Shaw Communications (SJR) Scheduled to Post Quarterly Earnings on Wednesday

Shaw Communications (NYSE:SJRGet Rating) (TSE:SJR.B) is scheduled to post its quarterly earnings results before the market opens on Wednesday, April 13th. Analysts expect Shaw Communications to post earnings of $0.33 per share for the quarter.

Shaw Communications (NYSE:SJRGet Rating) (TSE:SJR.B) last issued its earnings results on Wednesday, January 12th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Shaw Communications had a net margin of 18.48% and a return on equity of 17.03%. Shaw Communications’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. On average, analysts expect Shaw Communications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of SJR stock opened at $31.35 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.78 and a current ratio of 0.81. The firm’s 50-day moving average is $30.19 and its 200-day moving average is $29.67. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 19.47 and a beta of 0.67. Shaw Communications has a 52-week low of $26.63 and a 52-week high of $31.60.

The business also recently declared a monthly dividend, which will be paid on Monday, May 30th. Investors of record on Friday, May 13th will be paid a $0.0791 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $0.95 dividend on an annualized basis and a yield of 3.03%. This is a positive change from Shaw Communications’s previous monthly dividend of $0.08. Shaw Communications’s dividend payout ratio is 57.76%.

A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Shaw Communications in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. CIBC upped their price target on shares of Shaw Communications from C$27.00 to C$40.50 in a research note on Tuesday, January 25th.

Several hedge funds and other institutional investors have recently bought and sold shares of SJR. LPL Financial LLC increased its stake in Shaw Communications by 5.6% in the 4th quarter. LPL Financial LLC now owns 35,972 shares of the company’s stock worth $1,091,000 after purchasing an additional 1,908 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Shaw Communications by 2.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 196,270 shares of the company’s stock worth $5,955,000 after buying an additional 4,955 shares during the last quarter. BlackRock Inc. grew its position in shares of Shaw Communications by 1.7% in the 4th quarter. BlackRock Inc. now owns 478,663 shares of the company’s stock worth $14,522,000 after buying an additional 8,049 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of Shaw Communications by 60.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 22,400 shares of the company’s stock worth $680,000 after buying an additional 8,400 shares during the last quarter. Finally, JustInvest LLC bought a new stake in shares of Shaw Communications in the 4th quarter worth approximately $260,000. Institutional investors and hedge funds own 55.58% of the company’s stock.

About Shaw Communications (Get Rating)

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The company's Wireline segment provides cable telecommunications services, including video, Internet, WiFi, phone, satellite video, and data networking through a national fibre-optic backbone network to Canadian consumers, North American businesses, and public-sector entities.

Read More

Earnings History for Shaw Communications (NYSE:SJR)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.