Shaw Communications (NYSE:SJR) (TSE:SJR.B) issued its earnings results on Tuesday. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Briefing.com reports. Shaw Communications had a return on equity of 10.86% and a net margin of 12.55%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company earned $0.31 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year.
SJR stock traded up $0.02 during mid-day trading on Thursday, reaching $17.71. 819,483 shares of the company’s stock were exchanged, compared to its average volume of 1,139,988. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 4.79 and a beta of 0.62. The stock’s 50 day moving average is $17.78 and its 200 day moving average is $17.88. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.82. Shaw Communications has a 12-month low of $12.20 and a 12-month high of $20.43.
The firm also recently declared a monthly dividend, which will be paid on Thursday, April 29th. Shareholders of record on Thursday, April 15th will be given a dividend of $0.0776 per share. The ex-dividend date is Wednesday, April 14th. This represents a $0.93 dividend on an annualized basis and a yield of 5.26%. Shaw Communications’s dividend payout ratio is currently 84.26%.
A number of analysts have recently commented on the company. TD Securities upped their target price on Shaw Communications from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley assumed coverage on Shaw Communications in a research note on Friday, October 23rd. They issued an “equal weight” rating on the stock. Canaccord Genuity upped their target price on Shaw Communications from $27.00 to $28.50 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Scotiabank lowered their target price on Shaw Communications from $29.50 to $28.50 and set an “outperform” rating on the stock in a research note on Thursday, December 10th. Finally, BMO Capital Markets lowered their target price on Shaw Communications from $27.00 to $26.00 and set a “market perform” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $26.13.
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 cable telecommunications services, including video, Internet, WiFi, phone, satellite video, and data networking through a national fibre-optic backbone network to Canadian consumers, North American businesses, and public-sector entities.
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