Brokers Set Expectations for Shaw Communications Inc.’s Q1 2018 Earnings (SJR)

Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) – Stock analysts at Desjardins issued their Q1 2018 earnings per share estimates for Shaw Communications in a research report issued on Friday. Desjardins analyst M. Yaghi anticipates that the company will post earnings per share of $0.24 for the quarter. Desjardins also issued estimates for Shaw Communications’ Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $1.02 EPS and FY2019 earnings at $1.07 EPS.

COPYRIGHT VIOLATION NOTICE: “Brokers Set Expectations for Shaw Communications Inc.’s Q1 2018 Earnings (SJR)” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.com-unik.info/2017/10/31/brokers-set-expectations-for-shaw-communications-inc-s-q1-2018-earnings-sjr.html.

Several other research firms also recently issued reports on SJR. BidaskClub downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, September 19th. Barclays PLC upped their target price 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. Finally, Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.29.

Shaw Communications (SJR) traded up 2.13% during midday trading on Monday, reaching $23.06. 558,839 shares of the company’s stock were exchanged. Shaw Communications has a 52 week low of $19.02 and a 52 week high of $23.31. The stock’s 50 day moving average is $22.52 and its 200 day moving average is $21.98. The firm has a market capitalization of $11.38 billion, a P/E ratio of 26.75 and a beta of 0.91.

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be paid a $0.0781 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.94 annualized dividend and a dividend yield of 4.15%. Shaw Communications’s dividend payout ratio (DPR) is presently 71.43%.

Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Shaw Communications by 170.3% in the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after purchasing an additional 2,953 shares during the period. Cutler Group LP boosted its stake in shares of Shaw Communications by 983.3% in the second quarter. Cutler Group LP now owns 6,500 shares of the company’s stock valued at $141,000 after purchasing an additional 5,900 shares during the period. US Bancorp DE boosted its stake in shares of Shaw Communications by 14.6% in the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock valued at $217,000 after purchasing an additional 1,267 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Shaw Communications by 4.4% in the second quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock valued at $225,000 after purchasing an additional 439 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in shares of Shaw Communications in the second quarter valued at $252,000. Institutional investors and hedge funds own 51.90% of the company’s stock.

About Shaw Communications

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)

What are top analysts saying about Shaw Communications Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Shaw Communications Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit