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Free Research Report as Rogers Communications’ Adjusted EPS Advanced 18.92% and Revenues Grew 3.48%

LONDON, UK / ACCESSWIRE / February 01, 2018 / Active-Investors.com has just released a free earnings report on Rogers Communications Inc. (NYSE: RCI). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=RCI. The Company posted its fourth quarter fiscal 2017 financial results on January 25, 2018. The leading telecom and cable providers' earnings surpassed market expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Rogers Communications most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=RCI

Earnings Highlights and Summary

During the fourth quarter of the fiscal year 2017, Rogers Communications posted net sales of C$3.63 billion compared to C$3.51 billion in Q4 FY16, reflecting a growth of 3.48%. The increase in sales was due to the revenue growth in the Company's business segments, largely driven by the Wireless segment. For the full fiscal year 2017, the Company's revenue was C$14.14 billion, increasing 3.22% compared to C$13.70 billion in FY16.

The Company's adjusted operating income was C$1.34 billion in Q4 FY17 compared to C$1.26 billion in Q4 FY16, increasing 6.43% on a y-o-y basis. For the full fiscal year 2017, the Company's adjusted operating income was C$5.38 billion compared to C$5.09 billion in the previous year, increasing 5.64%.

Rogers Communications' net income was C$419.00 million in the reported quarter compared to a net loss of C$9.00 million in Q4 FY17. The Company's earnings per share (EPS) were C$0.81 in Q4 FY17 compared to a loss per share of C$0.04 in the fourth quarter of the previous fiscal year, when it took a C$484 million impairment charge after scrapping development of its own internet-based television product in favor of a Comcast product.

Rogers Communications' adjusted net income was C$455.00 million in Q4 FY17 compared to C$382.00 million in Q4 FY16, increasing 19.11% on a y-o-y basis. The Company's adjusted earnings were C$0.88 in the reported quarter compared to C$0.74 in Q4 FY16, reflecting a growth of 18.92% on a y-o-y basis, and beating analysts' estimates of C$0.86.

For the full fiscal year 2017, the Company's adjusted net income was C$1.82 billion compared to C$1.48 billion in FY16, increasing 22.96% on a y-o-y basis. The Company's adjusted EPS was C$3.52 in FY17 compared to C$2.86 in FY16, increasing 23.08% on a y-o-y basis.

Segment Details

Rogers Communications has four segments, namely: (i) Wireless segment, (ii) Cable segment, (iii) Business Solutions segment, and (iv) Media segment.

The Wireless segment reported net sales of C$2.19 billion in Q4 FY17 compared to C$2.06 billion in Q4 FY16, reflecting a growth of 6.37% compared to the year ago same period. The segment's operating income was C$860.00 million in Q4 FY17 compared to C$792.00 million in Q4 FY16, increasing 8.59% on a y-o-y basis.

The Cable segment posted net sales of C$871.00 million in Q4 FY17 compared to C$858.00 million in Q4 FY16, increasing 1.52% on a y-o-y basis. The segment's operating income was C$449.00 million in Q4 FY17 compared to C$435.00 million in Q4 FY16, increasing 3.22% on a y-o-y basis.

The Business Solutions segment's net sales advanced 3.13% to C$99.00 million on a y-o-y basis in the reported quarter compared to C$96.00 million in Q4 FY16. The segment's operating income was C$32.00 million in Q4 FY17 compared to C$30.00 million in Q4 FY16, increasing 6.67% on a y-o-y basis.

The Media segment reported net sales of C$526.00 million in Q4 FY17 compared to C$550.00 million in Q4 FY16, reflecting a decrease of 4.36% versus the year ago comparable period. The segment's operating income was C$39.00 million in Q4 FY17 compared to net income of C$49.00 million in Q4 FY16, decreasing 20.41% on a y-o-y basis.

Cash Matters

As on December 31, 2017, Rogers Communications had bank advances of C$6.00 million compared to C$7.00 million as on December 31, 2016. The Company's cash inflow from operating activities was C$1.14 billion in the reported quarter compared to C$1.05 billion in Q4 FY16. For the full fiscal year 2017, the cash inflow from operating activities was C$3.94 billion compared to C$3.96 billion in FY16. The Company's free cash flow was C$244.00 million in Q4 FY17 compared to C$392.00 million in Q4 FY16, decreasing 37.76%.

On January 25, 2018, the Company declared a quarterly cash dividend of C$0.48 per share on the Company's common stock, payable on April 03, 2018, to shareholders of record as on March 12, 2018.

Outlook

For the fiscal year 2018, Rogers Communications expect its net sales to grow in the range of 3.00% - 5.00%, and adjusted EBITDA to grow in the band of 5.00% – 7.00%. The Company anticipates free cash flow to increase between 3.00% - 5.00%.

Stock Performance Snapshot

January 31, 2018 - At Wednesday's closing bell, Rogers Communications' stock marginally rose 0.74%, ending the trading session at $48.80.

Volume traded for the day: 327.67 thousand shares, which was above the 3-month average volume of 312.99 thousand shares.

Stock performance in the past twelve-month period – up 12.44%

After yesterday's close, Rogers Communications' market cap was at $24.80 billion.

Price to Earnings (P/E) ratio was at 18.24.

The stock has a dividend yield of 3.18%.

The stock is part of the Technology sector, categorized under the Wireless Communications industry. This sector was up 0.6% at the end of the session.

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