Desjardins Has Negative Estimate for TSE:CCA FY2025 Earnings

Cogeco Communications Inc. (TSE:CCA - Free Report) - Desjardins dropped their FY2025 earnings per share estimates for shares of Cogeco Communications in a research report issued to clients and investors on Wednesday, July 16th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings per share of $7.71 for the year, down from their previous estimate of $8.51. The consensus estimate for Cogeco Communications' current full-year earnings is $8.49 per share. Desjardins also issued estimates for Cogeco Communications' Q4 2025 earnings at $1.93 EPS, FY2026 earnings at $7.21 EPS and FY2027 earnings at $7.05 EPS.

CCA has been the topic of several other reports. Royal Bank Of Canada lowered their target price on Cogeco Communications from C$75.00 to C$74.00 in a research note on Thursday, July 17th. Canaccord Genuity Group lifted their target price on Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a research note on Friday, April 11th. National Bankshares set a C$85.00 target price on Cogeco Communications and gave the company an "outperform" rating in a research note on Friday, June 6th. Scotiabank lowered their target price on Cogeco Communications from C$75.50 to C$75.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 17th. Finally, BMO Capital Markets lowered their target price on Cogeco Communications from C$80.00 to C$75.00 in a research note on Thursday, July 17th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cogeco Communications has an average rating of "Moderate Buy" and an average price target of C$77.44.

Cogeco Communications Stock Performance

TSE:CCA traded up C$0.08 during mid-day trading on Monday, reaching C$65.48. 59,455 shares of the stock were exchanged, compared to its average volume of 83,019. The company has a 50 day simple moving average of C$68.95 and a 200-day simple moving average of C$66.75. The stock has a market capitalization of C$2.75 billion, a P/E ratio of 7.93, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. Cogeco Communications has a 1 year low of C$59.10 and a 1 year high of C$75.09.

Cogeco Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, May 7th were issued a dividend of $0.922 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $3.69 annualized dividend and a yield of 5.63%. Cogeco Communications's dividend payout ratio is presently 41.40%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services.