Brokerages Anticipate Shaw Communications Inc (NYSE:SJR) Will Announce Earnings of $0.27 Per Share

Equities analysts expect Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) to post earnings per share (EPS) of $0.27 for the current quarter, according to Zacks. Zero analysts have provided estimates for Shaw Communications’ earnings. Shaw Communications reported earnings per share of $0.28 in the same quarter last year, which suggests a negative year over year growth rate of 3.6%. The company is scheduled to issue its next earnings report on Monday, January 13th.

According to Zacks, analysts expect that Shaw Communications will report full year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.05 to $1.15. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.11 to $1.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Shaw Communications.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Friday, October 25th. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.03). Shaw Communications had a return on equity of 11.92% and a net margin of 13.76%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion.

Several equities research analysts have commented on SJR shares. TD Securities downgraded shares of Shaw Communications to a “buy” rating and set a $32.00 target price for the company. in a research note on Monday, October 21st. BMO Capital Markets reiterated a “hold” rating and set a $28.00 target price on shares of Shaw Communications in a report on Monday, September 9th. Finally, TheStreet downgraded shares of Shaw Communications from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Shaw Communications has a consensus rating of “Buy” and a consensus target price of $28.25.

Shaw Communications stock traded down $0.08 during midday trading on Friday, hitting $20.14. 25,399 shares of the stock were exchanged, compared to its average volume of 428,523. The stock has a market capitalization of $10.31 billion, a PE ratio of 18.66, a P/E/G ratio of 4.24 and a beta of 0.72. The company has a fifty day simple moving average of $20.29 and a two-hundred day simple moving average of $19.99. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.65. Shaw Communications has a 52 week low of $17.50 and a 52 week high of $21.08.

Institutional investors have recently modified their holdings of the business. Brandywine Oak Private Wealth LLC purchased a new stake in shares of Shaw Communications during the 2nd quarter valued at about $243,000. Wetherby Asset Management Inc. increased its position in Shaw Communications by 16.7% during the second quarter. Wetherby Asset Management Inc. now owns 11,250 shares of the company’s stock valued at $230,000 after acquiring an additional 1,606 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Shaw Communications by 2.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,072 shares of the company’s stock valued at $1,699,000 after acquiring an additional 2,042 shares during the period. First Trust Advisors LP boosted its position in Shaw Communications by 14.7% in the second quarter. First Trust Advisors LP now owns 1,644,640 shares of the company’s stock worth $33,518,000 after purchasing an additional 210,564 shares during the last quarter. Finally, AGF Investments Inc. boosted its position in Shaw Communications by 7.0% in the second quarter. AGF Investments Inc. now owns 207,242 shares of the company’s stock worth $4,229,000 after purchasing an additional 13,626 shares during the last quarter. 51.59% of the stock is owned by institutional investors and hedge funds.

About Shaw Communications

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

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

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