Amid the current market turmoil, Rogers offers a stable 6.5% dividend yield in a business that has limited direct exposure to U.S. tariffs. With a dividend payout ratio of 61%, Rogers has substantially improved its dividend coverage from its 5-year average of 85%. At 9X earnings, the company is currently trading at an attractive valuation relative to its 5-year average P/E of 14X.
Canada's Rogers Communications announced on Wednesday a new 12-year agreement worth C$11 billion ($7.68 billion) to secure media rights for the National Hockey League (NHL) games across all platforms in Canada.
Tom Rogers, Claigrid executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Warner Bros. Discovery's quarterly earnings results, strength of its streaming business, stabilization of its cable business, and more.
Rogers Corporation (NYSE:ROG ) Q4 2024 Earnings Conference Call February 19, 2024 5:00 PM ET Company Participants Steve Haymore - Director, IR Colin Gouveia - President and CEO Laura Russell - SVP and CFO Conference Call Participants Steve Haymore Good afternoon everyone and welcome to the Rogers Corporation Fourth Quarter 2024 Earnings Conference Call. The slides for today's call can be found on the Investor section of our website, along with the news release that was issued earlier today.
Rogers Corp. (ROG) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.60 per share a year ago.
Rogers Communications' share price decline in 2025 is overdone; the company trades at the lowest EV/EBITDA multiple among peers and has a clear debt reduction strategy. RCI's high debt stems from acquiring Shaw Communications and potentially MLSE; however, synergies and strategic benefits are expected to help drive future growth. A potential $7 billion structured equity investment and strong free cash flow will aid debt reduction, positioning Rogers to improve its financial standing relative to Bell and Telus.
RCI's fourth-quarter 2024 results reflect revenue growth in Media businesses, driven by higher concert-related revenues.
Canada's antitrust regulator said on Monday it was suing Rogers Communications Inc for allegedly misleading consumers about offering unlimited data under some phone plans.
I'm upgrading Rogers Communications to a 'buy' due to strong Q3 results, effective Shaw integration, and disciplined balance sheet management. Rogers reported $5.13 billion in revenue and record net additions, with wireless margins at 66% and cable margins at 58%. The $7 billion structured equity financing deal will reduce leverage to 3.7x, enhancing financial flexibility for growth and shareholder returns.
RCI's third-quarter 2024 results reflect revenue growth in Media businesses, driven by higher sports-related revenues.
Rogers Corporation (NYSE:ROG ) Q3 2024 Earnings Call Transcript October 24, 2024 5:00 PM ET Company Participants Steve Haymore - Director, Investor Relations Colin Gouveia - President and CEO Laura Russell - Interim CFO Conference Call Participants Daniel Moore - CJS Securities Craig Ellis - B. Riley Securities Operator Good afternoon.