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

Rogers Communications (TSE:RCI) – Equities researchers at Desjardins reduced their FY2024 earnings per share (EPS) estimates for shares of Rogers Communications in a note issued to investors on Thursday, April 25th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings of $4.56 per share for the year, down from their previous estimate of $4.87.

Rogers Communications Stock Performance

Rogers Communications (TSE:RCI) last released its earnings results on Wednesday, April 24th. The company reported C$0.99 earnings per share 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were paid a $0.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.00 annualized dividend and a dividend yield of ∞.

Insider Transactions at Rogers Communications

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