating on shares of Rogers Communications in a report on Friday, January 25th. Zacks Investment Research raised shares of Rogers Communications from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Friday, February 8th. Scotiabank lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Monday. Howard Weil lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Monday. Finally, Scotia Howard Weill reissued a “sector perform” rating on shares of Rogers Communications in a report on Monday. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.68.

Shares of RCI opened at $48.93 on Tuesday. The firm has a market cap of $26.44 billion, a PE ratio of 14.61, a P/E/G ratio of 2.93 and a beta of 0.71. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.65 and a current ratio of 0.72. Rogers Communications has a 1-year low of $46.09 and a 1-year high of $55.93.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th will be issued a dividend of $0.3753 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, June 7th. Rogers Communications’s dividend payout ratio (DPR) is presently 45.37%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Rogers Communications in the fourth quarter valued at $88,666,000. Nordea Investment Management AB boosted its holdings in Rogers Communications by 1,093.0% in the fourth quarter. Nordea Investment Management AB now owns 1,634,295 shares of the Wireless communications provider’s stock valued at $114,337,000 after purchasing an additional 1,497,300 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Rogers Communications by 26.6% in the fourth quarter. Mackenzie Financial Corp now owns 3,826,705 shares of the Wireless communications provider’s stock valued at $196,157,000 after purchasing an additional 803,916 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Rogers Communications by 8,693.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 543,236 shares of the Wireless communications provider’s stock valued at $27,846,000 after purchasing an additional 537,058 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in Rogers Communications by 2.7% in the third quarter. Vanguard Group Inc now owns 9,184,653 shares of the Wireless communications provider’s stock valued at $472,183,000 after purchasing an additional 237,435 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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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