Zacks: Analysts Anticipate Shaw Communications Inc (SJR) to Announce $0.24 Earnings Per Share
Equities analysts predict that Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) will post earnings per share (EPS) of $0.24 for the current quarter, according to Zacks. Zero analysts have issued estimates for Shaw Communications’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.24. Shaw Communications posted earnings per share of $0.23 during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, April 11th.
According to Zacks, analysts expect that Shaw Communications will report full year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.02. For the next financial year, analysts expect that the business will post earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.18. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Shaw Communications.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.06). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. Shaw Communications’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS.
Shaw Communications (NYSE:SJR) traded down $0.58 during midday trading on Friday, reaching $21.10. The company’s stock had a trading volume of 534,680 shares, compared to its average volume of 610,150. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. The firm has a market cap of $10,329.57, a P/E ratio of 15.29, a PEG ratio of 4.56 and a beta of 0.88. Shaw Communications has a 12-month low of $20.13 and a 12-month high of $23.44.
The firm also recently announced a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a $0.0795 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.52%. Shaw Communications’s dividend payout ratio is 66.67%.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of Shaw Communications by 170.3% in the 2nd 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 period. Ameriprise Financial Inc. acquired a new position in shares of Shaw Communications in the 2nd quarter valued at about $252,000. Sigma Planning Corp acquired a new position in shares of Shaw Communications in the 3rd quarter valued at about $258,000. Cubist Systematic Strategies LLC acquired a new position in shares of Shaw Communications in the 2nd quarter valued at about $326,000. Finally, Quantbot Technologies LP increased its holdings in shares of Shaw Communications by 66.4% in the 2nd quarter. Quantbot Technologies LP now owns 20,834 shares of the company’s stock valued at $453,000 after purchasing an additional 8,313 shares during the period. Institutional investors own 52.52% 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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