Cormark Weighs in on Rogers Communications’ FY2024 Earnings (TSE:RCI)

Rogers Communications (TSE:RCI) – Stock analysts at Cormark cut their FY2024 earnings estimates for shares of Rogers Communications in a research note issued to investors on Monday, April 15th. Cormark analyst D. Mcfadgen now expects that the company will earn $5.46 per share for the year, down from their prior forecast of $5.47.

Rogers Communications (TSE:RCI) last issued its quarterly earnings results on Thursday, February 1st. The company reported C$1.19 earnings per share (EPS) for the quarter, topping 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 Price Performance

Insider Buying and Selling

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

Rogers Communications Announces Dividend

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