Rogers Communications to Post FY2024 Earnings of $4.57 Per Share, National Bank Financial Forecasts (TSE:RCI)

Rogers Communications (TSE:RCI) – Equities researchers at National Bank Financial cut their FY2024 earnings per share estimates for shares of Rogers Communications in a research note issued to investors on Tuesday, April 9th. National Bank Financial analyst A. Shine now expects that the company will post earnings of $4.57 per share for the year, down from their previous estimate of $4.75.

Rogers Communications Price Performance

Rogers Communications (TSE:RCI) last released its earnings results on Thursday, February 1st. The company reported C$1.19 EPS for the quarter, beating the consensus estimate of C$1.03 by C$0.16. The firm had revenue of C$5.34 billion during the quarter, compared to the consensus estimate of C$5.36 billion.

Insider Transactions at Rogers Communications

In related news, Director Edward Rogers acquired 400 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were bought at an average price of C$63.92 per share, for a total transaction of C$25,569.96. Following the purchase, the director now directly owns 400 shares in the company, valued at approximately C$25,569.96.

Rogers Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, March 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, March 8th.