$0.27 EPS Expected for Shaw Communications Inc Class B (SJR) This Quarter

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Analysts predict that Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) will post $0.27 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Shaw Communications Inc Class B’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.29. Shaw Communications Inc Class B posted earnings per share of $0.24 in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Shaw Communications Inc Class B will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.72 to $0.94. For the next fiscal year, analysts forecast that the business will report earnings of $1.04 per share, with EPS estimates ranging from $0.97 to $1.13. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Shaw Communications Inc Class B.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, June 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Shaw Communications Inc Class B had a net margin of 6.71% and a return on equity of 12.18%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS.

SJR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Shaw Communications Inc Class B from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. ValuEngine cut shares of Shaw Communications Inc Class B from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. BMO Capital Markets set a $28.00 target price on shares of Shaw Communications Inc Class B and gave the stock a “hold” rating in a research report on Monday, July 2nd. TheStreet cut shares of Shaw Communications Inc Class B from a “b-” rating to a “c” rating in a research report on Friday, May 18th. Finally, CIBC upgraded shares of Shaw Communications Inc Class B from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, June 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.20.

Shares of Shaw Communications Inc Class B stock traded down $0.14 during mid-day trading on Friday, reaching $19.02. 486,002 shares of the stock were exchanged, compared to its average volume of 605,543. The stock has a market capitalization of $9.38 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 3.75 and a beta of 0.97. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 0.74. Shaw Communications Inc Class B has a fifty-two week low of $18.50 and a fifty-two week high of $23.44.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Monday, October 15th will be given a $0.0743 dividend. This represents a $0.89 annualized dividend and a yield of 4.69%. The ex-dividend date is Friday, October 12th. Shaw Communications Inc Class B’s payout ratio is presently 108.33%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mawer Investment Management Ltd. increased its position in Shaw Communications Inc Class B by 4.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 10,048,276 shares of the company’s stock valued at $193,420,000 after acquiring an additional 425,693 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Shaw Communications Inc Class B by 1.5% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,581,825 shares of the company’s stock valued at $195,067,000 after acquiring an additional 145,035 shares in the last quarter. Bank of Montreal Can acquired a new stake in Shaw Communications Inc Class B in the 2nd quarter valued at about $145,221,000. Burgundy Asset Management Ltd. increased its position in Shaw Communications Inc Class B by 26.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 6,479,474 shares of the company’s stock valued at $131,775,000 after acquiring an additional 1,351,019 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in Shaw Communications Inc Class B by 77.8% in the 2nd quarter. Toronto Dominion Bank now owns 3,831,191 shares of the company’s stock valued at $78,315,000 after acquiring an additional 1,676,409 shares in the last quarter. Hedge funds and other institutional investors own 54.22% 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.

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

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