Shaw Communications (NYSE:SJR) (TSE:SJR.B) – Investment analysts at Cormark increased their FY2018 earnings per share (EPS) estimates for shares of Shaw Communications in a note issued to investors on Tuesday, April 10th. Cormark analyst D. Mcfadgen now expects that the company will earn $0.99 per share for the year, up from their prior forecast of $0.98.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings results on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.06). Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year.
Shares of NYSE:SJR opened at $20.97 on Thursday. Shaw Communications has a 12-month low of $18.50 and a 12-month high of $23.44. The company has a market capitalization of $9,576.18, a price-to-earnings ratio of 24.96, a P/E/G ratio of 4.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.76 and a quick ratio of 0.66.
The firm also recently announced a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.0795 per share. This represents a $0.95 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, April 12th. Shaw Communications’s payout ratio is 113.10%.
Hedge funds have recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new position in shares of Shaw Communications during the 4th quarter worth approximately $118,000. Citadel Advisors LLC acquired a new position in shares of Shaw Communications during the 4th quarter worth approximately $217,000. First Republic Investment Management Inc. acquired a new position in shares of Shaw Communications during the 4th quarter worth approximately $284,000. Investors Research Corp acquired a new position in shares of Shaw Communications during the 4th quarter worth approximately $391,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Shaw Communications in the 4th quarter valued at $467,000. 51.50% of the stock is owned by institutional investors and hedge funds.
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About Shaw Communications
Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.
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