Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) – Investment analysts at Cormark issued their Q1 2018 earnings per share estimates for shares of Shaw Communications in a research note issued on Friday. Cormark analyst D. Mcfadgen expects that the company will post earnings of $0.28 per share for the quarter.
SJR has been the topic of several other research reports. Zacks Investment Research cut shares of Shaw Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Bank of America reiterated a “neutral” rating and set a $32.00 price target on shares of Shaw Communications in a research note on Tuesday, December 5th. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Finally, Barclays lifted 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, October 27th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Shaw Communications currently has an average rating of “Hold” and an average target price of $27.00.
The company also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be paid a dividend of $0.0781 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, February 14th. Shaw Communications’s dividend payout ratio (DPR) is 104.44%.
A number of hedge funds have recently made changes to their positions in SJR. Advisor Group Inc. lifted its stake in Shaw Communications by 170.3% in the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock worth $101,000 after purchasing an additional 2,953 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Shaw Communications in the 2nd quarter worth $252,000. Sigma Planning Corp purchased a new stake in Shaw Communications in the 3rd quarter worth $258,000. Cubist Systematic Strategies LLC purchased a new stake in Shaw Communications in the 2nd quarter worth $326,000. Finally, Wolverine Trading LLC purchased a new stake in Shaw Communications in the 2nd quarter worth $353,000. Institutional investors and hedge funds own 52.44% of the company’s stock.
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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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