$1.03 Billion in Sales Expected for Shaw Communications Inc (SJR) This Quarter

Analysts expect Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) to report sales of $1.03 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Shaw Communications’ earnings, with estimates ranging from $1.02 billion to $1.03 billion. Shaw Communications reported sales of $1.08 billion in the same quarter last year, which indicates a negative year over year growth rate of 4.6%. The company is expected to report its next earnings report before the market opens on Tuesday, April 9th.

According to Zacks, analysts expect that Shaw Communications will report full-year sales of $4.13 billion for the current year, with estimates ranging from $4.06 billion to $4.21 billion. For the next financial year, analysts expect that the firm will report sales of $4.27 billion, with estimates ranging from $4.13 billion to $4.44 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Shaw Communications.

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

A number of research analysts have recently issued reports on SJR shares. Desjardins raised Shaw Communications from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. ValuEngine raised Shaw Communications from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Finally, Zacks Investment Research raised Shaw Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Monday, December 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.33.

Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in Shaw Communications by 259.6% during the fourth quarter. Quadrant Capital Group LLC now owns 5,628 shares of the company’s stock worth $97,000 after acquiring an additional 4,063 shares during the period. Financial Gravity Companies Inc. acquired a new position in Shaw Communications during the fourth quarter worth $122,000. Riverhead Capital Management LLC grew its holdings in Shaw Communications by 69.9% during the third quarter. Riverhead Capital Management LLC now owns 7,983 shares of the company’s stock worth $154,000 after acquiring an additional 3,283 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in Shaw Communications during the fourth quarter worth $193,000. Finally, Verition Fund Management LLC acquired a new position in Shaw Communications during the third quarter worth $233,000. 51.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SJR traded up $0.09 during trading on Monday, reaching $20.84. The company had a trading volume of 329,854 shares, compared to its average volume of 343,652. The firm has a market cap of $10.57 billion, a P/E ratio of 17.66, a PEG ratio of 4.02 and a beta of 0.88. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.67. Shaw Communications has a fifty-two week low of $17.50 and a fifty-two week high of $21.50.

The business also recently announced a monthly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be issued a $0.0748 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Friday, April 12th. Shaw Communications’s payout ratio is currently 76.27%.

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.

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

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