Rogers Communications (RCI) Set to Announce Quarterly Earnings on Thursday

Rogers Communications (TSE:RCI) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of C$1.42 per share for the quarter.

Rogers Communications (TSE:RCI) last issued its quarterly earnings results on Wednesday, July 24th. The company reported C$1.16 earnings per share for the quarter, beating the consensus estimate of C$1.12 by C$0.04. The business had revenue of C$5.09 billion during the quarter, compared to analyst estimates of C$5.11 billion.

Rogers Communications Price Performance

Rogers Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $2.00 annualized dividend and a yield of ∞.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group downgraded shares of Rogers Communications from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 25th.