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.
Rogers Corp. (ROG) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $1.24 per share a year ago.
Canada's Rogers Communications on Thursday missed market expectations for third-quarter wireless subscriber additions, hit by cautious spending on its mobile plans and stiff competition in the telecom space.
Tom Rogers, Oorbit Media & Entertainment executive chairman, Newsweek editor-at-large, and Fmr. NBC Cable President, joins 'Fast Money' to talk Netflix earnings.
RCI is expanding its Media portfolio with the launch of Warner Bros. Discovery's Content.
I maintain a strong buy rating on Rogers Communications with a price target of $52.00, reflecting a 29% upside from today's pricing. Strong Q1 earnings, early synergy savings, and disciplined pricing support Rogers' undervaluation and robust dividend payout. Rogers' 5G Home Internet and cost reductions enhance growth potential, with additional margin opportunities from ongoing efficiencies and reduced capital expenses.
Rogers Corporation is strategically expanding ceramic power substrate production and investing in sustainable materials to capitalize on the electric vehicle and renewable energy sectors. Despite challenges like lower gross margins and geopolitical risks, Rogers' initiatives in China and renewable energy position it for long-term growth. Financial trends show declining revenues but improved gross margins due to cost reductions, with a projected 1.8% revenue growth and -9.5% earnings decline next year.
Rogers has purchased Bell's stake in Maple Leaf Sports & Entertainment for $4.7 billion, making it the company's majority owner. Rogers and Bell jointly purchased a 75% stake in MLSE, which owns the Toronto Maple Leafs and the Toronto Raptors, in August 2012.