Shaw Communications (NYSE:SJR) (TSE:SJR.B) posted its quarterly earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06), Morningstar.com reports. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Shaw Communications had a net margin of 16.80% and a return on equity of 9.54%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share.
Shares of Shaw Communications (SJR) traded up $0.21 during mid-day trading on Friday, reaching $21.78. The company’s stock had a trading volume of 1,034,574 shares, compared to its average volume of 725,933. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80. Shaw Communications has a 12 month low of $20.13 and a 12 month high of $23.44. The firm has a market cap of $10,970.00, a price-to-earnings ratio of 23.17, a P/E/G ratio of 4.53 and a beta of 0.96.
The company also recently announced a jan 18 dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 15th will be given a $0.0988 dividend. Shaw Communications’s payout ratio is currently 100.00%.
A number of hedge funds have recently modified their holdings of the business. Advisor Group Inc. increased its holdings in shares of Shaw Communications by 170.3% during the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after acquiring an additional 2,953 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Shaw Communications during the 2nd quarter valued at about $252,000. Sigma Planning Corp acquired a new position in shares of Shaw Communications during the 3rd quarter valued at about $258,000. Cubist Systematic Strategies LLC acquired a new position in shares of Shaw Communications during the 2nd quarter valued at about $326,000. Finally, Wolverine Trading LLC acquired a new position in shares of Shaw Communications during the 2nd quarter valued at about $353,000. 52.44% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on the company. TD Securities raised Shaw Communications to a “buy” rating in a research report on Friday. Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research lowered Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Bank of America reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Shaw Communications in a research report on Tuesday, December 5th. Finally, TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Shaw Communications presently has an average rating of “Hold” and a consensus target price of $27.00.
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About Shaw Communications
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.
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