Cogeco Communications Inc. Expected to Post Q2 2023 Earnings of $2.12 Per Share (TSE:CCA)

Posted by on Apr 13th, 2023

Cogeco Communications Inc. (TSE:CCA – Get Rating) – Investment analysts at National Bank Financial issued their Q2 2023 earnings per share (EPS) estimates for Cogeco Communications in a research report issued to clients and investors on Monday, April 10th. National Bank Financial analyst A. Shine anticipates that the company will earn $2.12 per share for the quarter. The consensus estimate for Cogeco Communications’ current full-year earnings is $9.50 per share.

Cogeco Communications (TSE:CCA – Get Rating) last announced its earnings results on Thursday, January 12th. The company reported C$2.44 EPS for the quarter, beating analysts’ consensus estimates of C$2.33 by C$0.11. Cogeco Communications had a return on equity of 14.78% and a net margin of 14.53%. The business had revenue of C$762.30 million during the quarter.

Several other equities research analysts have also recently commented on CCA. Veritas Investment Research reaffirmed a “sell” rating on shares of Cogeco Communications in a report on Monday, January 16th. National Bankshares cut their price target on Cogeco Communications from C$88.00 to C$83.00 and set a “sector perform” rating for the company in a report on Monday, January 16th. Royal Bank of Canada cut their price target on Cogeco Communications from C$103.00 to C$97.00 in a report on Monday, January 16th. Finally, TD Securities cut their price target on Cogeco Communications from C$115.00 to C$110.00 and set a “buy” rating for the company in a report on Monday, January 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cogeco Communications has an average rating of “Hold” and an average price target of C$89.71.

Cogeco Communications Price Performance

Shares of Cogeco Communications stock opened at C$66.36 on Wednesday. The business has a 50 day simple moving average of C$66.71 and a two-hundred day simple moving average of C$70.32. Cogeco Communications has a 12 month low of C$60.00 and a 12 month high of C$114.66. The stock has a market capitalization of C$1.93 billion, a P/E ratio of 7.17, a PEG ratio of 4.77 and a beta of 0.47. The company has a debt-to-equity ratio of 149.78, a current ratio of 0.68 and a quick ratio of 0.49.

Cogeco Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 9th. Shareholders of record on Thursday, January 26th were paid a dividend of $0.776 per share. The ex-dividend date was Wednesday, January 25th. This represents a $3.10 annualized dividend and a yield of 4.68%. Cogeco Communications’s dividend payout ratio (DPR) is 33.48%.

About Cogeco Communications

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Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.

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