Shaw Communications (SJR) Announces Quarterly Earnings Results

Shaw Communications (NYSE:SJR) (TSE:SJR.B) posted its quarterly earnings data on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.17, Morningstar.com reports. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $0.30 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year.

Shares of NYSE:SJR traded down $0.28 during midday trading on Friday, hitting $20.69. The stock had a trading volume of 288,273 shares, compared to its average volume of 742,059. Shaw Communications has a 12 month low of $18.50 and a 12 month high of $23.44. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $9,636.13, a PE ratio of 24.73, a P/E/G ratio of 4.09 and a beta of 0.93.

The company also recently announced a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a $0.0795 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.95 annualized dividend and a dividend yield of 4.61%. Shaw Communications’s dividend payout ratio is presently 113.10%.



SJR has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a report on Thursday. Canaccord Genuity set a $28.00 price objective on shares of Shaw Communications and gave the company a “hold” rating in a report on Thursday, January 11th. TD Securities upgraded shares of Shaw Communications to a “buy” rating in a report on Friday, January 12th. Scotiabank upgraded shares of Shaw Communications from a “sector perform” rating to an “outperform” rating in a report on Friday. Finally, Barclays upgraded shares of Shaw Communications from an “equal weight” rating to an “overweight” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $27.00.

Several large investors have recently added to or reduced their stakes in SJR. Icon Wealth Partners LLC bought a new position in shares of Shaw Communications in the fourth quarter valued at $118,000. Citadel Advisors LLC bought a new position in shares of Shaw Communications in the fourth quarter valued at $217,000. First Republic Investment Management Inc. bought a new position in shares of Shaw Communications in the fourth quarter valued at $284,000. Investors Research Corp bought a new position in shares of Shaw Communications in the fourth quarter valued at $391,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Shaw Communications in the fourth quarter valued at $467,000. 51.50% of the stock is owned by institutional investors and hedge funds.

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Shaw Communications Company Profile

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 for Shaw Communications (NYSE:SJR)

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