Rogers Increases 2017 Guidance For Adj. Operating Profit Growth

Rogers Increases 2017 Guidance For Adj. Operating Profit Growth

(NASDAQ:RCI) to report earnings on Oct, 19 for the fiscal quarter ending Sep 2017. On average, analysts predict that Rogers Communication will post $2.74 EPS for the current year.

Other equities research analysts have also issued research reports about the stock. 140,175 shares of the stock were exchanged. Zacks Investment Research cut shares of Rogers Communication from a "buy" rating to a "hold" rating in a research note on Friday, September 22nd. Finally, BidaskClub raised shares of Rogers Communication from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 16th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company now has an average rating of "Buy" and an average price target of $61.75.

TD Securities upgraded shares of Rogers Communication Inc. If you are viewing this story on another site, it was illegally copied and reposted in violation of worldwide copyright laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/19/rogers-communication-inc-declares-quarterly-dividend-of-0-48-rci.html.

Rogers Communication (NYSE:RCI) opened at 53.75 on Thursday. The firm has a 50-day moving average of $52.29 and a 200-day moving average of $49.02. Beutel Goodman & Co Ltd. increased its stake in Rogers Communication by 4.8% in the second quarter. Rogers Communication had a net margin of 7.42% and a return on equity of 28.90%. Revenue for the quarter was $3.58 billion, led by wireless, which took in $2.1 billion.

Rogers Communications Inc. continues to win wireless customers at a quick pace, adding the most contract subscribers in eight years in the third quarter, and says it plans to put some of the associated profit growth to work by spending more to improve network quality.

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in Rogers Communication by 11.8% in the first quarter.

Rogers now has 8,839,000 postpaid subscribers and 1,786,000 prepaid subscribers, for a total of 10,625,000 wireless subscribers. TD Asset Management Inc. now owns 14,968,919 shares of the company's stock worth $633,893,000 after buying an additional 232,775 shares during the last quarter. AXA boosted its stake in Rogers Communication by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,954,480 shares of the company's stock worth $280,960,000 after buying an additional 747,064 shares during the last quarter. Investors of record on Monday, December 12th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 5.12%. Rogers Communication's payout ratio is 104.05%.

Rogers has reported their third quarter earnings and the company has revealed $467 million CAD in profit, led by growth in its wireless division. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses.

Related Articles

  • Sepp Blatter will accept Vladimir Putin's invitation to Russian Federation

    However, Blatter is confident that the tournament will be a success. "It's a big challenge", he said. It is not yet clear how the ban imposed on Blatter affects his ability to attend football events.
    At least 10 dead in Kabul Shiite mosque attack

    At least 10 dead in Kabul Shiite mosque attack

    At that time, 13 people were killed and dozens injured in the assault claimed by Islamic State (IS, formerly ISIS/ISIL). A suicide bomber detonated explosives inside Imam Zaman mosque in Afghanistan's capital Kabul today, reports said.
    Julia Louis-Dreyfus shares photo after finishing second round of chemo

    Julia Louis-Dreyfus shares photo after finishing second round of chemo

    Dreyfus, 56, shared the quirky photo of her wearing a black hoodie, sunglasses and a drawn mustache. "Chemo #2: finito. "Today, I'm the one", Louis-Dreyfus wrote in her cancer announcement .
  • Donald Trump Is Not The First President To Send Someone A Check

    Donald Trump Is Not The First President To Send Someone A Check

    A few weeks later, President Trump called Baldridge's grieving father to express his condolences and offer him $25,000. He intimated that previous presidents, Barack Obama specifically, didn't reach out to families as much as he did.

    Yamana Gold (AUY) Earns Daily Coverage Optimism Rating of 0.11

    Zacks Investment Research downgraded Yamana Gold from a "hold" rating to a "strong sell" rating in a report on Thursday, July 6th. BidaskClub upgraded shares of Yamana Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 19th.
    Las Vegas Security Guard Opens Up on 'Ellen' About Vegas Massacre

    Las Vegas Security Guard Opens Up on 'Ellen' About Vegas Massacre

    But the door to the 32nd floor was jammed in the stairwell, so he took the elevator up the shooter's floor. Authorities have yet to reveal a motive for Stephen Paddock's attack, which killed 58.
  • What's Consolidated Edison Incorporated (NYSE:ED) Upside After This Short Interest Decrease?

    What's Consolidated Edison Incorporated (NYSE:ED) Upside After This Short Interest Decrease?

    Finally, Pinnacle Financial Partners Inc. acquired a new position in Consolidated Edison in the 2nd quarter worth about $164,000. The firm has "Buy" rating by Evercore given on Thursday, January 19. (NYSE:ED) on Wednesday, August 30 with "Hold" rating.
    Jurgen Klopp hails Liverpool's club-record seven-goal haul at Maribor

    Jurgen Klopp hails Liverpool's club-record seven-goal haul at Maribor

    It was exactly two years to the day since Klopp took charge of a Liverpool game for the first time, a goalless draw at Tottenham. All three of Liverpool's goals in this season's Champions League have been scored in the first half.
    Man City star De Bruyne: We're ruthless compared to past year

    Man City star De Bruyne: We're ruthless compared to past year

    The Belgian attacking midfielder has been a brute force in City's youthful attack which is dismantling best of the English sides. However, De Bruyne has warned his teammates against getting complacent, especially with the majority of the season still to come.
  • Fox News Retracts Story About Fake Navy SEAL

    Fox News Retracts Story About Fake Navy SEAL

    Garofalo is a Navy veteran: He did a four-year stint from '63 to '67 as an aviation boatswain's mate. Fox News has apologized for airing a bogus story about a pro-Trump "war hero".

    Steady Stock Movements: Cliffs Natural Resources Inc (CLF)

    Heading into the earnings release, covering analysts have a consensus target price of $6.86 on Cleveland-Cliffs Inc. shares. BidaskClub lowered Cliffs Natural Resources from a "hold" rating to a "sell" rating in a report on Wednesday, August 16th.

    America Movil, SAB De CV (NYSE:AMX) Under Analyst Spotlight

    With 4,800 avg volume, 0 days are for Aerocentury Corporation (NYSEAMERICAN:ACY)'s short sellers to cover ACY's short positions. Citigroup upgraded America Movil SAB de CV (ADR) (NYSE: AMX ) on Friday, October 28 to "Neutral" rating.