Rogers Communications (RCI) Scheduled to Post Quarterly Earnings on Wednesday

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B is set to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its earnings results on Thursday, February 1st. The Wireless communications provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.11. Rogers Communications had a net margin of 4.38% and a return on equity of 22.17%. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.99 billion. On average, analysts expect Rogers Communications to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rogers Communications Stock Performance

RCI traded up $0.19 on Wednesday, reaching $37.89. The company had a trading volume of 622,893 shares, compared to its average volume of 523,649. The stock has a 50-day moving average price of $42.63 and a 200-day moving average price of $43.11. The stock has a market capitalization of $20.03 billion, a PE ratio of 31.58, a P/E/G ratio of 1.62 and a beta of 0.59. Rogers Communications has a 1 year low of $36.55 and a 1 year high of $50.00. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 3.81.

Rogers Communications Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, March 11th were issued a $0.3742 dividend. This is an increase from Rogers Communications's previous quarterly dividend of $0.36. This represents a $1.50 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Friday, March 8th. Rogers Communications's payout ratio is presently 122.50%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RCI. StockNews.com cut Rogers Communications from a "hold" rating to a "sell" rating in a research note on Friday, April 5th. Barclays reduced their price objective on Rogers Communications from $52.00 to $46.00 and set an "overweight" rating for the company in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $46.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RCI. Macquarie Group Ltd. acquired a new position in shares of Rogers Communications in the first quarter valued at approximately $82,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of Rogers Communications by 26.7% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,760 shares of the Wireless communications provider's stock valued at $99,000 after purchasing an additional 371 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Rogers Communications in the third quarter valued at approximately $100,000. Sei Investments Co. acquired a new position in shares of Rogers Communications in the first quarter valued at approximately $200,000. Finally, Syon Capital LLC acquired a new position in shares of Rogers Communications in the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 45.49% of the company's stock.

About Rogers Communications

Rogers Communications Inc operates as 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 financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.