Brokers Offer Predictions for Rogers Communications’ FY2024 Earnings (TSE:RCI)

Rogers Communications (TSE:RCI) – National Bank Financial boosted their FY2024 EPS estimates for shares of Rogers Communications in a note issued to investors on Wednesday, April 24th. National Bank Financial analyst A. Shine now expects that the company will post earnings of $4.62 per share for the year, up from their prior forecast of $4.57.

Rogers Communications Stock Performance

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

Rogers Communications Announces Dividend

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

Insider Buying and Selling

In other news, Director Edward Rogers purchased 400 shares of the company’s stock in a transaction that occurred on 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.