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

Rogers Communications (TSE:RCI) – Research analysts at Cormark cut their FY2024 earnings estimates for shares of Rogers Communications in a note issued to investors on Thursday, April 25th. Cormark analyst D. Mcfadgen now expects that the company will earn $5.44 per share for the year, down from their prior estimate 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 issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of C$4.94 billion.

Rogers Communications Announces Dividend

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

Insiders Place Their Bets

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