Desjardins Weighs in on Shaw Communications Inc’s Q2 2018 Earnings (SJR)

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.

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

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