Zacks: Brokerages Expect Shaw Communications Inc (SJR) to Announce $0.23 EPS

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Wall Street analysts expect Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) to report $0.23 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Shaw Communications’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.24. Shaw Communications reported earnings of $0.40 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 42.5%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, April 9th.

On average, analysts expect that Shaw Communications will report full year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.06. For the next financial year, analysts anticipate that the company will post earnings of $1.11 per share, with EPS estimates ranging from $1.09 to $1.15. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Shaw Communications.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its earnings results on Monday, January 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. Shaw Communications had a net margin of 2.29% and a return on equity of 14.12%. Shaw Communications’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS.

A number of research firms have commented on SJR. ValuEngine downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Desjardins upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. Finally, Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Monday, December 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Shaw Communications has a consensus rating of “Buy” and a consensus price target of $26.33.

Several hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its holdings in shares of Shaw Communications by 259.6% in the 4th quarter. Quadrant Capital Group LLC now owns 5,628 shares of the company’s stock worth $97,000 after purchasing an additional 4,063 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of Shaw Communications in the 4th quarter worth approximately $122,000. Riverhead Capital Management LLC raised its holdings in shares of Shaw Communications by 69.9% in the 3rd quarter. Riverhead Capital Management LLC now owns 7,983 shares of the company’s stock worth $154,000 after purchasing an additional 3,283 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Shaw Communications in the 4th quarter worth approximately $193,000. Finally, Verition Fund Management LLC bought a new stake in shares of Shaw Communications in the 3rd quarter worth approximately $233,000. Institutional investors own 51.67% of the company’s stock.

Shaw Communications stock opened at $20.64 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 4.03 and a beta of 0.88. Shaw Communications has a 52-week low of $17.50 and a 52-week high of $21.50.

The business also recently declared a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be given a dividend of $0.0748 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.35%. Shaw Communications’s dividend payout ratio (DPR) is 76.27%.

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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