Rogers Communications (RCI) Expected to Earn FY2019 Earnings of $4.50 Per Share
Rogers Communications (TSE:RCI) – Investment analysts at National Bank Financial boosted their FY2019 earnings estimates for Rogers Communications in a report issued on Wednesday, April 10th. National Bank Financial analyst A. Shine now expects that the company will post earnings of $4.50 per share for the year, up from their previous forecast of $4.47. National Bank Financial currently has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Rogers Communications’ FY2020 earnings at $4.90 EPS.
Separately, Echelon Wealth Partners reissued a “buy” rating on shares of Rogers Communications in a research report on Friday, January 25th.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Monday, March 11th. This is a boost from Rogers Communications’s previous quarterly dividend of $0.48.
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