Cormark Comments on Shaw Communications Inc’s Q1 2018 Earnings (SJR)

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.

Shares of Shaw Communications (NYSE:SJR) traded down $0.28 during trading on Monday, hitting $22.74. 581,400 shares of the stock traded hands, compared to its average volume of 543,383. The stock has a market cap of $11,390.00, a PE ratio of 25.27, a PEG ratio of 4.53 and a beta of 0.96. Shaw Communications has a 1-year low of $20.13 and a 1-year high of $23.44. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 0.70.

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.

Earnings History and Estimates for Shaw Communications (NYSE:SJR)

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