FY2024 EPS Estimates for Rogers Communications Decreased by Cormark (TSE:RCI)

Rogers Communications (TSE:RCI) – Investment analysts at Cormark reduced their FY2024 EPS estimates for shares of Rogers Communications in a note issued to investors on Monday, April 15th. Cormark analyst D. Mcfadgen now anticipates 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 posted its quarterly earnings data on Thursday, February 1st. The company reported C$1.19 earnings per share (EPS) 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 the consensus estimate of C$5.36 billion.

Rogers Communications Price Performance

Rogers Communications Announces Dividend

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

Insider Buying and Selling at Rogers Communications

In other Rogers Communications news, Director Edward Rogers acquired 400 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average price of C$63.92 per share, with a total value of C$25,569.96. Following the acquisition, the director now directly owns 400 shares of the company’s stock, valued at approximately C$25,569.96.