Scotiabank Analysts Increase Earnings Estimates for TSE:RCI

Rogers Communications (TSE:RCI) – Stock analysts at Scotiabank raised their FY2024 EPS estimates for Rogers Communications in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst M. Yaghi now expects that the company will post earnings of $4.87 per share for the year, up from their prior forecast of $4.65. Scotiabank also issued estimates for Rogers Communications’ FY2025 earnings at $4.63 EPS.

Rogers Communications Stock Performance

Rogers Communications Dividend Announcement

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

Insider Buying and Selling at Rogers Communications

In other Rogers Communications news, Director Robert Gemmell purchased 20,000 shares of the stock in a transaction on Friday, December 27th. The stock was acquired at an average price of C$43.67 per share, with a total value of C$873,396.00. Also, Director David Alan Robinson bought 675 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of C$50.88 per share, for a total transaction of C$34,344.68. Following the transaction, the director now owns 675 shares in the company, valued at C$34,344.68. The trade was a ∞ increase in their position.