Cogeco Communications (CCA) to Release Quarterly Earnings on Thursday

Cogeco Communications (TSE:CCA) is scheduled to issue its quarterly earnings data after the market closes on Thursday, July 11th. Analysts expect the company to announce earnings of C$1.69 per share for the quarter.

Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.88 by C$0.33. The firm had revenue of C$730.50 million for the quarter, compared to analysts’ expectations of C$735.00 million. Cogeco Communications had a net margin of 12.34% and a return on equity of 11.41%.

Cogeco Communications Trading Up 0.1 %

Cogeco Communications stock opened at C$51.50 on Thursday. The stock has a market cap of C$1.56 billion, a P/E ratio of 6.19, a PEG ratio of 4.77 and a beta of 0.47. The company has a debt-to-equity ratio of 143.84, a current ratio of 0.55 and a quick ratio of 0.49. Cogeco Communications has a 1 year low of C$50.78 and a 1 year high of C$72.56. The firm’s 50 day moving average price is C$53.99 and its 200-day moving average price is C$57.71.

Cogeco Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were given a dividend of $0.854 per share. This represents a $3.42 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend was Wednesday, April 24th. Cogeco Communications’s payout ratio is currently 41.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Cogeco Communications from C$76.00 to C$79.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Canaccord Genuity Group dropped their price objective on shares of Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating for the company in a research note on Monday, April 15th. Desjardins dropped their price objective on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating for the company in a research note on Monday, April 15th. TD Securities dropped their price objective on shares of Cogeco Communications from C$90.00 to C$80.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Finally, Scotiabank dropped their price objective on shares of Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating for the company in a research note on Monday, April 15th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cogeco Communications presently has an average rating of “Hold” and a consensus target price of C$68.44.

About Cogeco Communications

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.