Shaw Communications (NYSE:SJR) (TSE:SJR.B) – Equities research analysts at Desjardins increased their Q4 2018 earnings per share (EPS) estimates for shares of Shaw Communications in a research note issued to investors on Friday, April 13th. Desjardins analyst M. Yaghi now anticipates that the company will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.23.
Several other research firms have also recently issued reports on SJR. Canaccord Genuity upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. TD Securities upgraded shares of Shaw Communications to a “buy” rating in a research report on Friday, January 12th. Barclays upgraded shares of Shaw Communications from an “equal weight” rating to an “overweight” rating in a research report on Thursday, April 12th. Finally, Scotiabank upgraded shares of Shaw Communications from a “sector perform” rating to an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $27.00.
NYSE SJR opened at $20.94 on Monday. Shaw Communications has a 12 month low of $18.50 and a 12 month high of $23.44. The company has a market cap of $10,011.76, a price-to-earnings ratio of 24.93, a PEG ratio of 4.39 and a beta of 0.93. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.72.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its earnings results on Thursday, April 12th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. Shaw Communications had a net margin of 10.97% and a return on equity of 11.49%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in SJR. Icon Wealth Partners LLC bought a new stake in shares of Shaw Communications during the fourth quarter valued at approximately $118,000. Citadel Advisors LLC bought a new stake in shares of Shaw Communications during the fourth quarter valued at approximately $217,000. First Republic Investment Management Inc. bought a new stake in shares of Shaw Communications during the fourth quarter valued at approximately $284,000. Investors Research Corp purchased a new position in shares of Shaw Communications in the fourth quarter valued at $391,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Shaw Communications in the fourth quarter valued at $467,000. Hedge funds and other institutional investors own 51.49% of the company’s stock.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Wednesday, August 15th will be given a dividend of $0.0773 per share. This represents a $0.93 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, August 14th. Shaw Communications’s payout ratio is currently 113.10%.
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Shaw Communications Company Profile
Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.
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