What is Scotiabank’s Forecast for TSE:CCA FY2025 Earnings?

Cogeco Communications Inc. (TSE:CCA) – Equities research analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for shares of Cogeco Communications in a note issued to investors on Tuesday, July 15th. Scotiabank analyst M. Yaghi now anticipates that the company will post earnings per share of $8.01 for the year, down from their previous forecast of $8.35. Scotiabank has a “Sector Perform” rating and a $75.00 price target on the stock. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share. Scotiabank also issued estimates for Cogeco Communications’ FY2026 earnings at $7.83 EPS.

CCA has been the subject of several other reports. Canaccord Genuity Group raised their target price on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Royal Bank Of Canada lowered their price objective on Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday. BMO Capital Markets lowered their price objective on Cogeco Communications from C$80.00 to C$75.00 in a research report on Thursday. Desjardins lifted their price objective on Cogeco Communications from C$72.00 to C$74.00 in a research report on Thursday, July 10th. Finally, National Bankshares set a C$85.00 price objective on Cogeco Communications and gave the stock an “outperform” rating in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$77.44.

Cogeco Communications Stock Down 1.3%

Shares of TSE:CCA opened at C$65.60 on Friday. The firm has a market cap of C$2.76 billion, a P/E ratio of 7.94, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. Cogeco Communications has a 12-month low of C$59.10 and a 12-month high of C$75.09. The business has a fifty day simple moving average of C$69.00 and a 200 day simple moving average of C$66.79.

Cogeco Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, May 7th were given a $0.922 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Wednesday, April 23rd. Cogeco Communications’s payout ratio is 41.40%.

About Cogeco Communications

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services.