Stock Monitor: America Movil Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 03, 2018 / Active-Investors.com has just released a free earnings report on Rogers Communications Inc. (NYSE: RCI) ("Rogers"). 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 financial results on April 19, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18), in accordance with the new IFRS 15 accounting rules. The Canadian Communication Company surpassed earnings estimates. In addition, the Company raised its guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for America Movil, S.A.B. de C.V. (NYSE: AMX), which also belongs to the Technology sector as the Company Rogers Communications. Do not miss out and become a member today for free to access this upcoming report at:

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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

Rogers' total revenues grew 7.7% to C$3.63 billion compared to the restated revenues as per the new accounting rules of C$3.37 billion in Q1 FY17, primarily due to an increase in revenues of 9% from the Wireless segment in the reported quarter.

The Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 14% to C$1.34 billion in Q1 FY18 versus C$1.17 billion in the year ago same period.

During Q1 FY18, Rogers' net income increased 45% to C$425 million compared to C$310 million in Q1 FY17.

The Company's earnings per share (EPS) increased 38% to C$0.83 in the reported quarter versus C$0.60 in Q1 FY17, outperforming market projections of C$0.62.

Segment Details

Rogers operates through three segments: (i) Wireless, (ii) Cable, and (iii) Media.

The Company's Wireless segment generated revenues of C$2.19 billion compared to C$2.00 billion in Q1 FY17. This marked an increase in adjusted EBITDA to C$934 in the reported quarter versus C$829 in Q1 FY17. Additionally, the segment's adjusted EBITDA margin increased to 42.6% in Q1 FY18 compared to 41.4% in Q1 FY17. The primary reason for the growth in the Wireless segment was due to a strong flow-through of service revenues.

For Q1 FY18, Rogers' Wireless equipment revenues grew 27% on a y-o-y basis, as the Company activated more devices, driven by having its highest level of first quarter gross additions of 377,000 and lowest churn of 1.08% in 15 years.

Rogers' Cable segment produced total revenues of C$967 million compared to C$955 million in Q1 FY17. The Company's Cable stream posted adjusted EBITDA and adjusted EBITDA margin of C$433 million and 44.7%, respectively, in Q1 FY18 compared to C$416 million and 43.3%, respectively, in Q1 FY17.

The Company's Media segment produced total revenues of C$532 million in Q1 FY18 versus C$474 million in Q1 FY17. This marked a change of 12% in the reported. The segment posted adjusted EBITDA of C$23 million in Q1 FY18 compared to negative C$30 million in Q1 FY17.

Cash Matters

Rogers' net cash from operating activities increased to C$885 million in Q1 FY18 compared to C$596 million in Q1 FY17.

For Q1 FY18, the Company reported a free cash flow of C$384 million compared to C$325 million in the same period of last year, driven by higher adjusted EBITDA and lower cash income taxes.

Outlook

For FY18, the Company targets a total revenue growth of 3% - 5% versus C$14.37 billion in FY17. In addition, Rogers aim at an adjusted EBITDA growth of 5% - 7% compared to C$5.50 billion in FY17. The Company is also focusing on increasing free cash flow by 3% - 5% in FY18 versus C$1.69 billion in FY17.

Stock Performance Snapshot

May 02, 2018 - At Wednesday's closing bell, Rogers Communications' stock marginally fell 0.78%, ending the trading session at $46.95.

Volume traded for the day: 259.28 thousand shares.

Stock performance in the last month ? up 6.29%; and past twelve-month period ? up 2.33%

After yesterday's close, Rogers Communications' market cap was at $24.10 billion.

Price to Earnings (P/E) ratio was at 16.93.

The stock has a dividend yield of 3.24%.

The stock is part of the Technology sector, categorized under the Wireless Communications industry.

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