Rogers Communication, Inc. (NYSE:RCI) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Previous Quarter Performance
Rogers Communication, Inc. revealed income for the second quarter of $ 0.40 per share, from the revenue of $ 2,276.00 million, On adjusted basis, RCI reported income for the quarter of $ 0.44 per share. The quarterly earnings fell 52.94 percent while revenues contracted 18.63 percent compared with the same quarter last year. The consensus estimates are income of $ 0.60 per share from $ 2760.00 million in revenue. The bottom line results missed street analysts by $ 0.16 or 26.67 percent, at the same time, top line results fell short of analysts by $ 484 million or 17.54 percent.
Stock Performance
Shares of Rogers Communication, Inc. traded up $ 0.22 or 0.55 percent on Wednesday, reaching $ 40.12 with volume of 149.10 thousand shares. The stock opened down for the day at $ 39.81, after closing the previous day trading at $ 39.90.
According to the previous trading day, closing price of $ 39.90, representing a 23.91 % increase from the 52 week low of $ 32.20 and a 22.21 % decrease over the 52 week high of $ 51.29.
The company has a market capital of $ 20.39 billion and is part of the Communication Services sector and Telecom Services industry.
Recent Analyst recommendations
- On 2nd October 2020, initiated by Barclays at Equal-Weight rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.50 per share on July 22, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 9, 2020 and ex-dividend date on September 8, 2020.
Conference Call
Rogers Communication, Inc. will be hosting a conference call at 8:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rogers.com
Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media.
