Rogers Communications Annual Meeting Voting Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
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Should l Buy RCI?
Source: Newsfilter
- Voting Results: At today's Annual General Meeting, Rogers Communications saw 108,537,470 Class A Voting shares cast, representing approximately 97.65% of the total, with all proposals passing, indicating strong shareholder support for corporate governance.
- Director Elections: All nominated directors were elected with over 99% support, with Diane A. Kazarian receiving the highest at 99.997%, showcasing the board's stability and shareholder confidence in management.
- Auditor Appointment: A total of 108,567,017 Class A Voting shares were voted for the auditor appointment, with KPMG LLP receiving 99.998% approval, reflecting shareholders' high regard for audit quality and oversight.
- Company Overview: Rogers Communications is Canada's communications, sports, and entertainment company, publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange, continuously attracting investor interest in its business developments and market performance.
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Analyst Views on RCI
Wall Street analysts forecast RCI stock price to rise
11 Analyst Rating
7 Buy
3 Hold
1 Sell
Moderate Buy
Current: 37.350
Low
35.99
Averages
41.43
High
46.07
Current: 37.350
Low
35.99
Averages
41.43
High
46.07
About RCI
Rogers Communications Inc. is a diversified Canadian communications and media company. The Company operates in three segments: Wireless, Cable, and Media. The wireless segment provides wireless telecommunications operations for Canadian consumers and businesses. The cable segment is engaged in cable telecommunications operations, including Internet, television, and other video, satellite, telephony, and smart home monitoring services for Canadian consumers and businesses, and network connectivity through its fiber network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services for the business, public sector, and carrier wholesale markets. The media segment offers a diversified portfolio of media properties, including sports media and entertainment, television and radio broadcasting, specialty channels, multi-platform shopping, and digital media.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rogers Communications Reports Q1 Earnings Growth
- Profitability Improvement: Rogers Communications reported a net income of C$438 million for Q1, translating to C$0.80 per share, which marks a significant increase from last year's C$280 million and C$0.50 per share, indicating enhanced competitiveness in the market.
- Adjusted Earnings Performance: Excluding special items, the adjusted earnings reached C$550 million or C$1.01 per share, showcasing a strong performance compared to last year's figures, reflecting successful cost control and operational efficiency.
- Significant Revenue Growth: The company's revenue rose by 10.2% year-over-year to C$5.482 billion, up from C$4.976 billion last year, demonstrating robust performance amid recovering market demand.
- Optimistic Market Outlook: With improved revenue and profitability, Rogers Communications is positioned with a stronger financial foundation to better tackle industry challenges and seize growth opportunities in the future.
See More
Rogers Communications Annual Meeting Voting Results
- Voting Results: At today's Annual General Meeting, Rogers Communications saw 108,537,470 Class A Voting shares cast, representing approximately 97.65% of the total, with all proposals passing, indicating strong shareholder support for corporate governance.
- Director Elections: All nominated directors were elected with over 99% support, with Diane A. Kazarian receiving the highest at 99.997%, showcasing the board's stability and shareholder confidence in management.
- Auditor Appointment: A total of 108,567,017 Class A Voting shares were voted for the auditor appointment, with KPMG LLP receiving 99.998% approval, reflecting shareholders' high regard for audit quality and oversight.
- Company Overview: Rogers Communications is Canada's communications, sports, and entertainment company, publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange, continuously attracting investor interest in its business developments and market performance.
See More
Rogers Communications Reports 10% Revenue Growth in Q1
- Significant Revenue Growth: Rogers Communications achieved a 10% revenue increase in Q1, surpassing Wall Street expectations and driving shares up over 10%, indicating strong performance in mobile phone and internet subscriber growth.
- Doubled Net Income: The company's unadjusted net income per share increased by 60% to CAD1.01 ($0.74), reflecting robust profitability despite adjusted EPS slightly missing expectations, showcasing the overall health of the business.
- Increased Free Cash Flow: Free cash flow reached CAD776 million in Q1, with an expected increase of CAD800 million by 2026, which will further accelerate debt reduction and enhance financial stability and investment capacity.
- Continued Subscriber Growth: In Q1, Rogers added 33,000 mobile phone subscribers, including 28,000 postpaid users, with a postpaid churn rate of 1.22%, demonstrating the company's competitive edge in user retention and market dynamics.
See More
Rogers Communications Declares Quarterly Dividend
- Quarterly Dividend Announcement: Rogers Communications has declared a quarterly dividend of $0.50 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability.
- Dividend Yield: The forward yield of 6.06% makes this dividend attractive to income-seeking investors, enhancing the company's appeal in the capital markets.
- Shareholder Record Dates: The dividend will be payable on July 6, with a record date of June 9 and an ex-dividend date also on June 9, ensuring shareholders receive their earnings promptly.
- Financial Transparency: Rogers provides a dividend scorecard, yield chart, and dividend growth information, further boosting investor confidence in the company's financial health.
See More
Rogers Reports Strong Q1 Earnings with 10% Revenue Growth
- Significant Revenue Growth: Rogers reported a Q1 non-GAAP EPS of $1.01 with revenues of $5.48 billion, reflecting a 10% year-over-year increase, driven primarily by strong performance in its media segment, which solidifies its market position.
- Stable Wireless Revenue: Wireless service revenue remained flat compared to the prior year, while wireless equipment revenue increased by 8%, primarily due to higher device upgrades by existing customers, indicating robust demand for new devices and strengthening the revenue base.
- Slight Increase in Cable Revenue: Cable service revenue grew by 1% year-over-year, primarily due to retail internet subscriber growth and effective pricing strategies; excluding the impact of the 2025 sale of the customer-facing data center business, cable revenue would have increased by 2%, showcasing stability in the cable segment.
- Optimistic Future Outlook: Total service revenue is projected to grow by 3% to 5% in 2025, with adjusted EBITDA expected to rise by 1% to 3%, indicating the company's optimistic view on future growth potential, which further boosts investor confidence.
See More
Rogers Communications Q1 Earnings Preview
- Earnings Announcement Date: Rogers Communications is set to announce its Q1 earnings on April 22 before market open, with a consensus EPS estimate of $0.75, reflecting a significant year-over-year decline of 24.2%, which may dampen investor sentiment.
- Revenue Decline Forecast: The expected revenue for Q1 is $3.97 billion, representing a 20.3% year-over-year decrease, indicating challenges the company faces in a competitive market environment that could impact future growth potential.
- Historical Performance: Over the past two years, Rogers has consistently beaten both EPS and revenue estimates 100% of the time, showcasing its strong financial management and adaptability in the market.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and four downward revisions, while revenue estimates have experienced two upward and two downward revisions, indicating mixed market expectations regarding the company's future performance.
See More
Rogers Communications Reports Q1 Earnings Growth
- Profitability Improvement: Rogers Communications reported a net income of C$438 million for Q1, translating to C$0.80 per share, which marks a significant increase from last year's C$280 million and C$0.50 per share, indicating enhanced competitiveness in the market.
- Adjusted Earnings Performance: Excluding special items, the adjusted earnings reached C$550 million or C$1.01 per share, showcasing a strong performance compared to last year's figures, reflecting successful cost control and operational efficiency.
- Significant Revenue Growth: The company's revenue rose by 10.2% year-over-year to C$5.482 billion, up from C$4.976 billion last year, demonstrating robust performance amid recovering market demand.
- Optimistic Market Outlook: With improved revenue and profitability, Rogers Communications is positioned with a stronger financial foundation to better tackle industry challenges and seize growth opportunities in the future.
See More
Rogers Communications Annual Meeting Voting Results
- Voting Results: At today's Annual General Meeting, Rogers Communications saw 108,537,470 Class A Voting shares cast, representing approximately 97.65% of the total, with all proposals passing, indicating strong shareholder support for corporate governance.
- Director Elections: All nominated directors were elected with over 99% support, with Diane A. Kazarian receiving the highest at 99.997%, showcasing the board's stability and shareholder confidence in management.
- Auditor Appointment: A total of 108,567,017 Class A Voting shares were voted for the auditor appointment, with KPMG LLP receiving 99.998% approval, reflecting shareholders' high regard for audit quality and oversight.
- Company Overview: Rogers Communications is Canada's communications, sports, and entertainment company, publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange, continuously attracting investor interest in its business developments and market performance.
See More
Rogers Communications Reports 10% Revenue Growth in Q1
- Significant Revenue Growth: Rogers Communications achieved a 10% revenue increase in Q1, surpassing Wall Street expectations and driving shares up over 10%, indicating strong performance in mobile phone and internet subscriber growth.
- Doubled Net Income: The company's unadjusted net income per share increased by 60% to CAD1.01 ($0.74), reflecting robust profitability despite adjusted EPS slightly missing expectations, showcasing the overall health of the business.
- Increased Free Cash Flow: Free cash flow reached CAD776 million in Q1, with an expected increase of CAD800 million by 2026, which will further accelerate debt reduction and enhance financial stability and investment capacity.
- Continued Subscriber Growth: In Q1, Rogers added 33,000 mobile phone subscribers, including 28,000 postpaid users, with a postpaid churn rate of 1.22%, demonstrating the company's competitive edge in user retention and market dynamics.
See More
Rogers Communications Declares Quarterly Dividend
- Quarterly Dividend Announcement: Rogers Communications has declared a quarterly dividend of $0.50 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability.
- Dividend Yield: The forward yield of 6.06% makes this dividend attractive to income-seeking investors, enhancing the company's appeal in the capital markets.
- Shareholder Record Dates: The dividend will be payable on July 6, with a record date of June 9 and an ex-dividend date also on June 9, ensuring shareholders receive their earnings promptly.
- Financial Transparency: Rogers provides a dividend scorecard, yield chart, and dividend growth information, further boosting investor confidence in the company's financial health.
See More
Rogers Reports Strong Q1 Earnings with 10% Revenue Growth
- Significant Revenue Growth: Rogers reported a Q1 non-GAAP EPS of $1.01 with revenues of $5.48 billion, reflecting a 10% year-over-year increase, driven primarily by strong performance in its media segment, which solidifies its market position.
- Stable Wireless Revenue: Wireless service revenue remained flat compared to the prior year, while wireless equipment revenue increased by 8%, primarily due to higher device upgrades by existing customers, indicating robust demand for new devices and strengthening the revenue base.
- Slight Increase in Cable Revenue: Cable service revenue grew by 1% year-over-year, primarily due to retail internet subscriber growth and effective pricing strategies; excluding the impact of the 2025 sale of the customer-facing data center business, cable revenue would have increased by 2%, showcasing stability in the cable segment.
- Optimistic Future Outlook: Total service revenue is projected to grow by 3% to 5% in 2025, with adjusted EBITDA expected to rise by 1% to 3%, indicating the company's optimistic view on future growth potential, which further boosts investor confidence.
See More
Rogers Communications Q1 Earnings Preview
- Earnings Announcement Date: Rogers Communications is set to announce its Q1 earnings on April 22 before market open, with a consensus EPS estimate of $0.75, reflecting a significant year-over-year decline of 24.2%, which may dampen investor sentiment.
- Revenue Decline Forecast: The expected revenue for Q1 is $3.97 billion, representing a 20.3% year-over-year decrease, indicating challenges the company faces in a competitive market environment that could impact future growth potential.
- Historical Performance: Over the past two years, Rogers has consistently beaten both EPS and revenue estimates 100% of the time, showcasing its strong financial management and adaptability in the market.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and four downward revisions, while revenue estimates have experienced two upward and two downward revisions, indicating mixed market expectations regarding the company's future performance.
See More
