FY2024 Earnings Estimate for Rogers Communications Issued By Cormark (TSE:RCI)

Rogers Communications (TSE:RCI) – 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 expects that the company will earn $5.46 per share for the year, down from their prior estimate of $5.47.

Rogers Communications Stock Performance

Rogers Communications (TSE:RCI) last issued its earnings results 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 firm had revenue of C$5.34 billion during the quarter, compared to the consensus estimate of C$5.36 billion.

Rogers Communications Dividend Announcement

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

Insider Buying and Selling at Rogers Communications

In related news, Director Edward Rogers purchased 400 shares of the stock in a transaction on Wednesday, February 7th. The shares were purchased at an average cost 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 in the company, valued at C$25,569.96.