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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 : 2Q Profit Falls Amid Covid-19 Disruptions

07/22/2020 | 05:48am EST

By Dave Sebastian

 

Rogers Communications Inc. said its profit fell for the second quarter as revenue in its wireless service and equipment as well as media segments fell due to the Covid-19 pandemic.

The Canadian telecommunications company on Wednesday posted net income of 279 million Canadian dollars ($207.7 million), or C$0.54 a share, compared with C$591 million, or C$1.15 a share, in the year-ago period.

Adjusted earnings were C$0.60 a share, lower than the C$0.91 a share analysts polled by FactSet had expected.

Revenue fell 17%, to C$3.16 billion. Analysts were looking for C$3.44 billion.

The company said wireless service revenue fell 13% due to a decline in roaming amid global travel restrictions. Wireless equipment revenue fell 17% due to lower additions and device upgrades by existing subscribers. Media revenue fell by half because of lower advertising revenue, the company said. Cable revenue declined 3% due to a decrease in the company's legacy television and home phone subscriber bases.

The company said it couldn't yet determine the full effect of the pandemic on its business.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

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Financials
Sales 2020 14 009 M 11 093 M 11 093 M
Net income 2020 1 605 M 1 271 M 1 271 M
Net Debt 2020 17 362 M 13 749 M 13 749 M
P/E ratio 2020 19,2x
Yield 2020 3,33%
Capitalization 30 485 M 24 112 M 24 141 M
EV / Sales 2020 3,42x
EV / Sales 2021 3,20x
Nbr of Employees 25 300
Free-Float 69,7%
Chart ROGERS COMMUNICATIONS INC.
Duration : Period :
Rogers Communications Inc. Technical Analysis Chart | RCI.B | CA7751092007 | MarketScreener
Technical analysis trends ROGERS COMMUNICATIONS INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 67,06 CAD
Last Close Price 60,10 CAD
Spread / Highest target 28,1%
Spread / Average Target 11,6%
Spread / Lowest Target 1,50%
EPS Revisions
Managers and Directors
NameTitle
Joseph M. Natale President, CEO & Non-Independent Director
Edward S. Rogers Chairman
Daniel Trudeau Manager-Outside Plant Engineering
Anthony Staffieri Chief Financial Officer
Jorge Capelas Fernandes Chief Technology & Information Officer
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