Rogers Communication Inc. (NYSE:RCI) posted its quarterly earnings results on Monday. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Rogers Communication had a return on equity of 24.94% and a net margin of 10.42%. The business earned $3.49 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year.

Shares of Rogers Communication (NYSE:RCI) opened at 41.33 on Monday. The stock has a 50 day moving average price of $42.29 and a 200-day moving average price of $40.89. Rogers Communication has a 52-week low of $32.50 and a 52-week high of $45.50. The stock has a market capitalization of $21.27 billion, a PE ratio of 20.08 and a beta of 0.87.

Earnings History for Rogers Communication (NYSE:RCI)

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Sunday, September 11th were given a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This is a boost from Rogers Communication’s previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.65%. Rogers Communication’s payout ratio is 71.36%.

A number of large investors have recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Rogers Communication by 10.6% in the second quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $129,000 after buying an additional 309 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Rogers Communication by 0.5% in the second quarter. Alliancebernstein L.P. now owns 376,823 shares of the company’s stock valued at $15,224,000 after buying an additional 1,888 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Rogers Communication by 3.2% in the second quarter. Commonwealth Bank of Australia now owns 64,447 shares of the company’s stock valued at $2,608,000 after buying an additional 1,979 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Rogers Communication by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 122,008 shares of the company’s stock valued at $4,929,000 after buying an additional 2,407 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Rogers Communication by 19.1% in the second quarter. State Street Corp now owns 24,361 shares of the company’s stock valued at $985,000 after buying an additional 3,907 shares during the last quarter. 49.28% of the stock is currently owned by hedge funds and other institutional investors.

RCI has been the subject of a number of research reports. Zacks Investment Research upgraded Rogers Communication from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Wednesday, September 21st. TD Securities reiterated a “buy” rating and set a $58.00 target price on shares of Rogers Communication in a research report on Wednesday, July 6th. TheStreet upgraded Rogers Communication from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Bank of America Corp. initiated coverage on Rogers Communication in a research report on Tuesday, July 5th. They set a “neutral” rating for the company. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Rogers Communication in a research report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Rogers Communication presently has a consensus rating of “Buy” and an average target price of C$50.00.

Rogers Communication Company Profile

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet and telephony services to consumers and businesses. The Company operates through four segments: Wireless, Cable, Business Solutions and Media. Its Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

5 Day Chart for NYSE:RCI

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