FY2024 EPS Forecast for Rogers Communications Cut by Analyst

Rogers Communications (TSE:RCI) – Analysts at National Bank Financial cut their FY2024 earnings estimates for shares of Rogers Communications in a research report issued on Monday, November 11th. National Bank Financial analyst A. Shine now expects that the company will post earnings of $4.87 per share for the year, down from their prior forecast of $4.88. National Bank Financial also issued estimates for Rogers Communications’ FY2025 earnings at $4.18 EPS and FY2026 earnings at $4.66 EPS.

Separately, Canaccord Genuity Group lowered Rogers Communications from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Rogers Communications Stock Performance

Insider Buying and Selling

In related news, Director David Alan Robinson acquired 675 shares of the stock in a transaction dated 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 purchase, the director now directly owns 675 shares in the company, valued at C$34,344.68. This trade represents a ∞ increase in their position.

Rogers Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Monday, December 9th.