Scotiabank Issues Pessimistic Forecast for TSE:CCA Earnings

Cogeco Communications Inc. (TSE:CCA) – Investment analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Cogeco Communications in a report issued on Friday, April 17th. Scotiabank analyst M. Yaghi now expects that the company will earn $8.58 per share for the year, down from their prior forecast of $9.11. Scotiabank currently has a “Sector Perform” rating and a $72.00 target price on the stock. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings results on Thursday, April 9th. The company reported C$1.96 earnings per share (EPS) for the quarter. The business had revenue of C$693.56 million during the quarter. Cogeco Communications had a net margin of 11.13% and a return on equity of 9.93%.

A number of other research firms have also issued reports on CCA. Royal Bank Of Canada increased their price target on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Canadian Imperial Bank of Commerce increased their price target on shares of Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. TD raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and reduced their price target for the stock from C$85.00 to C$83.00 in a research report on Monday, April 13th. National Bank Financial raised shares of Cogeco Communications from a “hold” rating to an “outperform” rating and increased their price target for the stock from C$71.00 to C$80.00 in a research report on Wednesday, February 25th. Finally, Desjardins reduced their price target on Cogeco Communications from C$71.00 to C$68.00 and set a “hold” rating for the company in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.11.

Cogeco Communications Price Performance

TSE CCA opened at C$63.14 on Wednesday. The company has a 50 day simple moving average of C$69.81 and a 200-day simple moving average of C$67.76. The company has a debt-to-equity ratio of 141.57, a current ratio of 0.47 and a quick ratio of 0.49. The firm has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 4.77 and a beta of 0.89. Cogeco Communications has a 52-week low of C$60.89 and a 52-week high of C$77.40.

Cogeco Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 7th. Investors of record on Thursday, May 7th will be issued a $0.987 dividend. The ex-dividend date is Thursday, April 23rd. This represents a $3.95 dividend on an annualized basis and a yield of 6.3%. Cogeco Communications’s dividend payout ratio is currently 51.32%.

About Cogeco Communications

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.