FY2024 Earnings Estimate for Rogers Communications (TSE:RCI) Issued By Desjardins

Posted by John Perry on May 1st, 2024

Rogers Communications (TSE:RCI – Free Report) – Analysts at Desjardins decreased their FY2024 earnings estimates for shares of Rogers Communications in a report issued on Thursday, April 25th. Desjardins analyst J. Dubreuil now expects that the company will earn $4.56 per share for the year, down from their previous estimate of $4.87.

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

Rogers Communications Stock Performance

Insider Buying and Selling

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

Rogers Communications Announces Dividend

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