FY2025 EPS Estimates for TSE:CCA Lowered by Analyst

Cogeco Communications Inc. (TSE:CCA - Free Report) - Equities research analysts at National Bank Financial lowered their FY2025 earnings per share estimates for Cogeco Communications in a report released on Thursday, April 10th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $8.11 for the year, down from their prior estimate of $8.20. The consensus estimate for Cogeco Communications' current full-year earnings is $8.49 per share. National Bank Financial also issued estimates for Cogeco Communications' FY2026 earnings at $7.95 EPS.

CCA has been the topic of a number of other research reports. Canaccord Genuity Group raised their target price on Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a report on Friday, April 11th. CIBC reduced their price objective on Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th. Royal Bank of Canada lifted their target price on Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 9th. Finally, Scotiabank set a C$75.00 target price on shares of Cogeco Communications and gave the stock a "sector perform" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$76.10.

Cogeco Communications Price Performance

Shares of TSE CCA traded up C$0.71 during trading hours on Monday, hitting C$65.69. 53,074 shares of the stock were exchanged, compared to its average volume of 106,656. The company's fifty day simple moving average is C$66.34 and its two-hundred day simple moving average is C$67.35. The company has a market cap of C$2.76 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. Cogeco Communications has a 1-year low of C$50.82 and a 1-year high of C$75.09.

Cogeco Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th will be paid a $0.922 dividend. This represents a $3.69 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Wednesday, April 23rd. Cogeco Communications's dividend payout ratio is currently 41.40%.

About Cogeco Communications

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.