National Bank Financial Weighs in on TSE:RCI FY2024 Earnings

Rogers Communications (TSE:RCI) – Investment analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Rogers Communications in a report released on Monday, November 11th. National Bank Financial analyst A. Shine now forecasts that the company will earn $4.87 per share for the year, down from their previous 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 cut shares of Rogers Communications from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Rogers Communications Price Performance

Insiders Place Their Bets

In other Rogers Communications news, Director David Alan Robinson purchased 675 shares of Rogers Communications stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost 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.

Rogers Communications Dividend Announcement

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