Rogers Communications (RCI) Expected to Announce Earnings on Wednesday

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B is expected to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.72 per share and revenue of $4.96 billion for the quarter. Persons interested in registering for the company's earnings 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, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. 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 Trading Up 3.2 %

Shares of NYSE RCI traded up $0.81 during mid-day trading on Friday, reaching $25.90. 1,035,924 shares of the company's stock were exchanged, compared to its average volume of 1,018,573. The company's 50-day moving average is $26.95 and its 200-day moving average is $31.09. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.43 and a beta of 0.67. Rogers Communications has a 52-week low of $23.18 and a 52-week high of $41.84.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were paid a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a yield of 5.36%. The ex-dividend date was Monday, March 10th. Rogers Communications's dividend payout ratio (DPR) is presently 59.48%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RCI. Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Barclays restated an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Finally, Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Rogers Communications presently has a consensus rating of "Hold" and a consensus price target of $67.00.

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.