What is Scotiabank’s Estimate for TSE:CCA FY2025 Earnings?

Cogeco Communications Inc. (TSE:CCA) – Equities research analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for shares of Cogeco Communications in a report issued on Wednesday, January 8th. Scotiabank analyst M. Yaghi now anticipates that the company will earn $8.32 per share for the year, down from their previous forecast of $9.09. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share.

CCA has been the topic of several other reports. National Bankshares raised shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$64.00 to C$80.00 in a report on Friday, September 20th. TD Securities boosted their target price on shares of Cogeco Communications from C$85.00 to C$89.00 in a research note on Monday, November 4th. Canaccord Genuity Group upgraded shares of Cogeco Communications from a “hold” rating to a “buy” rating and upped their price target for the stock from C$65.00 to C$77.00 in a report on Monday, November 4th. BMO Capital Markets raised their price objective on Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Finally, National Bank Financial raised Cogeco Communications from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$77.06.

Cogeco Communications Stock Down 1.7 %

Shares of TSE CCA opened at C$67.71 on Monday. The company has a market cap of C$2.03 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 4.77 and a beta of 0.59. The company has a current ratio of 0.41, a quick ratio of 0.49 and a debt-to-equity ratio of 142.88. Cogeco Communications has a 12 month low of C$50.82 and a 12 month high of C$75.09. The stock has a 50-day moving average price of C$69.24 and a two-hundred day moving average price of C$65.27.

Cogeco Communications Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 28th. Shareholders of record on Thursday, November 28th were issued a dividend of $0.922 per share. The ex-dividend date was Thursday, November 14th. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.85. This represents a $3.69 annualized dividend and a yield of 5.45%. Cogeco Communications’s payout ratio is presently 43.62%.

Insider Buying and Selling at Cogeco Communications

In other news, Director Robin Anne Bienenstock acquired 2,156 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of C$69.66 per share, for a total transaction of C$150,189.33. Also, Director Jacques Royer sold 657 shares of Cogeco Communications stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$68.86, for a total transaction of C$45,241.02. Following the transaction, the director now directly owns 1 shares of the company’s stock, valued at C$68.86. This represents a 99.85 % decrease in their position. Corporate insiders own 0.46% of the company’s stock.

Cogeco Communications Company Profile

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.