Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) – Equities researchers at Cormark issued their Q1 2018 earnings estimates for Shaw Communications in a research report issued to clients and investors on Friday, according to Zacks Investment Research. Cormark analyst D. Mcfadgen forecasts that the company will earn $0.28 per share for the quarter.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its earnings results on Thursday, October 26th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%.
SJR has been the subject of several other research reports. Zacks Investment Research downgraded Shaw Communications from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Bank of America reissued a “neutral” rating and issued a $32.00 price target on shares of Shaw Communications in a report on Tuesday, December 5th. Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Finally, Barclays raised their price target on Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.00.
Shares of Shaw Communications (SJR) traded down $0.06 during midday trading on Monday, reaching $21.72. The company’s stock had a trading volume of 555,000 shares, compared to its average volume of 708,840. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 0.76. The firm has a market capitalization of $10,880.00, a P/E ratio of 22.86, a PEG ratio of 4.59 and a beta of 0.96. Shaw Communications has a fifty-two week low of $20.13 and a fifty-two week high of $23.44.
Several institutional investors have recently added to or reduced their stakes in SJR. Vanguard Group Inc. lifted its holdings in Shaw Communications by 4.9% in the second quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock valued at $219,621,000 after acquiring an additional 468,447 shares during the period. Mawer Investment Management Ltd. lifted its holdings in Shaw Communications by 3.9% in the third quarter. Mawer Investment Management Ltd. now owns 9,876,821 shares of the company’s stock valued at $227,473,000 after acquiring an additional 368,387 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Shaw Communications by 107.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,165,209 shares of the company’s stock valued at $188,295,000 after acquiring an additional 4,235,803 shares during the period. CIBC Asset Management Inc lifted its holdings in Shaw Communications by 3.4% in the third quarter. CIBC Asset Management Inc now owns 7,204,929 shares of the company’s stock valued at $165,401,000 after acquiring an additional 234,868 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Shaw Communications by 93.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock valued at $97,336,000 after acquiring an additional 2,157,463 shares during the period. 52.48% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a dividend of $0.0795 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Thursday, April 12th. Shaw Communications’s dividend payout ratio (DPR) is 98.95%.
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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.
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