Cogeco (CGO) to Release Quarterly Earnings on Thursday

Cogeco (TSE:CGO) is set to issue its quarterly earnings data after the market closes on Thursday, July 11th.

Cogeco (TSE:CGO) last announced its earnings results on Thursday, April 11th. The company reported C$2.33 earnings per share for the quarter. The firm had revenue of C$751.91 million for the quarter. Cogeco had a net margin of 1.74% and a return on equity of 9.40%.

Cogeco Trading Up 2.6 %

Shares of CGO opened at C$49.88 on Thursday. The firm’s 50-day moving average price is C$50.80 and its 200-day moving average price is C$55.06. The firm has a market capitalization of C$401.04 million, a price-to-earnings ratio of 11.90, a PEG ratio of -0.28 and a beta of 0.27. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 152.98. Cogeco has a 1-year low of C$44.62 and a 1-year high of C$62.49.

Cogeco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were paid a dividend of $0.854 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date was Wednesday, April 24th. Cogeco’s payout ratio is 81.62%.

Analysts Set New Price Targets

Separately, TD Securities dropped their price objective on shares of Cogeco from C$106.00 to C$94.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th.

Cogeco Company Profile

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.