Cogeco (CGO) Scheduled to Post Quarterly Earnings on Thursday

Cogeco (TSE:CGO) is scheduled to be announcing its earnings results after the market closes on Thursday, July 11th.

Cogeco (TSE:CGO) last released its quarterly earnings results on Thursday, April 11th. The company reported C$2.33 earnings per share for the quarter. Cogeco had a net margin of 1.74% and a return on equity of 9.40%. The company had revenue of C$751.91 million for the quarter.

Cogeco Stock Down 2.8 %

CGO opened at C$47.50 on Wednesday. The company has a debt-to-equity ratio of 152.98, a current ratio of 0.57 and a quick ratio of 0.51. The company’s 50-day moving average is C$50.59 and its 200 day moving average is C$54.88. Cogeco has a fifty-two week low of C$44.62 and a fifty-two week high of C$62.49. The firm has a market capitalization of C$381.90 million, a P/E ratio of 11.34, a PEG ratio of -0.28 and a beta of 0.27.

Cogeco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were given a $0.854 dividend. This represents a $3.42 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend was Wednesday, April 24th. Cogeco’s dividend payout ratio is 81.62%.

Analyst Upgrades and Downgrades

Separately, TD Securities reduced their price objective on shares of Cogeco from C$106.00 to C$94.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th.

Cogeco Company Profile

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.