Cormark Weighs in on Rogers Communications’ FY2024 Earnings (TSE:RCI)

Rogers Communications (TSE:RCI) – Equities researchers at Cormark cut their FY2024 earnings estimates for Rogers Communications in a report released on Thursday, April 25th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $5.44 for the year, down from their previous forecast of $5.46. Cormark also issued estimates for Rogers Communications’ FY2025 earnings at $5.63 EPS.

Rogers Communications Stock Performance

Rogers Communications (TSE:RCI) last announced its earnings results on Wednesday, April 24th. The company reported C$0.99 earnings per share for the quarter, beating the consensus estimate 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 company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.00 annualized dividend and a yield of ?.

Insider Transactions at Rogers Communications

In related news, Director Edward Rogers acquired 400 shares of the stock in a transaction dated Wednesday, February 7th. The stock was 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 purchase, the director now owns 400 shares of the company’s stock, valued at approximately C$25,569.96.