Cogeco Communications Inc. (TSE:CCA – Free Report) – Equities researchers at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Cogeco Communications in a report issued on Thursday, September 19th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $9.34 per share for the year, up from their prior forecast of $8.77. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.22 per share.
Cogeco Communications (TSE:CCA – Get Free Report) last released its earnings results on Thursday, July 11th. The company reported C$2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.73 by C$0.72. The business had revenue of C$750.58 million during the quarter, compared to analyst estimates of C$751.50 million. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%.
Read Our Latest Report on Cogeco Communications
Cogeco Communications Stock Up 1.0 %
CCA stock opened at C$68.12 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.49 and a debt-to-equity ratio of 142.88. The firm has a 50-day moving average of C$64.23 and a two-hundred day moving average of C$58.55. The company has a market cap of C$2.04 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 4.77 and a beta of 0.57. Cogeco Communications has a 12 month low of C$50.78 and a 12 month high of C$68.98.
Cogeco Communications Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were paid a $0.854 dividend. This represents a $3.42 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Thursday, July 25th. Cogeco Communications’s payout ratio is 43.62%.
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.
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