Shaw Communications Inc (NYSE:SJR) Expected to Post Earnings of $0.27 Per Share

Wall Street analysts predict that Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) will report earnings per share of $0.27 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Shaw Communications’ earnings. Shaw Communications posted earnings per share of $0.28 in the same quarter last year, which indicates 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 fiscal year, with EPS estimates ranging from $1.05 to $1.15. For the next fiscal year, analysts forecast that the business will post earnings of $1.16 per share, with EPS estimates ranging from $1.11 to $1.20. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Shaw Communications.

Several research analysts recently commented on SJR shares. Canaccord Genuity raised Shaw Communications from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. TD Securities cut Shaw Communications to a “buy” rating and set a $32.00 price target for the company. in a research report on Monday, October 21st. BMO Capital Markets restated a “hold” rating and set a $28.00 price objective on shares of Shaw Communications in a research report on Monday, September 9th. Finally, TheStreet lowered 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 stock. The company presently has an average rating of “Buy” and an average price target of $28.25.

NYSE:SJR opened at $20.21 on Wednesday. The stock has a 50-day simple moving average of $19.91 and a 200 day simple moving average of $19.94. Shaw Communications has a 52-week low of $17.50 and a 52-week high of $21.08. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.77. The company has a market cap of $10.14 billion, a PE ratio of 18.71, a PEG ratio of 4.17 and a beta of 0.73.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dean Capital Investments Management LLC lifted its holdings in Shaw Communications by 27.6% during the 3rd quarter. Dean Capital Investments Management LLC now owns 14,215 shares of the company’s stock worth $279,000 after buying an additional 3,074 shares during the period. Lincluden Management Ltd. lifted its holdings in Shaw Communications by 2.1% during the 3rd quarter. Lincluden Management Ltd. now owns 1,648,639 shares of the company’s stock worth $32,392,000 after buying an additional 33,160 shares during the period. Tower Research Capital LLC TRC acquired a new position in Shaw Communications during the 3rd quarter worth about $326,000. First Trust Advisors LP lifted its holdings in Shaw Communications by 23.6% during the 3rd quarter. First Trust Advisors LP now owns 2,032,366 shares of the company’s stock worth $39,956,000 after buying an additional 387,726 shares during the period. Finally, Unigestion Holding SA lifted its holdings in Shaw Communications by 0.3% during the 3rd quarter. Unigestion Holding SA now owns 2,558,318 shares of the company’s stock worth $50,295,000 after buying an additional 7,500 shares during the period. 54.90% of the stock is currently owned by hedge funds and other institutional investors.

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 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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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

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