Shaw Communications (NYSE:SJR) Announces Earnings Results

Shaw Communications (NYSE:SJR) (TSE:SJR.B) issued its earnings results on Wednesday. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10, RTT News reports. Shaw Communications had a return on equity of 17.12% and a net margin of 18.48%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis.

Shares of SJR stock traded up $0.04 during trading hours on Friday, reaching $30.16. The company had a trading volume of 13,942 shares, compared to its average volume of 208,382. The business has a fifty day simple moving average of $29.48 and a 200-day simple moving average of $29.17. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 18.63 and a beta of 0.68. Shaw Communications has a 12 month low of $17.06 and a 12 month high of $30.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.79 and a quick ratio of 0.75.

The firm also recently announced a monthly dividend, which will be paid on Friday, February 25th. Investors of record on Tuesday, February 15th will be paid a dividend of $0.0801 per share. The ex-dividend date is Monday, February 14th. This represents a $0.96 annualized dividend and a yield of 3.19%. Shaw Communications’s dividend payout ratio is currently 57.76%.

An institutional investor recently bought a new position in Shaw Communications stock. LPL Financial LLC bought a new stake in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 34,064 shares of the company’s stock, valued at approximately $989,000. Hedge funds and other institutional investors own 55.70% of the company’s stock.

Separately, Royal Bank of Canada raised Shaw Communications from a “sector perform” rating to an “outperform” rating in a research report on Monday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.42.

Shaw Communications Company Profile

Shaw Communications, Inc engages in the provision of cable telecommunications and satellite video services. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.

See Also: FTSE 100 Index

Earnings History for Shaw Communications (NYSE:SJR)

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