Rogers Communications

Chatr is a Canadian mobile virtual network operator owned by Rogers Communications targeting entry-level customers. It is one of three wireless brands owned by Rogers Communications, including Rogers Wireless, and Fido Solutions. The provider launched its service in Toronto, Ottawa, Calgary, Edmonton, Vancouver, Quebec City, and Montréal under the name Chatr Wireless on July 28, 2010. The company re-branded to its current name in 2015. The carrier initially launched by limiting plan features to only specific regions of Rogers' network, dubbed "chatr zones". The company now offers coverage for most urban areas of Canada, and additional plans for certain cities.

Chatr

Fido Solutions is a Canadian cellular telephone service provider owned by Rogers Communications. Although Fido's parent company, Rogers Communications, also operates another cellular service Rogers Wireless, Fido remains a separate entity and retains its own retail chain, customer service call centres, network servers and CEO. Fido pioneered the concept of providing unlimited service in select Canadian cities. Fido was the first carrier in Canada to launch a GSM-based network and the first wireless service provider in North America to offer General Packet Radio Service on its network.

Fido Solutions

Rogers Communications, Inc. engages in the provision of wireless communications services. It operates through the following segments: Wireless, Cable, and Media. The Wireless segment refers to wireless telecommunications operations for Canadian consumers and businesses. The Cable segment includes Internet, television, telephony, and smart home monitoring services. The Media segment consists of a portfolio of media properties such as sports media and entertainment; television and radio broadcasting; specialty channels; multi-platform shopping; and digital media. The company was founded by Edward Samuel Rogers, Jr. in 1960 and is headquartered in Toronto, Canada.

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TORONTO, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (“Rogers”) today announced that it has amended its Dividend Reinvestment Plan (the “Plan”) to permit, at the Board of Directors' discretion, a small discount when shares are issued from treasury under the Plan. Under the Plan, shareholders may elect to have dividends on their shares reinvested in additional Class B Non-Voting Shares (“Class B Shares”) of Rogers.

Rogers Communications Inc. Announces Amendments to its Dividend Reinvestment Plan to Permit Discount for Shares Issued under the Plan; 2% Discount for Shares to be Issued in Connection with Reinvestment of Previously Declared Dividend Payable on October 3

Taylor Swift Is The First Artist Ever To Perform Six Nights At Rogers Centre Taylor Swift Is The First Artist Ever To Perform Six Nights At Rogers Centre

Rogers Proudly Presents Taylor Swift | The Eras Tour in Canada

Rogers Communications has shown encouraging performance on LTV and earnings metrics. While long-term debt has increased as a result of the Shaw acquisition, I take the view that the company has the capacity to reduce this over time. I take a bullish view on Rogers Communications.

Rogers Communications: LTV Growth And Earnings Performance Encouraging

Rogers Communications' (RCI) second-quarter 2023 results reflect revenue growth in Wireless, Cable and Media businesses, driven by the Shaw Communications acquisition.

Rogers Communications (RCI) Q2 Earnings Lag, Revenues Rise Y/Y

Rogers Communications Inc. (NYSE:RCI ) Q2 2023 Earnings Call Transcript July 26, 2023 8:00 AM ET Company Participants Paul Carpino - Vice President of Investor Relations Tony Staffieri - President, CEO and Director Glenn Brandt - Chief Financial Officer Conference Call Participants Vince Valentini - TD Securities Sebastiano Petti - JPMorgan Tim Casey - BMO Matt Griffiths - BofA Drew McReynolds - RBC Maher Yaghi - Scotiabank Aravinda Galappatthige - Canaccord Annuity Stephanie Price - CIBC Jerome Dubreuil - Desjardin David McFadgen - Cormark Securities Operator Thank you for standing by. This is the conference operator.

Rogers Communications Inc. (RCI) Q2 2023 Earnings Call Transcript

Rogers Communication (RCI) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.67 per share a year ago.

Rogers Communication (RCI) Lags Q2 Earnings and Revenue Estimates

Canadian wireless carrier Rogers Communications , missed Wall Street estimates for second-quarter revenue on Wednesday, hit by slower growth in the telecom giant's wireless and media businesses.

Canada's Rogers misses quarterly revenue estimates

Rogers' Q2 results reflect strong execution and healthy growth across operations Rogers' postpaid mobile phone net additions of 170,000, up 39%; year to date postpaid mobile phone net additions of 265,000, up 41% from first six months of 2022 Wireless service revenue up 7%; adjusted EBITDA up 9% Total service revenue up 32% and adjusted EBITDA up 38% Rogers and Shaw integration proceeding ahead of plan, with Cable and Internet growth recovering Cable service revenue up 93%; adjusted EBITDA up 97% Strong Cable adjusted EBITDA margin up 100 basis points to 51% Internet loading of 25,000 with organic growth improving across the country Company reaffirms guidance of realizing at least $200 million of synergies in 2023, and annualized cost synergies of at least $600 million by the end of Q1 2024 Company commences deleveraging, driven by adjusted EBITDA growth and effective balance sheet management, while continuing to invest in networks and operational infrastructure D ebt leverage ratio of 5.1x improved since completing the Shaw Transaction in April 2023 as a result of strong adjusted EBITDA growth; targeting further reduction to 4.9x debt leverage ratio by end of 2023 Capital expenditures of $1,079 million , with network infrastructure spending up 24% Company focused on selling $1 billion in non-core assets Introducing changes to dividend reinvestment plan to include a price discount and use of treasury shares Company's strong execution reflected in increasing 2023 outlook 2023 free cash flow outlook increased to between $2.2 billion and $2.5 billion compared to prior $2.0 billion to $2.2 billion outlook Adjusted EBITDA growth outlook increased to 33% to 36% compared to prior 31% to 35% outlook TORONTO, July 26, 2023 (GLOBE NEWSWIRE) -- Consolidated Financial Highlights    Three months ended June 30 Six months ended June 30 (In millions of Canadian dollars, except per share amounts, unaudited) 2023 2022 % Chg 2023 2022 % Chg               Total revenue 5,046 3,868    30   8,881 7,487    19   Total service revenue 4,534 3,443 32   7,848 6,639 18   Adjusted EBITDA 1 2,190 1,592 38   3,841 3,131 23   Net income 2 109 409 (73 ) 620 801 (23 ) Adjusted net income 1 544 463 17   1,097 925 19                 Diluted earnings per share 2 $0.20 $0.76 (74 ) $1.19 $1.57 (24 ) Adjusted diluted earnings per share 1 $1.02 $0.86 19   $2.11 $1.81 17                 Cash provided by operating activities 1,635 1,319 24   2,088 2,132 (2 ) Free cash flow 1 476 344 38   846 859 (2 ) "We delivered strong results in the second quarter and continued to demonstrate solid momentum in our core businesses," said Tony Staffieri, President and CEO. "We upgraded our financial guidance for the year and I am pleased to share the integration with Shaw is tracking ahead of plan.

Rogers Communications Reports Second Quarter 2023 Results

TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (“Rogers”) today announced the expiration and final results of its offer to exchange (the “Exchange Offer”) any and all of the US$7,050,000,000 aggregate principal amount of its outstanding senior notes previously issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), as set forth in the table below (the “Restricted Notes”), for an equal principal amount of new notes registered under the Securities Act (the “Exchange Notes”).

Rogers Communications Inc. Announces Expiration and Final Results of Exchange Offer for Notes Issued in Connection with Prior Private Offering

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Rogers Communication (RCI) Stock Undervalued Right Now?

Rogers (RCI) adds Mexico to the 5G Infinite Premium plan and continues to offer the lowest daily roaming rate with Roam Like Home offering.

Rogers (RCI) Launches 5G Infinite Premium Plan in Mexico

TORONTO, June 23, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (“Rogers”) today announced that it has commenced its offer to eligible holders to exchange (the “Exchange Offer”) any and all of the US$7,050,000,000 aggregate principal amount of its outstanding senior notes previously issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), as set forth in the table below (the “Restricted Notes”), for an equal principal amount of new notes registered under the Securities Act (the “Exchange Notes”).

Rogers Communications Inc. Commences Exchange Offer for Notes Issued in Connection with Prior Private Offering

TORONTO, June 23, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. plans to release its second quarter 2023 financial results on Wednesday, July 26, 2023, before North American financial markets open. The results will be distributed by newswire and posted at investors.rogers.com. Rogers' management will host its quarterly teleconference with the investment community to discuss the results and outlook at 8:00 a.m. ET.

Rogers Communications 2Q23 Investment Community Teleconference July 26, 2023 at 8:00 a.m. ET

The heavy selling pressure might have exhausted for Rogers Communication (RCI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -10.67% in 4 Weeks, Here's Why Rogers Communication (RCI) Looks Ripe for a Turnaround

Rogers Communication (RCI) reported earnings 30 days ago. What's next for the stock?

Why Is Rogers Communication (RCI) Down 7.1% Since Last Earnings Report?

Rogers Communications Inc. closed a long-awaited merger with Shaw Communications on April 3, 2023. The merger comes with C$1 billion in synergy benefits, and the Q1 earnings guidance of the combined companies showed over C$2 billion in cash flow.

Rogers Communications: Everyone Keeps Ignoring Good News

Liberty Global Ltd

Cable television industry participants like Rogers Communication (RCI) and Liberty Global (LBTYA) are benefiting from the growing demand for high-speed Internet, including broadband.

2 Cable Stocks to Buy From a Challenging Industry

Will match up to $1 million in cash donations to Canadian Red Cross Making Shaw Go WiFi network available to all impacted Canadians, regardless of carrier Proactively crediting Rogers wireless and Shaw residential services for impacted customers CALGARY, Alberta, May 09, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. today announced support for Alberta residents impacted by devastating wildfires. Together with Shaw, the company is committed to keeping customers connected to critical resources and loved ones, while contributing to immediate disaster relief efforts on the ground.

Rogers Together with Shaw Supports Communities Impacted by Wildfires in Alberta

Ethan Allen Interiors

W.W. Grainger

Otis Worldwide

Parker-Hannifin

Otis Worldwide Corporation (OTIS), Ethan Allen Interiors (ETD), W.W. Grainger (GWW), Rogers Communications (RCI) and Parker-Hannifin Corporation (PH) recently hiked dividends.

5 Stocks to Buy on Dividend Hikes as Recession Fears Grow

Rogers Communication (RCI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Rogers Communication (RCI) Stock

Rogers Communications' (RCI) first-quarter 2023 results reflect revenue growth in Wireless and Media businesses.

Rogers Communications (RCI) Q1 Earnings Beat, Revenues Rise

TORONTO, April 26, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (Company), a leading diversified Canadian communications and media company, in accordance with Toronto Stock Exchange requirements, announced the voting results from its Annual General Meeting of Shareholders (meeting) held earlier today.

Rogers Communications Announces Voting Results from Annual Meeting of Shareholders

Rogers Communications Inc. (RCI) Q1 2023 Earnings Call Transcript.

Rogers Communications Inc. (RCI) Q1 2023 Earnings Call Transcript

Rogers Communications and Elon Musk's SpaceX plan to connect mobile phones to satellite-based services aiming to expand coverage to remote areas in Canada, the companies said on Wednesday.

SpaceX, Rogers to connect mobiles phones to satellites in remote Canadian areas

First wireless company in Canada to bring satellite coverage to Canadians coast to coast  Satellite coverage will address public safety and expand to more services over time TORONTO, April 26, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. today announced it is partnering with Lynk Global to test and bring satellite-to-phone connectivity across Canada to ensure Canadians can access a wireless connection, no matter where they are.  Rogers will begin to expand satellite-to-phone coverage in 2024 across Canada's most remote regions and rural highways not covered by any wireless networks.

News for Rogers Communications Stock (RCI)