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

Rogers Communications (TSE:RCI) – Investment analysts at Cormark lowered their FY2024 earnings estimates for Rogers Communications in a research note issued on Monday, April 15th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of $5.46 per share for the year, down from their previous estimate of $5.47.

Rogers Communications (TSE:RCI) last announced its earnings results on Thursday, February 1st. The company reported C$1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.03 by C$0.16. The company had revenue of C$5.34 billion for the quarter, compared to the consensus estimate of C$5.36 billion.

Rogers Communications Stock Performance

Rogers Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend 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 bought 400 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 400 shares in the company, valued at approximately C$25,569.96.