Brokerages Expect Shaw Communications Inc (SJR) Will Post Earnings of $0.24 Per Share

Brokerages forecast that Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) will post $0.24 earnings per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Shaw Communications’ earnings. The highest EPS estimate is $0.24 and the lowest is $0.23. Shaw Communications posted earnings of $0.23 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 11th.

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

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $0.18 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis.

A number of research analysts have recently issued reports on SJR shares. Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the company a “hold” rating in a research report on Thursday, January 11th. TD Securities upgraded Shaw Communications to a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research lowered Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Barclays increased their target price on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Finally, TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.00.

Shaw Communications (NYSE SJR) opened at $20.54 on Tuesday. Shaw Communications has a 52-week low of $20.13 and a 52-week high of $23.44. The stock has a market capitalization of $9,824.52, a P/E ratio of 14.88, a PEG ratio of 4.34 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 0.76.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a $0.0795 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.95 dividend on an annualized basis and a yield of 4.65%. Shaw Communications’s payout ratio is currently 66.67%.

A number of hedge funds have recently made changes to their positions in the business. Mawer Investment Management Ltd. lifted its holdings in Shaw Communications by 3.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 9,876,821 shares of the company’s stock valued at $227,473,000 after purchasing an additional 368,387 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Shaw Communications by 107.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,165,209 shares of the company’s stock valued at $188,295,000 after purchasing an additional 4,235,803 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Shaw Communications by 10.4% in the 4th quarter. CIBC Asset Management Inc now owns 7,953,685 shares of the company’s stock valued at $182,297,000 after purchasing an additional 748,756 shares in the last quarter. CIBC World Markets Inc. lifted its holdings in Shaw Communications by 0.3% in the 4th quarter. CIBC World Markets Inc. now owns 5,654,060 shares of the company’s stock valued at $129,082,000 after purchasing an additional 17,914 shares in the last quarter. Finally, Parnassus Investments CA lifted its holdings in Shaw Communications by 7.8% in the 4th quarter. Parnassus Investments CA now owns 4,528,796 shares of the company’s stock valued at $103,392,000 after purchasing an additional 328,796 shares in the last quarter. Institutional investors own 52.83% of the company’s stock.

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About Shaw Communications

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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