National Bank Financial Equities Analysts Reduce Earnings Estimates for Shaw Communications Inc (SJR)

Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) – Equities researchers at National Bank Financial cut their FY2018 EPS estimates for Shaw Communications in a research note issued to investors on Thursday. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $0.96 per share for the year, down from their prior forecast of $1.02. National Bank Financial also issued estimates for Shaw Communications’ FY2019 earnings at $1.09 EPS.

SJR has been the topic of several other research reports. Barclays PLC upped their price target on Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Monday, October 2nd. BidaskClub downgraded Shaw Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. One 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 company currently has an average rating of “Hold” and a consensus target price of $27.29.

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Shares of Shaw Communications (NYSE SJR) traded up 1.42% during midday trading on Monday, reaching $22.90. The company’s stock had a trading volume of 909,748 shares. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 26.57 and a beta of 0.91. The stock has a 50-day moving average price of $22.52 and a 200-day moving average price of $21.98. Shaw Communications has a 52-week low of $19.02 and a 52-week high of $23.31.

Several hedge funds have recently added to or reduced their stakes in the company. Cidel Asset Management Inc. boosted its stake in shares of Shaw Communications by 5.8% in the 3rd quarter. Cidel Asset Management Inc. now owns 249,514 shares of the company’s stock worth $5,728,000 after buying an additional 13,782 shares during the last quarter. Intact Investment Management Inc. boosted its stake in shares of Shaw Communications by 50.2% in the 3rd quarter. Intact Investment Management Inc. now owns 974,000 shares of the company’s stock worth $27,943,000 after buying an additional 325,600 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Shaw Communications in the 3rd quarter worth $1,689,000. Highstreet Asset Management Inc. boosted its stake in shares of Shaw Communications by 1.5% in the 3rd quarter. Highstreet Asset Management Inc. now owns 524,427 shares of the company’s stock worth $12,071,000 after buying an additional 7,532 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Shaw Communications by 3.7% in the 3rd quarter. APG Asset Management N.V. now owns 575,781 shares of the company’s stock worth $13,222,000 after buying an additional 20,500 shares during the last quarter. Hedge funds and other institutional investors own 51.90% of the company’s stock.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.15%. Shaw Communications’s dividend payout ratio (DPR) is currently 71.43%.

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)

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