Is that what Sustainable Earning stands for?: Rogers Communications Inc. (RCI)

As of right now, Rogers Communications Inc. [RCI] is trading at $45.02, up 0.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RCI shares have gain 4.50% over the last week, with a monthly amount glided 14.26%, and seem to be holding up well over a long-time horizon.

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On 9, November 2022, Rogers Communications Reports Third Quarter 2022 Results. In a post published today on Yahoo Finance, Rogers’ Q3 results reflect continued strength in Wireless subscriber net additions; sports assets drive strong Media results.

From an analyst’s perspective:

Rogers Communications Inc. [NYSE: RCI] stock has seen the most recent analyst activity on June 21, 2022, when Canaccord Genuity upgraded its rating to a Buy. Previously, Desjardins upgraded its rating to Buy on January 28, 2022. On October 26, 2021, downgrade downgraded it’s rating to Hold. RBC Capital Mkts downgraded its rating to a Sector Perform. Barclays started tracking with a Equal Weight rating for this stock on October 02, 2020, and assigned it a price target of $43. In a note dated March 31, 2020, Scotiabank upgraded an Sector Outperform rating on this stock.

Through the last year, Rogers Communications Inc.’s stock price ranged from $36.23 to $64.55. Currently, Wall Street analysts expect the stock to reach $52.43 within the next 12 months. Rogers Communications Inc. [NYSE: RCI] shares were valued at $45.02 at the most recent close of the market. An investor can expect a potential return of 16.46% based on the average RCI price forecast.

Analyzing the RCI fundamentals

For Rogers Communications Inc., (RCI), the latest quarter sales were 3.74 billion, which represents an 2.10% increase. Gross Margin for this corporation currently stands at +22.53% with Operating Margin at +22.53%, Pretax Margin comes in at +14.81%, and Net Margin reading is +10.63%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.69 points at the first support level, and at 44.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.33, and for the 2nd resistance point, it is at 45.63.

Rogers Communications Inc. [RCI] reported earnings per share of $0.64 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.63/share, meaning a difference of $0.01 and a surprise factor of 1.60%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.7 per share as compared to estimates of $0.64 per share, a difference of $0.06 representing a surprise of 9.40%.

Ratios To Look Out For

It is important to note that Rogers Communications Inc. [NYSE:RCI] has a current ratio of 2.40. Further, the Quick Ratio stands at 0.61, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.08, the price to book ratio is 2.89 and the P/E (TTM) ratio is 19.27.