Cormark Equities Analysts Reduce Earnings Estimates for Rogers Communications (TSE:RCI)

Rogers Communications (TSE:RCI) – Research analysts at Cormark cut their FY2025 earnings per share (EPS) estimates for shares of Rogers Communications in a report released on Monday, April 15th. Cormark analyst D. Mcfadgen now forecasts that the company will earn $6.13 per share for the year, down from their previous estimate of $6.14.

Rogers Communications (TSE:RCI) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of C$5.36 billion.

Rogers Communications Stock Performance

Rogers Communications Dividend Announcement

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

Insider Buying and Selling

In related news, Director Edward Rogers purchased 400 shares of Rogers Communications stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of C$63.92 per share, for a total transaction of C$25,569.96. Following the transaction, the director now directly owns 400 shares in the company, valued at C$25,569.96.