Q3 2024 Earnings Estimate for Rogers Communications Issued By Desjardins (TSE:RCI)

Rogers Communications (TSE:RCI) – Analysts at Desjardins decreased their Q3 2024 earnings per share (EPS) estimates for shares of Rogers Communications in a research report issued on Wednesday, July 24th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings per share of $1.27 for the quarter, down from their prior estimate of $1.28.

Rogers Communications (TSE:RCI) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.99 EPS for the quarter, topping analysts’ consensus estimates of C$0.98 by C$0.01. The business had revenue of C$4.90 billion during the quarter, compared to analysts’ expectations of C$4.94 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.

Rogers Communications Stock Performance

Rogers Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a yield of ∞.