FY2024 EPS Estimates for TSE:RCI Decreased by Analyst

Rogers Communications (TSE:RCI) – National Bank Financial dropped their FY2024 EPS estimates for shares of Rogers Communications in a report released on Thursday, January 2nd. National Bank Financial analyst A. Shine now forecasts that the company will post earnings per share of $4.81 for the year, down from their previous forecast of $4.87. National Bank Financial also issued estimates for Rogers Communications’ FY2025 earnings at $3.78 EPS and FY2026 earnings at $4.22 EPS.

Rogers Communications Price Performance

Insider Activity

In related news, Director David Alan Robinson purchased 675 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of C$50.88 per share, with a total value of C$34,344.68. Following the completion of the acquisition, the director now directly owns 675 shares in the company, valued at C$34,344.68. This trade represents a ∞ increase in their ownership of the stock. Also, Director Robert Gemmell acquired 20,000 shares of the company’s stock in a transaction on Friday, December 27th. The stock was purchased at an average cost of C$43.67 per share, for a total transaction of C$873,396.00.

Rogers Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Monday, December 9th.