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Rogers Comm. (RCI) Beats on Earnings and Revenues in Q4
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Rogers Communications Inc. (RCI - Free Report) is the largest integrated telecom operator in Canada.
We are impressed with Rogers Communications’ efforts to reward its shareholders with quarterly cash dividends. The board of directors declared a quarterly dividend of $0.48 per share on each of its outstanding Class B non-Voting shares and Class A Voting shares. The dividend was paid on Jan 3, 2017 to shareholders of record on Dec 12, 2016.
However, intense wireless and cable TV industry competition, continuous softness in the advertising market and loss of viewers to video streaming service providers act as potent headwinds for the company. The accumulating debt and decreasing cash flow may also dent the company’s credit ratings going forward. Discontinuation of Shomi video streaming services and dumping of IPTV act against the company’s growth prospects.
Inspite of such troubles, the company continues to be the first wireless operator in Canada to offer Internet of Things services like End-to-End Incident Management, Farm & Food Monitoring, Level Monitoring, to business enterprises. Meanwhile, its decision to purchase broadcasting company, Tillsonburg Broadcasting Company Limited and offering of Rogers Unison (a new mobile solution) to small businesses also bodes well. We believe these strategic moves are likely to have helped the company in adding high-speed Internet customers.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:The Company lags fourth quarter earnings. Our consensus called for an adjusted EPS (earnings per share) of 52 cents while the company reported adjusted EPS of 55 cents.
Revenue: RogersCommunications reported total revenue of $2,629 million surpassing the Zacks Consensus Estimate of $2,619 million.
Key States to Note: In the fourth quarter, Rogers Communications added 93,000 wireless postpaid connections,with steady churn of 1.35% year over year. Wireless service revenue went up 6% and adjusted operating profit rose by 5%.
Check back later for our full write up on this Rogers Communications earnings report later!
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Rogers Comm. (RCI) Beats on Earnings and Revenues in Q4
Rogers Communications Inc. (RCI - Free Report) is the largest integrated telecom operator in Canada.
We are impressed with Rogers Communications’ efforts to reward its shareholders with quarterly cash dividends. The board of directors declared a quarterly dividend of $0.48 per share on each of its outstanding Class B non-Voting shares and Class A Voting shares. The dividend was paid on Jan 3, 2017 to shareholders of record on Dec 12, 2016.
However, intense wireless and cable TV industry competition, continuous softness in the advertising market and loss of viewers to video streaming service providers act as potent headwinds for the company. The accumulating debt and decreasing cash flow may also dent the company’s credit ratings going forward. Discontinuation of Shomi video streaming services and dumping of IPTV act against the company’s growth prospects.
Inspite of such troubles, the company continues to be the first wireless operator in Canada to offer Internet of Things services like End-to-End Incident Management, Farm & Food Monitoring, Level Monitoring, to business enterprises. Meanwhile, its decision to purchase broadcasting company, Tillsonburg Broadcasting Company Limited and offering of Rogers Unison (a new mobile solution) to small businesses also bodes well. We believe these strategic moves are likely to have helped the company in adding high-speed Internet customers.
Zacks Rank: RogersCommunications currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:The Company lags fourth quarter earnings. Our consensus called for an adjusted EPS (earnings per share) of 52 cents while the company reported adjusted EPS of 55 cents.
Revenue: RogersCommunications reported total revenue of $2,629 million surpassing the Zacks Consensus Estimate of $2,619 million.
Key States to Note: In the fourth quarter, Rogers Communications added 93,000 wireless postpaid connections,with steady churn of 1.35% year over year. Wireless service revenue went up 6% and adjusted operating profit rose by 5%.
Rogers Communication, Inc. Price and EPS Surprise
Rogers Communication, Inc. Price and EPS Surprise | Rogers Communication, Inc. Quote
Check back later for our full write up on this Rogers Communications earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>