FY2024 EPS Estimates for TSE:RCI Lowered by Analyst

Rogers Communications (TSE:RCI) – Investment analysts at National Bank Financial cut their FY2024 earnings per share estimates for Rogers Communications in a research note issued on Monday, November 11th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $4.87 for the year, down from their previous estimate of $4.88. National Bank Financial also issued estimates for Rogers Communications’ FY2025 earnings at $4.18 EPS and FY2026 earnings at $4.66 EPS.

Separately, Canaccord Genuity Group cut Rogers Communications from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Rogers Communications Stock Performance

Insider Buying and Selling at Rogers Communications

In other news, Director David Alan Robinson acquired 675 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of C$50.88 per share, with a total value of C$34,344.68. Following the completion of the acquisition, the director now owns 675 shares of the company’s stock, valued at C$34,344.68. This trade represents a ? increase in their position.

Rogers Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of ?. The ex-dividend date is Monday, December 9th.