Equities Analysts Issue Forecasts for Rogers Communications Inc.’s Q2 2020 Earnings (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Research analysts at Desjardins issued their Q2 2020 EPS estimates for shares of Rogers Communications in a report released on Thursday, January 23rd. Desjardins analyst M. Yaghi expects that the Wireless communications provider will post earnings of $0.88 per share for the quarter. Desjardins also issued estimates for Rogers Communications’ Q3 2020 earnings at $0.92 EPS, Q4 2020 earnings at $0.86 EPS, FY2020 earnings at $3.31 EPS and FY2021 earnings at $3.54 EPS.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Wednesday, January 22nd. The Wireless communications provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.78 by $0.22. Rogers Communications had a net margin of 13.55% and a return on equity of 24.00%. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business earned $1.13 earnings per share. Rogers Communications’s revenue was up .4% compared to the same quarter last year.

Several other research analysts have also recently issued reports on RCI. TD Securities upgraded shares of Rogers Communications to a “buy” rating in a report on Monday, October 21st. Royal Bank of Canada upgraded shares of Rogers Communications from a “sector perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Thursday, October 24th. Canaccord Genuity reiterated a “hold” rating and issued a $66.00 price objective on shares of Rogers Communications in a report on Thursday. UBS Group reiterated a “hold” rating and issued a $67.00 price objective on shares of Rogers Communications in a report on Thursday. Finally, ValuEngine upgraded shares of Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $65.01.

Rogers Communications stock opened at $50.84 on Friday. The firm has a 50 day simple moving average of $49.27 and a 200-day simple moving average of $49.75. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market capitalization of $25.90 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 3.69 and a beta of 0.50. Rogers Communications has a 12-month low of $45.94 and a 12-month high of $55.93.

A number of large investors have recently modified their holdings of RCI. IFP Advisors Inc lifted its position in shares of Rogers Communications by 68.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 272 shares in the last quarter. Allred Capital Management LLC purchased a new stake in shares of Rogers Communications in the 4th quarter valued at approximately $39,000. Willingdon Wealth Management lifted its position in shares of Rogers Communications by 23.4% in the 3rd quarter. Willingdon Wealth Management now owns 1,549 shares of the Wireless communications provider’s stock valued at $75,000 after acquiring an additional 294 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Rogers Communications in the 2nd quarter valued at approximately $261,000. Finally, Symmetry Partners LLC purchased a new stake in shares of Rogers Communications in the 3rd quarter valued at approximately $253,000. Hedge funds and other institutional investors own 43.69% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 3.03%. This is a boost from Rogers Communications’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 9th. Rogers Communications’s dividend payout ratio (DPR) is presently 48.24%.

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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