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    RCI.B   CA7751092007

ROGERS COMMUNICATIONS INC.

(RCI.B)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Rogers tops profit estimates as wireless subscriber base grows

04/19/2018 | 04:24pm EDT
A sign is pictured outside a Rogers Communications retail store in Ottawa

(Reuters) - Rogers Communications Inc's (>> Rogers Communications Inc.) first-quarter profit topped analysts' forecasts as the Canadian cable and telecom company signed up more wireless postpaid and internet customers.

(Reuters) - Rogers Communications Inc's (>> Rogers Communications Inc.) first-quarter profit topped analysts' forecasts as the Canadian cable and telecom company signed up more wireless postpaid and internet customers.

Rogers, Canada's largest wireless company by market share, said on Thursday it added 95,000 net postpaid wireless subscribers in the first three months of 2018, up by 35,000 compared with a year earlier.

Toronto-based Rogers has been focusing on growing its wireless network as it faces fierce competition from Telus Corp (>> TELUS Corporation), BCE Inc and Shaw Communications Inc.

Rogers' net income rose to C$425 million ($335.7 million) or 80 Canadian cents per share in the first quarter, from C$310 million or 60 Canadian cents per share a year earlier.

Excluding one-time items, Rogers earned 90 Canadian cents per share, ahead of analysts' average estimate of 75 Canadian cents, according to Thomson Reuters I/B/E/S.

Revenue rose 7.7 percent to C$3.63 billion.

(Reporting by Anirban Paul in Bengaluru; Editing by Sai Sachin Ravikumar)


ę Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
BASE CO., LTD. 0.00% 5150 End-of-day quote.-16.26%
BASE, INC. -1.39% 1136 End-of-day quote.-41.80%
BCE INC. -0.89% 63.69 Delayed Quote.18.04%
ROGERS COMMUNICATIONS INC. -0.84% 58.95 Delayed Quote.0.64%
SHAW COMMUNICATIONS INC. -0.48% 36.5 Delayed Quote.64.19%
TELUS CORPORATION -0.80% 28.085 Delayed Quote.13.72%
THOMSON REUTERS CORPORATION -0.05% 142.74 Delayed Quote.37.27%
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Analyst Recommendations on ROGERS COMMUNICATIONS INC.
More recommendations
Financials
Sales 2021 14 711 M 11 620 M 11 620 M
Net income 2021 1 668 M 1 317 M 1 317 M
Net Debt 2021 19 207 M 15 172 M 15 172 M
P/E ratio 2021 17,8x
Yield 2021 3,35%
Capitalization 30 376 M 24 023 M 23 995 M
EV / Sales 2021 3,37x
EV / Sales 2022 3,06x
Nbr of Employees 23 500
Free-Float 69,6%
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
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 59,64 CAD
Average target price 72,33 CAD
Spread / Average Target 21,3%
EPS Revisions
Managers and Directors
Joseph Natale President, CEO & Non-Independent Director
Anthony Staffieri Chief Financial Officer
Edward S. Rogers Chairman
Jorge Capelas Fernandes Chief Technology & Information Officer
David Robert Peterson Independent Director
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