Shaw Communications Inc. Forecasted to Earn Q4 2017 Earnings of $0.23 Per Share (SJR)

Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) – Research analysts at Desjardins dropped their Q4 2017 EPS estimates for shares of Shaw Communications in a research report issued on Tuesday. Desjardins analyst M. Yaghi now expects that the company will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.25. Desjardins also issued estimates for Shaw Communications’ FY2018 earnings at $1.11 EPS.

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A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. BidaskClub raised shares of Shaw Communications from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, National Bank Financial cut shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.14.

Shaw Communications (SJR) traded down 0.55% during mid-day trading on Thursday, hitting $21.73. 239,610 shares of the stock traded hands. The stock has a market cap of $10.72 billion, a PE ratio of 25.21 and a beta of 0.91. The company has a 50 day moving average of $22.68 and a 200-day moving average of $21.92. Shaw Communications has a 12-month low of $19.02 and a 12-month high of $23.31.

A number of large investors have recently bought and sold shares of the stock. TD Asset Management Inc. grew its position in Shaw Communications by 2.4% in the 2nd quarter. TD Asset Management Inc. now owns 14,888,198 shares of the company’s stock valued at $324,315,000 after buying an additional 342,269 shares during the last quarter. Vanguard Group Inc. grew its position in Shaw Communications by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock valued at $219,621,000 after buying an additional 468,447 shares during the last quarter. Mawer Investment Management Ltd. grew its position in Shaw Communications by 1.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 9,508,434 shares of the company’s stock valued at $207,499,000 after buying an additional 133,961 shares during the last quarter. CIBC Asset Management Inc grew its position in Shaw Communications by 57.1% in the 2nd quarter. CIBC Asset Management Inc now owns 6,970,061 shares of the company’s stock valued at $151,878,000 after buying an additional 2,533,410 shares during the last quarter. Finally, CIBC World Markets Inc. grew its position in Shaw Communications by 3.5% in the 2nd quarter. CIBC World Markets Inc. now owns 5,654,025 shares of the company’s stock valued at $123,201,000 after buying an additional 190,230 shares during the last quarter. Hedge funds and other institutional investors own 51.77% of the company’s stock.

Shaw Communications Company Profile

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

Earnings History and Estimates for Shaw Communications (NYSE:SJR)

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