Cormark Research Analysts Lift Earnings Estimates for Shaw Communications (SJR)

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.



A number of other research analysts also recently issued reports on SJR. Canaccord Genuity set a $28.00 price target on Shaw Communications and gave the company a “hold” rating in a report on Tuesday. Barclays raised Shaw Communications from an “equal weight” rating to an “overweight” rating in a research note on Thursday. Zacks Investment Research raised Shaw Communications from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, TD Securities raised Shaw Communications to a “buy” rating in a research note on Friday, January 12th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.00.

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.

COPYRIGHT VIOLATION WARNING: “Cormark Research Analysts Lift Earnings Estimates for Shaw Communications (SJR)” was first posted by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://dakotafinancialnews.com/2018/04/13/cormark-research-analysts-lift-earnings-estimates-for-shaw-communications-sjr.html.

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.

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

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply