National Bank Financial Forecasts TSE:RCI FY2024 Earnings

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

Rogers Communications Stock Performance

Rogers Communications Announces Dividend

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

Insider Activity at Rogers Communications

In related news, Director David Alan Robinson acquired 675 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of C$50.88 per share, for a total transaction of C$34,344.68. Following the purchase, 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.