Wall Street brokerages expect Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) to announce $0.27 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Shaw Communications’ earnings. Shaw Communications posted earnings of $0.28 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 3.6%. The company is scheduled to report its next quarterly earnings results on Monday, January 13th.
On average, analysts expect that Shaw Communications will report full year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.05 to $1.15. For the next financial year, analysts expect that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.11 to $1.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Shaw Communications.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings results on Friday, October 25th. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.03). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. Shaw Communications had a return on equity of 11.92% and a net margin of 13.76%.
SJR has been the topic of several recent analyst reports. BMO Capital Markets reissued a “hold” rating and set a $28.00 target price on shares of Shaw Communications in a research note on Monday, September 9th. TheStreet lowered shares of Shaw Communications from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Finally, TD Securities downgraded Shaw Communications to a “buy” rating and set a $32.00 price target for the company. in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Shaw Communications has a consensus rating of “Buy” and a consensus price target of $28.25.
Shaw Communications stock traded down $0.08 during midday trading on Friday, hitting $20.14. 25,399 shares of the stock were exchanged, compared to its average volume of 428,523. The stock’s 50-day simple moving average is $20.29 and its 200 day simple moving average is $19.99. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 4.24 and a beta of 0.72. Shaw Communications has a fifty-two week low of $17.50 and a fifty-two week high of $21.08. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.65.
Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new position in shares of Shaw Communications in the 2nd quarter valued at about $32,000. Whittier Trust Co. purchased a new position in shares of Shaw Communications in the third quarter valued at about $35,000. Parallel Advisors LLC lifted its holdings in shares of Shaw Communications by 75.9% during the second quarter. Parallel Advisors LLC now owns 2,578 shares of the company’s stock valued at $53,000 after purchasing an additional 1,112 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Shaw Communications by 53.2% during the 2nd quarter. Signaturefd LLC now owns 3,707 shares of the company’s stock valued at $76,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Neuburgh Advisers LLC grew its position in shares of Shaw Communications by 15.3% during the 2nd quarter. Neuburgh Advisers LLC now owns 5,296 shares of the company’s stock worth $104,000 after buying an additional 704 shares in the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.
About Shaw Communications
Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.
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