Cogeco Communications Inc (CCA) to Post FY2018 Earnings of $5.90 Per Share, National Bank Financial Forecasts

Cogeco Communications Inc (TSE:CCA) – Stock analysts at National Bank Financial reduced their FY2018 earnings estimates for shares of Cogeco Communications in a research note issued on Thursday. National Bank Financial analyst A. Shine now expects that the company will earn $5.90 per share for the year, down from their prior estimate of $6.23. National Bank Financial has a “Sector Perform” rating and a $88.00 price objective on the stock.

CCA has been the subject of several other reports. BMO Capital Markets reduced their price objective on Cogeco Communications from C$94.00 to C$90.00 in a research note on Friday, January 12th. Barclays raised their price objective on Cogeco Communications from C$80.00 to C$90.00 in a research note on Monday, November 6th. Canaccord Genuity cut Cogeco Communications from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$89.00 to C$93.00 in a research note on Monday, November 6th. TD Securities upgraded Cogeco Communications from a “reduce” rating to a “hold” rating and set a C$87.00 price objective on the stock in a research note on Thursday, December 21st. Finally, CIBC raised their price objective on Cogeco Communications from C$78.00 to C$93.00 in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$88.95.

Cogeco Communications (TSE:CCA) traded down C$0.51 during trading on Monday, hitting C$77.48. The stock had a trading volume of 93,733 shares, compared to its average volume of 85,624. The stock has a market cap of $3,850.00, a PE ratio of 12.81 and a beta of 0.71. Cogeco Communications has a 12 month low of C$68.69 and a 12 month high of C$95.21.

Cogeco Communications (TSE:CCA) last released its earnings results on Wednesday, January 10th. The company reported C$1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a return on equity of 18.11% and a net margin of 12.93%.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, January 23rd. Cogeco Communications’s dividend payout ratio (DPR) is presently 29.17%.

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Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Earnings History and Estimates for Cogeco Communications (TSE:CCA)

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