Cogeco Communications Inc to Post FY2018 Earnings of $5.90 Per Share, National Bank Financial Forecasts (CCA)

Cogeco Communications Inc (TSE:CCA) – National Bank Financial cut their FY2018 earnings estimates for shares of Cogeco Communications in a research report issued on Thursday. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $5.90 for the year, down from their previous forecast of $6.23. National Bank Financial currently has a “Sector Perform” rating and a $88.00 price target on the stock.

Cogeco Communications (TSE:CCA) last released its quarterly earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a net margin of 12.93% and a return on equity of 18.11%.

Other equities analysts also recently issued research reports about the stock. Barclays raised their price target on shares of Cogeco Communications from C$80.00 to C$90.00 in a research note on Monday, November 6th. CIBC dropped their price target on shares of Cogeco Communications from C$93.00 to C$90.00 in a research note on Sunday. BMO Capital Markets dropped their price target on shares of Cogeco Communications from C$94.00 to C$90.00 in a research note on Friday. TD Securities raised shares of Cogeco Communications from a “reduce” rating to a “hold” rating and set a C$87.00 target price for the company in a research note on Thursday, December 21st. Finally, Canaccord Genuity downgraded shares of Cogeco Communications from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$89.00 to C$93.00 in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$88.95.

Cogeco Communications (TSE:CCA) traded down C$1.11 during mid-day trading on Monday, hitting C$77.99. 121,139 shares of the stock traded hands, compared to its average volume of 84,887. The company has a market capitalization of $3,860.00, a P/E ratio of 12.89 and a beta of 0.71. Cogeco Communications has a 12-month low of C$68.69 and a 12-month high of C$95.21.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Tuesday, January 23rd. Cogeco Communications’s dividend payout ratio is presently 29.17%.

WARNING: “Cogeco Communications Inc to Post FY2018 Earnings of $5.90 Per Share, National Bank Financial Forecasts (CCA)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2018/01/16/cogeco-communications-inc-to-post-fy2018-earnings-of-5-90-per-share-national-bank-financial-forecasts-cca.html.

About Cogeco Communications

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

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

Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply