Desjardins Weighs in on Shaw Communications Inc’s Q2 2018 Earnings (SJR)
Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) – Equities research analysts at Desjardins decreased their Q2 2018 earnings estimates for shares of Shaw Communications in a research note issued on Friday. Desjardins analyst M. Yaghi now forecasts that the company will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.25. Desjardins also issued estimates for Shaw Communications’ Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.90 EPS and FY2019 earnings at $1.00 EPS.
A number of other equities research analysts also recently issued reports on the stock. Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Bank of America reaffirmed a “neutral” rating and set a $32.00 price target on shares of Shaw Communications in a research note on Tuesday, December 5th. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Finally, Barclays upped their price target on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%.
The firm also recently declared 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. This represents a $0.95 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Thursday, April 12th. Shaw Communications’s payout ratio is 98.95%.
Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. increased its position in Shaw Communications by 170.3% during the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after acquiring an additional 2,953 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Shaw Communications during the second quarter valued at $252,000. Sigma Planning Corp bought a new position in Shaw Communications during the third quarter valued at $258,000. Cubist Systematic Strategies LLC bought a new position in Shaw Communications during the second quarter valued at $326,000. Finally, Wolverine Trading LLC bought a new position in Shaw Communications during the second quarter valued at $353,000. Institutional investors and hedge funds own 52.48% of the company’s stock.
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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