Shaw Communications (NYSE:SJR) Announces Earnings Results, Misses Expectations By $0.01 EPS

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

SJR stock traded up $0.01 during mid-day trading on Thursday, hitting $17.70. 4,597 shares of the company were exchanged, compared to its average volume of 1,179,772. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $8.68 billion, a P/E ratio of 18.43, a PEG ratio of 4.79 and a beta of 0.62. The business has a fifty day simple moving average of $17.78 and a 200-day simple moving average of $17.88. Shaw Communications has a 12-month low of $12.20 and a 12-month high of $20.43.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 25th. Shareholders of record on Monday, February 15th will be paid a dividend of $0.0741 per share. This represents a $0.89 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, February 11th. Shaw Communications’s dividend payout ratio (DPR) is presently 84.26%.

Several research firms recently issued reports on SJR. TD Securities upped their target price on Shaw Communications from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Scotiabank cut their price objective on Shaw Communications from $29.50 to $28.50 and set an “outperform” rating for the company in a report on Thursday, December 10th. Barclays started coverage on shares of Shaw Communications in a report on Friday, October 2nd. They set an “equal weight” rating and a $21.00 target price on the stock. Morgan Stanley began coverage on shares of Shaw Communications in a research note on Friday, October 23rd. They issued an “equal weight” rating for the company. Finally, Canaccord Genuity raised their target price on shares of Shaw Communications from $27.00 to $28.50 and gave the company a “buy” rating in a research note on Monday, November 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $25.88.

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.

Recommended Story: What are the benefits of a balanced fund?