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.
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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.
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