FY2024 EPS Estimates for Rogers Communications Cut by Analyst (TSE:RCI)

Rogers Communications (TSE:RCI) – Desjardins cut their FY2024 earnings per share (EPS) estimates for shares of Rogers Communications in a report issued on Thursday, April 25th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings of $4.56 per share for the year, down from their prior estimate of $4.87.

Rogers Communications Price Performance

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

Insider Activity at Rogers Communications

In other Rogers Communications news, Director Edward Rogers bought 400 shares of the business’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 transaction, the director now directly 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 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 ∞.