Cormark Equities Analysts Reduce Earnings Estimates for Rogers Communications (TSE:RCI)

Rogers Communications (TSE:RCI) – Research analysts at Cormark reduced their FY2025 EPS estimates for Rogers Communications in a research note issued to investors on Monday, April 15th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $6.13 per share for the year, down from their prior estimate of $6.14.

Rogers Communications Price Performance

Rogers Communications (TSE:RCI) last announced its quarterly earnings results on Thursday, February 1st. The company reported C$1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.03 by C$0.16. The business had revenue of C$5.34 billion during the quarter, compared to the consensus estimate of C$5.36 billion.

Rogers Communications Dividend Announcement

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

Insider Buying and Selling at Rogers Communications

In other Rogers Communications news, Director Edward Rogers bought 400 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of C$63.92 per share, for a total transaction of C$25,569.96. Following the transaction, the director now owns 400 shares in the company, valued at approximately C$25,569.96.