FY2024 Earnings Forecast for TSE:RCI Issued By Scotiabank

Rogers Communications (TSE:RCI) – Research analysts at Scotiabank boosted their FY2024 earnings per share (EPS) estimates for shares of Rogers Communications in a report released on Wednesday, January 8th. Scotiabank analyst M. Yaghi now forecasts that the company will earn $4.87 per share for the year, up from their previous estimate of $4.65. Scotiabank also issued estimates for Rogers Communications’ FY2025 earnings at $4.63 EPS.

Rogers Communications Price Performance

Insider Activity

In other news, Director Robert Gemmell acquired 20,000 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of C$43.67 per share, for a total transaction of C$873,396.00. Also, Director David Alan Robinson acquired 675 shares of the stock in a transaction dated Thursday, October 31st. The shares were 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 purchase, the director now owns 675 shares of the company’s stock, valued at approximately C$34,344.68. The trade was a ∞ increase in their position.

Rogers Communications Dividend Announcement

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