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

Rogers Communications (TSE:RCI) – Equities researchers at Desjardins lowered their FY2024 earnings per share estimates for Rogers Communications in a research report issued on Thursday, April 25th. Desjardins analyst J. Dubreuil now anticipates that the company will earn $4.56 per share for the year, down from their previous forecast of $4.87.

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

Rogers Communications Stock Performance

Insider Activity at Rogers Communications

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

Rogers Communications Announces Dividend

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