Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) – Equities researchers at Cormark lowered their FY2018 earnings per share estimates for shares of Shaw Communications in a research report issued on Wednesday. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $0.99 for the year, down from their prior estimate of $1.03.

SJR has been the subject of a number of other reports. Citigroup Inc. started coverage on Shaw Communications in a report on Thursday, April 6th. They issued a “sell” rating for the company. BidaskClub downgraded Shaw Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, June 15th. Canaccord Genuity restated a “hold” rating and issued a $28.00 price objective on shares of Shaw Communications in a report on Thursday, April 13th. Finally, National Bank Financial downgraded Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $27.00.

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Shares of Shaw Communications (NYSE:SJR) traded up 0.09% during midday trading on Friday, hitting $22.14. The company had a trading volume of 215,328 shares. Shaw Communications has a one year low of $19.02 and a one year high of $23.31. The stock’s 50-day moving average price is $22.03 and its 200-day moving average price is $21.29. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 26.97 and a beta of 0.91.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.19. Shaw Communications had a return on equity of 9.31% and a net margin of 10.01%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a $0.0744 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.89 annualized dividend and a yield of 4.04%. Shaw Communications’s payout ratio is 113.75%.

Institutional investors have recently made changes to their positions in the stock. Cutler Group LP boosted its stake in Shaw Communications by 983.3% in the second quarter. Cutler Group LP now owns 6,500 shares of the company’s stock worth $141,000 after buying an additional 5,900 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new stake in Shaw Communications during the first quarter worth approximately $204,000. Wetherby Asset Management Inc. bought a new stake in Shaw Communications during the first quarter worth approximately $205,000. US Bancorp DE boosted its stake in Shaw Communications by 14.6% in the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock worth $217,000 after buying an additional 1,267 shares during the period. Finally, Greenleaf Trust boosted its stake in Shaw Communications by 1.7% in the first quarter. Greenleaf Trust now owns 11,228 shares of the company’s stock worth $233,000 after buying an additional 190 shares during the period. 50.16% of the stock is currently owned by institutional investors and hedge funds.

Shaw Communications Company Profile

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.

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

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