Research Analysts Offer Predictions for Rogers Communications’ Q2 2024 Earnings (TSE:RCI)

Rogers Communications (TSE:RCI) – Equities researchers at Desjardins reduced their Q2 2024 earnings per share (EPS) estimates for Rogers Communications in a note issued to investors on Thursday, April 25th. Desjardins analyst J. Dubreuil now anticipates that the company will earn $1.06 per share for the quarter, down from their previous 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 announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.98 by C$0.01. The firm had revenue of C$4.90 billion during 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. This represents a $2.00 annualized dividend and a dividend yield of ∞. The ex-dividend date was Friday, March 8th.

Insider Transactions at Rogers Communications

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