Shaw Communications (NYSE:SJR) (TSE:SJR.B) – Equities researchers at National Bank Financial raised their FY2018 EPS estimates for shares of Shaw Communications in a research report issued to clients and investors on Thursday, April 12th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $0.98 per share for the year, up from their previous estimate of $0.92. National Bank Financial also issued estimates for Shaw Communications’ FY2019 earnings at $1.07 EPS.
SJR has been the topic of a number of other research reports. Canaccord Genuity set a $28.00 price objective on shares of Shaw Communications and gave the stock a “hold” rating in a report on Tuesday, April 10th. Scotiabank raised shares of Shaw Communications from a “sector perform” rating to an “outperform” rating in a report on Friday, April 13th. Zacks Investment Research raised shares of Shaw Communications from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. Barclays raised shares of Shaw Communications from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 12th. Finally, TD Securities raised shares of Shaw Communications to a “buy” rating in a report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.00.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its earnings results on Thursday, April 12th. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.17. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Shaw Communications had a net margin of 10.97% and a return on equity of 11.49%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Wednesday, August 15th will be issued a dividend of $0.0773 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.93 dividend on an annualized basis and a yield of 4.41%. Shaw Communications’s payout ratio is currently 113.10%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. AMP Capital Investors Ltd grew its position in shares of Shaw Communications by 2.4% during the third quarter. AMP Capital Investors Ltd now owns 136,210 shares of the company’s stock worth $3,130,000 after acquiring an additional 3,200 shares during the last quarter. Cidel Asset Management Inc. grew its position in shares of Shaw Communications by 1.3% during the fourth quarter. Cidel Asset Management Inc. now owns 252,814 shares of the company’s stock worth $5,770,000 after acquiring an additional 3,300 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in shares of Shaw Communications by 6.0% during the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 77,105 shares of the company’s stock worth $1,759,000 after acquiring an additional 4,366 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in shares of Shaw Communications during the fourth quarter worth approximately $118,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Shaw Communications by 30.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 27,005 shares of the company’s stock worth $617,000 after acquiring an additional 6,260 shares during the last quarter. Institutional investors and hedge funds own 51.49% of the company’s stock.
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.
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