Shaw Communications (SJR) Announces Earnings Results, Misses Estimates By $0.06 EPS

Shaw Communications (NYSE:SJR) (TSE:SJR.B) announced its quarterly earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.06), Morningstar.com reports. Shaw Communications had a return on equity of 9.54% and a net margin of 16.80%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company earned $0.18 EPS. The company’s revenue was up 2.7% on a year-over-year basis.

Shaw Communications (NYSE:SJR) traded up $0.21 during trading on Friday, reaching $21.78. The company’s stock had a trading volume of 1,034,574 shares, compared to its average volume of 725,933. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.80 and a quick ratio of 0.72. The firm has a market capitalization of $10,970.00, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 4.53 and a beta of 0.96. Shaw Communications has a 12 month low of $20.13 and a 12 month high of $23.44.

The firm also recently disclosed a jan 18 dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 15th will be issued a dividend of $0.0988 per share. Shaw Communications’s dividend payout ratio is presently 100.00%.

A number of institutional investors have recently bought and sold shares of SJR. Advisor Group Inc. grew its holdings in 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 last quarter. Ameriprise Financial Inc. acquired a new stake in Shaw Communications in the second quarter valued at $252,000. Sigma Planning Corp acquired a new stake in Shaw Communications in the third quarter valued at $258,000. Cubist Systematic Strategies LLC acquired a new stake in Shaw Communications in the second quarter valued at $326,000. Finally, Wolverine Trading LLC acquired a new stake in Shaw Communications in the second quarter valued at $353,000. 52.44% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on SJR. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Monday, October 2nd. Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Bank of America reaffirmed a “neutral” rating and set a $32.00 price objective on shares of Shaw Communications in a report on Tuesday, December 5th. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Finally, Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the stock a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Shaw Communications presently has an average rating of “Hold” and a consensus target price of $27.00.

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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 for Shaw Communications (NYSE:SJR)

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