Rogers Communications (NYSE:RCI) Posts Earnings Results, Beats Estimates By $0.07 EPS

Rogers Communications (NYSE:RCI) (TSE:RCI.B) posted its earnings results on Thursday. The Wireless communications provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07, Zacks reports. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%.

Rogers Communications Stock Performance

Shares of RCI traded up $0.25 on Thursday, reaching $29.00. The company’s stock had a trading volume of 299,161 shares, compared to its average volume of 980,991. Rogers Communications has a 12-month low of $27.63 and a 12-month high of $48.08. The stock has a market capitalization of $15.50 billion, a P/E ratio of 14.15, a PEG ratio of 1.04 and a beta of 0.69. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.68 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $31.64 and its two-hundred day simple moving average is $36.24.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RCI. Morgan Stanley assumed coverage on shares of Rogers Communications in a research report on Monday, December 16th. They issued an “underweight” rating on the stock. Bank of America cut shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Finally, Barclays reissued an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.75.

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.