Scotiabank Has Positive Forecast for TSE:RCI FY2024 Earnings

Rogers Communications (TSE:RCI) – Research analysts at Scotiabank boosted their FY2024 earnings per share (EPS) estimates for Rogers Communications in a report issued on Wednesday, January 8th. Scotiabank analyst M. Yaghi now anticipates that the company will post earnings per share of $4.87 for the year, up from their previous estimate of $4.65. Scotiabank also issued estimates for Rogers Communications’ FY2025 earnings at $4.63 EPS.

Rogers Communications Stock Performance

Insider Activity

In other news, Director David Alan Robinson bought 675 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were 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 purchase, the director now owns 675 shares in the company, valued at approximately C$34,344.68. This represents a ∞ increase in their position. Also, Director Robert Gemmell purchased 20,000 shares of Rogers Communications stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average cost of C$43.67 per share, with a total value of C$873,396.00.

Rogers Communications Dividend Announcement

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