RCI Hospitality's new "Back-to-Basics" strategy focuses on improving performance, divesting underperforming Bombshells locations, and refocusing on the primary club acquisition strategy and share buybacks. Recent performance has shown a return to comparable growth in nightclubs, but the remaining Bombshells have continued to lag in sales. With RCI Hospitality's financial targets, including $400 million in FY2029 sales and $75 million in free cash flow, I estimate 26% upside to a fair value of $70.8.
RICK's first-quarter fiscal 2025 top line is hurt by Bombshells' dismal sales.
National Bank lowered the firm's price target on Rogers Communications to C$54 from C$62 and keeps an Outperform rating on the shares.
Roger Communications is suffering due to intense competition, declining cable revenues and shifting consumer trends, which are impacting its market position.
RICK's fourth-quarter fiscal 2024 top line is likely to have been hurt by the dismal performance of Bombshells restaurants.
The BTSX strategy involves buying the top ten yielding stocks from the TSX 60 annually, offering a value play with reasonable P/E ratios. Historically, BTSX has outperformed the TSX, but it underperformed in 2023 and is likely to do so again in 2024. The Canadian market's oligopoly structure, especially in financials, telco, utilities, and pipelines, provides a unique investment landscape with wide moats.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
RCI's expanding portfolio and tech advancements bode well for investors. However, stiff competition and a decline in home phone subscribers are concerns.
Rogers Communication (RCI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Rogers Communications, Inc. (NYSE:RCI ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Paul Carpino - VP, IR Tony Staffieri - President & CEO Glenn Brandt - CFO Conference Call Participants Batya Levi - UBS Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Drew McReynolds - RBC Sebastiano Petti - J.P. Morgan David Barden - Bank of America Jerome Dubreuil - Desjardins Simon Flannery - Morgan Stanley Aravinda Galappatthige - Canaccord Genuity Operator This is the conference operator.
Rogers Communication (RCI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.