Brokerages Expect Shaw Communications Inc (SJR) to Post $0.24 EPS

Wall Street analysts predict that Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) will announce earnings per share of $0.24 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Shaw Communications’ earnings. The highest EPS estimate is $0.24 and the lowest is $0.23. Shaw Communications posted earnings per share of $0.23 in the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is expected to report its next earnings results on Wednesday, April 11th.

On average, analysts expect that Shaw Communications will report full year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.02. For the next fiscal year, analysts expect that the firm will post earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Shaw Communications.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its earnings results on Thursday, October 26th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $992.09 million during the quarter, compared to analysts’ expectations of $999.33 million. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, October 2nd. Scotiabank cut Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Bank of America reissued a “neutral” rating and issued a $32.00 target price on shares of Shaw Communications in a research note on Tuesday, December 5th. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Finally, Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the stock a “hold” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.

Several institutional investors have recently made changes to their positions in SJR. Alliancebernstein L.P. grew its stake in shares of Shaw Communications by 31.8% during the second quarter. Alliancebernstein L.P. now owns 60,578 shares of the company’s stock worth $1,320,000 after purchasing an additional 14,604 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Shaw Communications during the second quarter worth $252,000. Northern Trust Corp grew its stake in shares of Shaw Communications by 0.4% during the second quarter. Northern Trust Corp now owns 423,151 shares of the company’s stock worth $9,221,000 after purchasing an additional 1,884 shares during the period. Vanguard Group Inc. grew its stake in shares of Shaw Communications by 4.9% during the second quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock worth $219,621,000 after purchasing an additional 468,447 shares during the period. Finally, FMR LLC grew its stake in shares of Shaw Communications by 123.7% during the second quarter. FMR LLC now owns 1,064,237 shares of the company’s stock worth $23,217,000 after purchasing an additional 588,581 shares during the period. 52.48% of the stock is owned by institutional investors and hedge funds.

Shaw Communications (NYSE:SJR) traded up $0.07 during midday trading on Friday, hitting $22.00. The stock had a trading volume of 431,340 shares, compared to its average volume of 576,940. The firm has a market cap of $10,448.68, a PE ratio of 15.94, a P/E/G ratio of 4.62 and a beta of 0.95. Shaw Communications has a one year low of $20.13 and a one year high of $23.44. 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 business also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a dividend of $0.0795 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.34%. Shaw Communications’s dividend payout ratio (DPR) is presently 66.67%.

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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.

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

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