EPS of $0.73 expected for Rogers Communications Inc. (NYSE: RCI) this quarter

Analysts expect Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) to post earnings of $0.73 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Rogers Communications. The lowest EPS estimate is $0.69 and the highest is $0.78. Rogers Communications reported earnings of $0.76 per share in the same quarter last year, indicating a negative 3.9% year-over-year growth rate. The company is expected to announce its next quarterly earnings report before market open on Thursday, January 27.

According to Zacks, analysts expect Rogers Communications to report annual earnings of $2.83 per share for the current year, with EPS estimates ranging from $2.66 to $2.97. For the next fiscal year, analysts expect the company to post earnings of $3.27 per share, with EPS estimates ranging from $3.10 to $3.43. Zacks EPS averages are an average average based on a survey of sell-side research analysts who follow Rogers Communications.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last reported results on Wednesday, October 20. The wireless communications provider reported earnings per share (EPS) of $1.03 for the quarter, beating the consensus estimate of $0.82 by $0.21. The company posted revenue of $3.67 billion in the quarter, versus analyst estimates of $3.69 billion. Rogers Communications had a return on equity of 18.12% and a net margin of 11.09%. The company’s revenues increased by 0.0% compared to the same quarter last year. During the same period last year, the company posted EPS of $0.81.

A number of brokerages have recently released reports on RCI. TheStreet upgraded Rogers Communications from a “c+” rating to a “b-” rating in a Friday, October 22 research note. BMO Capital Markets raised its target price on Rogers Communications from C$68.00 to C$72.00 and gave the stock an “outperform” rating in a Friday, Oct. 22 research note. Royal Bank of Canada upgraded Rogers Communications from an “outperforming” rating to an “sector performance” rating in a Monday, October 25 research report. National Bank Financial cut its price target on Rogers Communications from CA$75.00 to CA$69.00 and set an “outperform” rating for the company in a Tuesday, October 26 report. Finally, they reduced their price target on Rogers Communications from CA$70.00 to CA$69.00 and set a “buy” rating for the company in a report released on Friday, October 22. Four equity research analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $69.33.

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NYSE: RCI opened at $49.35 on Friday. The company has a market capitalization of $24.92 billion, a price/earnings ratio of 19.98, a PEG ratio of 2.35 and a beta of 0.50. The company has a 50-day moving average of $46.97 and a 200-day moving average of $48.68. The company has a debt ratio of 1.44, a current ratio of 0.78 and a quick ratio of 0.73. Rogers Communications has a 1 year minimum of $43.18 and a 1 year maximum of $53.90.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 4. Shareholders of record on Friday, December 10 received a dividend of $0.4059. The ex-dividend date was Thursday, December 9. This represents a dividend of $1.62 on an annualized basis and a yield of 3.29%. This is a positive change from Rogers Communications’ previous quarterly dividend of $0.40. Rogers Communications’ payout ratio is currently 63.16%.

Large investors have recently changed their positions in the stock. Bank of Montreal Can increased its stake in Rogers Communications by 14.0% during the second quarter. Bank of Montreal Can now owns 25,309,328 shares of the wireless communications provider valued at $1,345,697,000 after buying an additional 3,103,785 shares in the last quarter. TD Asset Management Inc. increased its stake in Rogers Communications shares by 2.8% during the third quarter. TD Asset Management Inc. now owns 12,110,403 shares of the wireless communications provider worth $565,442,000 after buying 329,265 additional shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Rogers Communications by 12.6% during the second quarter. Mackenzie Financial Corp now owns 7,688,892 shares of the wireless communications provider worth $408,364,000 after buying an additional 861,675 shares in the last quarter. 1832 Asset Management LP increased its stake in Rogers Communications by 2.1% in the second quarter. 1832 Asset Management LP now owns 7,517,049 shares of the wireless communications provider valued at $397,485,000 after buying an additional 152,904 shares in the last quarter. Finally, the Toronto-Dominion Bank increased its stake in Rogers Communications by 21.0% in the third quarter. The Toronto-Dominion Bank now owns 5,980,742 shares of the wireless communications provider valued at $303,850,000 after buying an additional 1,036,408 shares in the last quarter. 42.28% of the shares are held by institutional investors and hedge funds.

About Rogers Communications

Rogers Communications Inc is 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 and Accessory Financing, Wireless Home Phone, Device Protection, Text Messaging, Email, Roaming world of voice and data, wireline, machine-to-machine and the Internet of Things. and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido and chatr brands to approximately 10.9 million subscribers.

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