The Wireless communications provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.71 by $0.03.
Rogers Communication, Inc. has a 1-year low of $37.03 and a 1-year high of $53.98. Revenue growth was driven primarily by a 7% jump in the wireless service segment, while media revenue, which includes radio and TV as well as the company's sports interests, fell 3% to $516 million, reflecting the boost in 2016 from WORLD CUP OF HOCKEY revenue and declines in publishing due to a move to digital. Goldman Sachs Group Inc. now owns 991,813 shares of the Wireless communications provider's stock valued at $46,823,000 after acquiring an additional 103,489 shares during the last quarter. The company has a 50 day moving average price of $52.29 and a 200 day moving average price of $49.02. Analysts predict that Rogers Communication, Inc. will post $2.74 earnings per share for the current year. 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 upgraded shares of Rogers Communication from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 16th. Finally, Institute for Wealth Management LLC. bought a new position in shares of Rogers Communication during the second quarter valued at $271,000. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Rogers Communication has a consensus rating of "Buy" and a consensus price target of $61.75.
$140 million in tax increases to fill PA's budget
Wolf says it's a fair and "common sense" proposal that will address the structural budget deficit. The Pennsylvania House of Representatives has passed a bill to fund the unfinished state budget.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a dividend of $0.48 per share. If you are reading this article on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright laws. This represents a $1.92 annualized dividend and a yield of 3.57%. The original version of this article can be viewed at https://www.truebluetribune.com/2017/10/19/q3-2017-eps-estimates-for-rogers-communication-inc-rci-decreased-by-analyst.html. Rogers Communication's dividend payout ratio (DPR) is 104.05%.
Rogers Communications Inc is a communications and media company. Our team delivered on all key operating and financial metrics in our largest segment, Wireless.
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