Equities Analysts Issue Forecasts for Rogers Communications’ FY2024 Earnings (TSE:RCI)

Rogers Communications (TSE:RCI) – Analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Rogers Communications in a research note issued to investors on Monday, September 30th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $4.72 per share for the year, down from their previous estimate of $4.73.

Rogers Communications (TSE:RCI) last announced its earnings results on Wednesday, July 24th. The company reported C$1.16 EPS for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.04. The business had revenue of C$5.09 billion for the quarter, compared to the consensus estimate of C$5.11 billion.

Separately, Canaccord Genuity Group cut shares of Rogers Communications from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Rogers Communications Price Performance

Rogers Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 9th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $2.00 annualized dividend and a dividend yield of ?.