Rogers Communications to Post Q2 2024 Earnings of $1.06 Per Share, Desjardins Forecasts (TSE:RCI)

Rogers Communications (TSE:RCI) – Analysts at Desjardins cut their Q2 2024 earnings per share estimates for Rogers Communications in a research note issued on Thursday, April 25th. Desjardins analyst J. Dubreuil now expects that the company will post earnings per share of $1.06 for the quarter, down from their prior estimate of $1.16. Desjardins also issued estimates for Rogers Communications’ Q3 2024 earnings at $1.28 EPS, Q4 2024 earnings at $1.23 EPS and FY2025 earnings at $5.17 EPS.

Rogers Communications (TSE:RCI) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.98 by C$0.01. The firm had revenue of C$4.90 billion for the quarter, compared to the consensus estimate of C$4.94 billion.

Rogers Communications Stock Performance

Rogers Communications Dividend Announcement

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

Insider Activity

In related news, Director Edward Rogers acquired 400 shares of the stock in a transaction dated Wednesday, February 7th. The shares were bought at an average cost of C$63.92 per share, for a total transaction of C$25,569.96. Following the purchase, the director now owns 400 shares in the company, valued at approximately C$25,569.96.