What is Scotiabank’s Forecast for TSE:CCA FY2025 Earnings?

Cogeco Communications Inc. (TSE:CCA) – Stock analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Cogeco Communications in a report released on Wednesday, January 8th. Scotiabank analyst M. Yaghi now expects that the company will post earnings per share of $8.32 for the year, down from their prior forecast of $9.09. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share.

CCA has been the subject of several other reports. Canaccord Genuity Group raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and increased their price objective for the company from C$65.00 to C$77.00 in a research report on Monday, November 4th. National Bank Financial upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 19th. TD Securities boosted their price objective on shares of Cogeco Communications from C$85.00 to C$89.00 in a report on Monday, November 4th. Royal Bank of Canada raised their target price on Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. Finally, BMO Capital Markets boosted their price target on Cogeco Communications from C$70.00 to C$80.00 in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cogeco Communications presently has an average rating of “Moderate Buy” and a consensus target price of C$77.06.

Cogeco Communications Price Performance

Shares of TSE CCA opened at C$63.43 on Monday. Cogeco Communications has a fifty-two week low of C$50.82 and a fifty-two week high of C$75.09. The company has a market cap of C$1.90 billion, a PE ratio of 8.09, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41. The business has a 50-day simple moving average of C$69.05 and a two-hundred day simple moving average of C$65.46.

Cogeco Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 28th. Shareholders of record on Thursday, November 28th were paid a dividend of $0.922 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.81%. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.85. Cogeco Communications’s dividend payout ratio (DPR) is presently 43.62%.

Insider Activity

In other news, Director Robin Anne Bienenstock bought 2,156 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average cost of C$69.66 per share, for a total transaction of C$150,189.33. Also, Director Jacques Royer sold 657 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$68.86, for a total transaction of C$45,241.02. Following the sale, the director now directly owns 1 shares in the company, valued at C$68.86. This trade represents a 99.85 % decrease in their ownership of the stock. Insiders own 0.46% of the company’s stock.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.