Rogers Communications (TSE:RCI) Expected to Earn Q2 2024 Earnings of $1.06 Per Share

Rogers Communications (TSE:RCI) – Stock analysts at Desjardins dropped their Q2 2024 EPS estimates for shares of Rogers Communications in a note issued to investors on Thursday, April 25th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings per share of $1.06 for the quarter, down from their prior estimate of $1.16. Desjardins also issued estimates for Rogers Communications’ Q3 2024 earnings at $1.28 EPS, Q4 2024 earnings at $1.23 EPS and FY2025 earnings at $5.17 EPS.

Rogers Communications Price Performance

Rogers Communications (TSE:RCI) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.99 EPS for the quarter, beating the consensus estimate of C$0.98 by C$0.01. The company had revenue of C$4.90 billion for the quarter, compared to analyst estimates of C$4.94 billion.

Insider Transactions at Rogers Communications

In other Rogers Communications news, Director Edward Rogers acquired 400 shares of Rogers Communications stock in a transaction dated Wednesday, February 7th. The stock was bought at an average cost of C$63.92 per share, with a total value of C$25,569.96. Following the completion of the transaction, the director now owns 400 shares of the company’s stock, valued at C$25,569.96.

Rogers Communications Announces Dividend

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