Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) – Desjardins dropped their Q2 2018 earnings estimates for Shaw Communications in a research report issued to clients and investors on Friday. Desjardins analyst M. Yaghi now expects that the company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.25. Desjardins also issued estimates for Shaw Communications’ Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.90 EPS and FY2019 earnings at $1.00 EPS.
Several other analysts have also recently weighed in on the stock. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Shaw Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Bank of America restated a “neutral” rating and set a $32.00 price objective on shares of Shaw Communications in a research report on Tuesday, December 5th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Finally, Barclays raised their price objective on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.00.
Shaw Communications (NYSE:SJR) traded down $0.06 during trading on Monday, hitting $21.72. 555,000 shares of the stock traded hands, 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 stock has a market cap of $10,880.00, a PE ratio of 22.86, a P/E/G ratio of 4.59 and a beta of 0.96. Shaw Communications has a 12-month low of $20.13 and a 12-month high of $23.44.
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, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%.
Several hedge funds have recently added to or reduced their stakes in SJR. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Shaw Communications by 107.8% during the 3rd 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 purchasing an additional 4,235,803 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Shaw Communications by 93.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock valued at $97,336,000 after purchasing an additional 2,157,463 shares during the last quarter. FMR LLC grew its holdings in shares of Shaw Communications by 123.7% during the 2nd quarter. FMR LLC now owns 1,064,237 shares of the company’s stock valued at $23,217,000 after purchasing an additional 588,581 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Shaw Communications by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock valued at $219,621,000 after purchasing an additional 468,447 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Shaw Communications by 11.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,893,536 shares of the company’s stock valued at $89,429,000 after purchasing an additional 393,291 shares during the last quarter. 52.48% of the stock is currently owned by institutional investors.
The firm 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 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Thursday, April 12th. Shaw Communications’s dividend payout ratio is currently 98.95%.
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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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