FY2018 EPS Estimates for Shaw Communications Inc. (SJR) Decreased by Analyst
Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) – Analysts at Cormark cut their FY2018 earnings estimates for Shaw Communications in a research report issued to clients and investors on Wednesday. Cormark analyst D. Mcfadgen now expects that the company will earn $1.01 per share for the year, down from their previous estimate of $1.11. Cormark also issued estimates for Shaw Communications’ FY2019 earnings at $1.08 EPS.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its earnings results on Wednesday, April 12th. The company reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. Shaw Communications had a return on equity of 10.36% and a net margin of 21.18%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. Shaw Communications’s revenue was up 13.3% on a year-over-year basis. WARNING: “FY2018 EPS Estimates for Shaw Communications Inc. (SJR) Decreased by Analyst” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.dailypolitical.com/2017/06/20/fy2018-eps-estimates-for-shaw-communications-inc-sjr-decreased-by-analyst.html.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity reissued a “hold” rating and issued a $28.00 price target on shares of Shaw Communications in a report on Thursday, April 13th. Zacks Investment Research downgraded Shaw Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 22nd. Finally, Citigroup Inc. started coverage on Shaw Communications in a report on Thursday, April 6th. They issued a “sell” rating for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $27.00.
Shares of Shaw Communications (NYSE SJR) traded down 0.31% during trading on Monday, reaching $22.81. The company’s stock had a trading volume of 92,447 shares. The stock has a market capitalization of $11.21 billion, a PE ratio of 13.68 and a beta of 0.89. The firm’s 50-day moving average is $21.46 and its 200-day moving average is $20.99. Shaw Communications has a 12-month low of $18.67 and a 12-month high of $23.00.
Several large investors have recently added to or reduced their stakes in SJR. Norges Bank purchased a new stake in Shaw Communications during the fourth quarter worth approximately $77,114,000. Acadian Asset Management LLC increased its stake in Shaw Communications by 87.7% in the first quarter. Acadian Asset Management LLC now owns 1,787,996 shares of the company’s stock worth $36,961,000 after buying an additional 835,355 shares during the period. Parnassus Investments CA increased its stake in Shaw Communications by 27.2% in the first quarter. Parnassus Investments CA now owns 3,275,000 shares of the company’s stock worth $67,858,000 after buying an additional 700,000 shares during the period. Lincluden Management Ltd. increased its stake in Shaw Communications by 73.1% in the fourth quarter. Lincluden Management Ltd. now owns 1,650,435 shares of the company’s stock worth $33,080,000 after buying an additional 696,994 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Shaw Communications by 62.0% in the first quarter. Renaissance Technologies LLC now owns 1,562,400 shares of the company’s stock worth $32,394,000 after buying an additional 598,100 shares during the period. 50.33% 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, July 28th. Investors of record on Friday, July 14th will be issued a dividend of $0.0736 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Wednesday, July 12th. Shaw Communications’s dividend payout ratio (DPR) is 51.46%.
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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