$0.25 EPS Expected for Shaw Communications Inc (SJR) This Quarter

Analysts forecast that Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) will report earnings of $0.25 per share for the current quarter, Zacks reports. Zero analysts have made estimates for Shaw Communications’ earnings. The lowest EPS estimate is $0.23 and the highest is $0.26. Shaw Communications reported earnings per share of $0.19 in the same quarter last year, which indicates a positive year-over-year growth rate of 31.6%. The firm is scheduled to announce its next earnings report on Thursday, January 10th.

On average, analysts expect that Shaw Communications will report full-year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.12. For the next financial year, analysts forecast that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $1.01 to $1.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Shaw Communications.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, October 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Shaw Communications had a return on equity of 12.90% and a net margin of 1.04%.

SJR has been the subject of several analyst reports. ValuEngine lowered Shaw Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, September 25th. Finally, Canaccord Genuity lowered Shaw Communications from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $27.50.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Shaw Communications in the 2nd quarter worth about $137,000. Lenox Wealth Management Inc. bought a new position in shares of Shaw Communications in the 3rd quarter worth about $187,000. US Bancorp DE raised its position in shares of Shaw Communications by 65.7% in the 2nd quarter. US Bancorp DE now owns 10,394 shares of the company’s stock worth $212,000 after acquiring an additional 4,121 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Shaw Communications in the 3rd quarter worth about $284,000. Finally, Cumberland Partners Ltd bought a new position in shares of Shaw Communications in the 2nd quarter worth about $288,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

NYSE:SJR traded down $0.10 during trading hours on Monday, hitting $18.66. 363,003 shares of the company were exchanged, compared to its average volume of 613,840. The firm has a market cap of $9.04 billion, a P/E ratio of 15.81, a P/E/G ratio of 3.58 and a beta of 0.94. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 0.72. Shaw Communications has a one year low of $18.18 and a one year high of $23.44.

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 30th. Investors of record on Tuesday, January 15th will be given a dividend of $0.0754 per share. This represents a $0.90 annualized dividend and a yield of 4.85%. The ex-dividend date is Monday, January 14th. Shaw Communications’s dividend payout ratio is currently 77.97%.

About Shaw Communications

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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