Shaw Communications Inc Class B Expected to Earn Q3 2018 Earnings of $0.27 Per Share (SJR)

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Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) – Stock analysts at National Bank Financial issued their Q3 2018 earnings per share estimates for shares of Shaw Communications Inc Class B in a report issued on Tuesday, June 26th. National Bank Financial analyst A. Shine anticipates that the company will post earnings per share of $0.27 for the quarter.

Other equities research analysts have also issued reports about the company. Canaccord Genuity upgraded Shaw Communications Inc Class B from a “hold” rating to a “buy” rating in a research note on Friday, April 13th. TheStreet lowered Shaw Communications Inc Class B from a “b-” rating to a “c” rating in a research report on Friday, May 18th. Zacks Investment Research upgraded Shaw Communications Inc Class B from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. Scotiabank upgraded Shaw Communications Inc Class B from a “sector perform” rating to an “outperform” rating in a research report on Friday, April 13th. Finally, Barclays upgraded Shaw Communications Inc Class B from an “equal weight” rating to an “overweight” rating in a research report on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $27.00.

NYSE:SJR opened at $20.35 on Thursday. Shaw Communications Inc Class B has a 12 month low of $18.50 and a 12 month high of $23.44. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 4.36 and a beta of 0.93.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, June 28th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Shaw Communications Inc Class B had a return on equity of 11.49% and a net margin of 10.97%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business earned $0.33 EPS. Shaw Communications Inc Class B’s quarterly revenue was up 6.9% on a year-over-year basis.

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Monday, October 15th will be given a $0.0743 dividend. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.38%. Shaw Communications Inc Class B’s dividend payout ratio (DPR) is presently 108.33%.

Several hedge funds have recently bought and sold shares of SJR. Icon Wealth Partners LLC purchased a new stake in shares of Shaw Communications Inc Class B in the fourth quarter valued at approximately $118,000. Citadel Advisors LLC purchased a new position in Shaw Communications Inc Class B in the fourth quarter worth approximately $217,000. First Republic Investment Management Inc. purchased a new position in Shaw Communications Inc Class B in the fourth quarter worth approximately $284,000. Investors Research Corp purchased a new position in Shaw Communications Inc Class B in the fourth quarter worth approximately $391,000. Finally, Quantitative Systematic Strategies LLC grew its position in Shaw Communications Inc Class B by 32.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 27,160 shares of the company’s stock worth $523,000 after acquiring an additional 6,694 shares during the period. Institutional investors and hedge funds own 53.65% of the company’s stock.

About Shaw Communications Inc Class B

Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.

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

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