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

Rogers Communications (TSE:RCI) – Equities research analysts at National Bank Financial raised 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 forecasts that the company will post earnings of $4.62 per share for the year, up from their previous estimate of $4.57.

Rogers Communications Stock Performance

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

Rogers Communications Announces Dividend

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

Insider Activity

In related news, Director Edward Rogers acquired 400 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired 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 directly owns 400 shares in the company, valued at C$25,569.96.