RCI (Rogers Communications Inc.) stock is in for a key growth catalyst

Rogers Communications Inc. (NYSE: RCI) closed the day trading at $41.20 up 0.27% from the previous closing price of $41.09. In other words, the price has increased by $+0.11 from its previous closing price. On the day, 723156 shares were traded.

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Ratios:

For a better understanding of RCI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 35.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.11. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 4.33 whereas as Long-Term Debt/Eq ratio is at 4.01.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RCI now has a Market Capitalization of 21.99B and an Enterprise Value of 54.66B. As of this moment, Rogers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.94, and their Forward P/E ratio for the next fiscal year is 10.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.53 while its Price-to-Book (P/B) ratio in mrq is 2.76. Its current Enterprise Value per Revenue stands at 2.83 whereas that against EBITDA is 7.18.

Stock Price History:

Over the past 52 weeks, RCI has reached a high of $50.00, while it has fallen to a 52-week low of $36.55. The 50-Day Moving Average of the stock is 44.98, while the 200-Day Moving Average is calculated to be 43.05.

Shares Statistics:

Over the past 3-months, RCI traded about 440.04K shares per day on average, while over the past 10 days, RCI traded about 558.34k shares per day. A total of 418.87M shares are outstanding, with a floating share count of 375.60M. Insiders hold about 29.14% of the company’s shares, while institutions hold 50.55% stake in the company. Shares short for RCI as of Feb 29, 2024 were 6.31M with a Short Ratio of 14.33, compared to 3.52M on Jan 31, 2024.

Dividends & Splits

RCI’s forward annual dividend rate is 1.48, up from 2.00 a year ago. Against a Trailing Annual Dividend Yield of 4.87%, it implies a Forward Annual Dividend Yield of 3.60%. The stock’s 5-year Average Dividend Yield is 3.28. The current Payout Ratio is 123.21% for RCI, which recently paid a dividend on Apr 03, 2024 with an ex-dividend date of Mar 08, 2024. Stock splits for the company last occurred on Jan 08, 2007 when the company split stock in a 2:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.79 for the current quarter, with a high estimate of $0.91 and a low estimate of $0.63, while EPS last year was $0.8. The consensus estimate for the next quarter is $0.85, with high estimates of $0.99 and low estimates of $0.66.

Analysts are recommending an EPS of between $4.17 and $2.89 for the fiscal current year, implying an average EPS of $3.58. EPS for the following year is $4, with 13 analysts recommending between $4.6 and $3.36.

Revenue Estimates

5 analysts predict $3.67B in revenue for the current quarter. It ranges from a high estimate of $3.69B to a low estimate of $3.64B. As of the current estimate, Rogers Communications Inc.’s year-ago sales were $2.82B, an estimated increase of 29.90% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $3.8B, an increase of 2.20% less than the figure of $29.90% in the same quarter last year. There is a high estimate of $3.8B for the next quarter, whereas the lowest estimate is $3.78B.

A total of 15 analysts have provided revenue estimates for RCI’s current fiscal year. The highest revenue estimate was $15.65B, while the lowest revenue estimate was $13.51B, resulting in an average revenue estimate of $15.18B. In the same quarter a year ago, actual revenue was $14.21B, up 6.90% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $15.73B in the next fiscal year. The high estimate is $16.12B and the low estimate is $15.36B. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.

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