Desjardins Equities Analysts Reduce Earnings Estimates for Cogeco Communications Inc. (TSE:CCA)

Cogeco Communications Inc. (TSE:CCA) – Stock analysts at Desjardins dropped their Q4 2021 EPS estimates for shares of Cogeco Communications in a research note issued on Wednesday, October 13th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings per share of $1.98 for the quarter, down from their prior estimate of $2.01.

Cogeco Communications (TSE:CCA) last announced its earnings results on Wednesday, July 14th. The company reported C$2.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$2.15 by C($0.14). The company had revenue of C$624.31 million for the quarter, compared to analyst estimates of C$630.75 million.

CCA has been the topic of a number of other research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a C$127.00 target price on shares of Cogeco Communications in a research report on Friday, July 16th. National Bankshares lowered their price target on shares of Cogeco Communications from C$143.00 to C$141.00 and set an “outperform” rating on the stock in a report on Friday, July 16th. Canaccord Genuity reissued a “buy” rating on shares of Cogeco Communications in a report on Wednesday, September 8th. TD Securities boosted their price target on shares of Cogeco Communications from C$130.00 to C$135.00 and gave the company a “buy” rating in a report on Tuesday, August 17th. Finally, CIBC reissued an “outperform” rating and issued a C$131.00 price target on shares of Cogeco Communications in a report on Tuesday, August 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$133.50.

Shares of CCA stock opened at C$108.31 on Thursday. Cogeco Communications has a 1 year low of C$89.90 and a 1 year high of C$123.07. The firm’s fifty day simple moving average is C$114.93 and its 200 day simple moving average is C$117.05. The firm has a market capitalization of C$5.10 billion and a P/E ratio of 13.13. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 113.55.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 11th. Stockholders of record on Wednesday, August 11th were paid a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, July 27th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.36%. Cogeco Communications’s dividend payout ratio (DPR) is presently 30.31%.

Cogeco Communications Company Profile

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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Earnings History and Estimates for Cogeco Communications (TSE:CCA)

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