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) traded down $0.06 during trading on Monday, reaching $21.72. 555,000 shares of the company were exchanged, compared to its average volume of 708,840. The stock has a market capitalization of $10,880.00, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 4.59 and a beta of 0.96. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. Shaw Communications has a 52 week low of $20.13 and a 52 week high of $23.44.

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.

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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.

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

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