TSE:RCI FY2024 EPS Reduced by National Bank Financial

Rogers Communications (TSE:RCI) – Stock analysts at National Bank Financial reduced their FY2024 earnings estimates for Rogers Communications in a research note issued to investors on Thursday, January 2nd. National Bank Financial analyst A. Shine now expects that the company will earn $4.81 per share for the year, down from their prior estimate of $4.87. National Bank Financial also issued estimates for Rogers Communications’ FY2025 earnings at $3.78 EPS and FY2026 earnings at $4.22 EPS.

Rogers Communications Stock Performance

Insider Activity

In related news, Director David Alan Robinson acquired 675 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of C$50.88 per share, for a total transaction of C$34,344.68. Following the completion of the transaction, the director now owns 675 shares of the company’s stock, valued at C$34,344.68. This trade represents a ∞ increase in their position. Also, Director Robert Gemmell purchased 20,000 shares of the stock in a transaction on 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.

Rogers Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Monday, December 9th.