Shaw Communications (NYSE:SJR) Issues Quarterly Earnings Results


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Shaw Communications (NYSE:SJR) (TSE:SJR.B) posted its quarterly earnings data on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01), Briefing.com reports. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Shaw Communications had a net margin of 12.55% and a return on equity of 10.86%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share.

Shaw Communications stock traded up $0.02 during midday trading on Thursday, hitting $17.71. 819,495 shares of the stock were exchanged, compared to its average volume of 1,139,988. Shaw Communications has a fifty-two week low of $12.20 and a fifty-two week high of $20.43. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 4.79 and a beta of 0.62. The stock’s 50-day simple moving average is $17.78 and its 200 day simple moving average is $17.88. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.73.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 29th. Investors of record on Thursday, April 15th will be given a dividend of $0.0776 per share. This represents a $0.93 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend is Wednesday, April 14th. Shaw Communications’s payout ratio is currently 84.26%.

Several equities analysts have issued reports on SJR shares. Canaccord Genuity increased their price objective on shares of Shaw Communications from $27.00 to $28.50 and gave the company a “buy” rating in a report on Monday, November 2nd. Barclays initiated coverage on shares of Shaw Communications in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $21.00 target price for the company. Morgan Stanley initiated coverage on shares of Shaw Communications in a research report on Friday, October 23rd. They issued an “equal weight” rating for the company. BMO Capital Markets reduced their target price on shares of Shaw Communications from $27.00 to $26.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, TD Securities increased their target price on shares of Shaw Communications from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.13.

Shaw Communications Company Profile

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The 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.

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Earnings History for Shaw Communications (NYSE:SJR)

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