Rogers Communications (RCI) Set to Announce Quarterly Earnings on Wednesday

Posted by on Jul 19th, 2023

Rogers Communications (TSE:RCI – Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of C$1.10 per share for the quarter.

Rogers Communications (TSE:RCI – Get Free Report) last posted its earnings results on Wednesday, April 26th. The company reported C$1.09 EPS for the quarter, missing analysts’ consensus estimates of C$1.11 by C($0.02). The company had revenue of C$3.84 billion during the quarter, compared to the consensus estimate of C$3.81 billion.

Rogers Communications Price Performance

Rogers Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Friday, June 9th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, June 8th. This represents a $2.00 annualized dividend and a yield of ∞.

Analysts Set New Price Targets

RCI has been the topic of a number of analyst reports. Scotiabank increased their target price on Rogers Communications from C$74.75 to C$75.75 in a report on Thursday, April 27th. BMO Capital Markets raised their target price on Rogers Communications from C$70.00 to C$72.00 in a research report on Thursday, April 27th. CIBC raised their target price on Rogers Communications from C$75.00 to C$76.00 in a research report on Thursday, April 27th. Royal Bank of Canada boosted their target price on Rogers Communications from C$68.00 to C$70.00 in a research note on Thursday, April 27th. Finally, Desjardins upped their target price on Rogers Communications from C$68.00 to C$69.00 in a research report on Thursday, April 27th.

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Earnings History for Rogers Communications (TSE:RCI)

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