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

Rogers Communications (TSE:RCI) – Investment analysts at Cormark reduced their FY2024 earnings per share estimates for shares of Rogers Communications in a research note issued on Thursday, April 25th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $5.44 for the year, down from their previous estimate of $5.46. Cormark also issued estimates for Rogers Communications’ FY2025 earnings at $5.63 EPS.

Rogers Communications (TSE:RCI) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.99 earnings per share for the quarter, topping the consensus estimate of C$0.98 by C$0.01. The business had revenue of C$4.90 billion during the quarter, compared to analysts’ expectations of C$4.94 billion.

Rogers Communications Price Performance

Insider Activity at Rogers Communications

In other Rogers Communications news, Director Edward Rogers bought 400 shares of Rogers Communications stock in a transaction on Wednesday, February 7th. The stock was acquired at an average price of C$63.92 per share, with a total value of C$25,569.96. Following the acquisition, the director now owns 400 shares in the company, valued at C$25,569.96.

Rogers Communications Dividend Announcement

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