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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Rogers Communications Inc.    RCI.B   CA7751092007

ROGERS COMMUNICATIONS INC.

(RCI.B)
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Rogers Communications : quarterly profit misses estimates

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04/18/2019 | 08:09am EDT
Rogers Communications logos are seen above a booth at the Canadian International AutoShow in Toronto

(Reuters) - Rogers Communications Inc on Thursday reported a quarterly profit that missed estimates on lower revenue from its media business.

Total media revenue fell 12 percent to C$468 million. The year-ago quarter had recorded a distribution from Major League Baseball to the Toronto Blue Jays.

Excluding the impact, media revenue would have been stable year-on-year, the company said.

Wireless revenue declined marginally during the quarter.

Excluding one-time items, Rogers earned 78 Canadian cents per share during the first quarter, while analysts on an average had estimated a profit of 94 Canadian cents, according to IBES data from Refinitiv.

The Toronto-based company's net income fell to C$391 million ($292.45 million), or 76 Canadian cents per share, in the first quarter ended March 31, from C$425 million, or 80 Canadian cents per share, a year earlier.

Total quarterly revenue fell to C$3.59 billion from C$3.63 billion.

(Reporting by Shradha Singh in Bengaluru; Editing by Shailesh Kuber)

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Financials (CAD)
Sales 2019 15 327 M
EBIT 2019 3 881 M
Net income 2019 2 219 M
Debt 2019 17 055 M
Yield 2019 2,97%
P/E ratio 2019 15,7x
P/E ratio 2020 14,4x
EV / Sales2019 3,36x
EV / Sales2020 3,21x
Capitalization 34 495 M
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Technical analysis trends ROGERS COMMUNICATIONS INC.
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 73,37  CAD
Last Close Price 67,30  CAD
Spread / Highest target 32,2%
Spread / Average Target 9,02%
Spread / Lowest Target -22,7%
EPS Revisions
Managers
NameTitle
Joseph M. Natale President, Chief Executive Officer & Director
Edward S. Rogers Chairman
Daniel Trudeau Operations Manager
Anthony Staffieri Chief Financial Officer
Jorge Capelas Fernandes Chief Technology Officer
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