What is Scotiabank’s Forecast for TSE:RCI FY2024 Earnings?

Rogers Communications (TSE:RCI) – Equities researchers at Scotiabank upped their FY2024 EPS estimates for Rogers Communications in a research report issued on Wednesday, January 8th. Scotiabank analyst M. Yaghi now anticipates that the company will post earnings per share of $4.87 for the year, up from their previous forecast of $4.65. Scotiabank also issued estimates for Rogers Communications’ FY2025 earnings at $4.63 EPS.

Rogers Communications Stock Performance

Insiders Place Their Bets

In related news, Director Robert Gemmell bought 20,000 shares of Rogers Communications stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of C$43.67 per share, with a total value of C$873,396.00. Also, Director David Alan Robinson purchased 675 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of C$50.88 per share, with a total value of C$34,344.68. Following the acquisition, the director now directly owns 675 shares of the company’s stock, valued at C$34,344.68. This trade represents a ∞ increase in their position.

Rogers Communications Dividend Announcement

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