FY2024 EPS Estimates for Rogers Communications Lifted by Analyst (TSE:RCI)

Rogers Communications (TSE:RCI) – Stock analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Rogers Communications in a report released on Wednesday, April 24th. National Bank Financial analyst A. Shine now expects that the company will earn $4.62 per share for the year, up from their previous estimate of $4.57.

Rogers Communications Price Performance

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

Rogers Communications Dividend Announcement

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

Insider Activity

In related news, Director Edward Rogers acquired 400 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 acquisition, the director now directly owns 400 shares in the company, valued at approximately C$25,569.96.