Rogers Communications to Post FY2024 Earnings of $5.46 Per Share, Cormark Forecasts (TSE:RCI)

Rogers Communications (TSE:RCI) – Investment analysts at Cormark cut their FY2024 earnings per share estimates for shares of Rogers Communications in a research note issued on Monday, April 15th. Cormark analyst D. Mcfadgen now expects that the company will earn $5.46 per share for the year, down from their prior estimate of $5.47.

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

Rogers Communications Price Performance

Insider Buying and Selling

In other Rogers Communications news, Director Edward Rogers purchased 400 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now owns 400 shares in the company, valued at C$25,569.96.

Rogers Communications Announces Dividend

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