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Shaw Communications Inc. (NYSE:SJR – Get Rating) (TSE:SJR.B) – Equity research analysts at Cormark said in a research note issued Wednesday, Jan. 18, that Shaw Communications’ 2024 per share Lowered earnings (EPS) estimates. Cormark analyst D. Mcfadgen expects the company’s annual earnings to be $1.13 per share, down from his previous estimate of $1.14. Shaw Communications’ current consensus estimate for annual earnings is $1.11 per share.
Shaw Communications (NYSE:SJR – Get Rating) (TSE:SJR.B) last reported quarterly results on Tuesday, November 29. The company reported his earnings per share (EPS) of $0.26 for the quarter. This misses the analyst consensus forecast of his $0.27 ($0.01). Shaw Communications’ return on equity was 11.70% and net profit margin was 13.57%. The company posted revenue of $1.05 billion for the quarter, compared with analysts’ forecast of $1.01 billion.
Other analysts have also published reports on the company. Scotiabank downgraded Shaw Communications from ‘outperform’ to ‘sector perform’ in its research notes on Friday, January 13. National Bank Financial cut Shaw Communications’ rating from ‘outperform’ to ‘sector perform’ in a report on Wednesday, January 4. Desjardins downgraded Shaw Communications’ rating from ‘buy’ to ‘hold’ in a report on Friday, January 13. The Royal Bank of Canada downgraded Shaw Communications’ stock from an ‘outperform’ rating to a ‘sector perform’ rating in a research report on Tuesday, January 3. Finally, StockNews.com lowered Shaw Communications’ rating from ‘hold’ to ‘sell’ in his Friday, January 13 research notes. One investment analyst rated the stock as sell, four as hold, and two as buy. According to MarketBeat, the current consensus rating for the stock is Hold, with an average target price of $40.50.
Shaw Communications stock performance
Shares of SJR opened at $28.51 on Friday. The company has a market capitalization of $13.61 billion, a PE ratio of 25.01 and a beta of 0.52. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt to equity ratio of 0.63. His 12-month low on Shaw Communications is $23.64 and his 12-month high is $31.60. The company has a 50-day simple moving average of $27.46 and a 200-day simple moving average of $26.59.
institution inflow and outflow
Several hedge funds have recently changed their positions in SJR. SeaCrest Wealth Management LLC purchased Shaw Communications’ new position in the second quarter for $44,000. Eagle Bay Advisors LLC purchased additional shares of Shaw Communications worth approximately $44,000 in the second quarter. Power Corp of Canada acquired a stake in Shaw Communications for his $54,000 in the first quarter. Grayhawk Investment Strategies Inc. purchased a new position in Shaw Communications for $66,000 in the second quarter. Finally, Gulf International Bank UK Ltd increased its Shaw Communications stake by 13.0% in the second quarter. Gulf International Bank UK Ltd now owns 3,924 of his shares worth $101,000 after purchasing an additional 450 shares during the previous quarter. Institutional investors and hedge funds own 55.44% of the company’s shares.
Shaw Communications Cuts Dividend
The company also recently announced a monthly dividend payable on Monday, January 30th. Shareholders of record on Friday, January 13 will be paid a dividend of $0.074 per share. This represents his $0.89 dividend and his 3.11% yield on an annualized basis. The ex-dividend date is Thursday, January 12. Shaw Communications’ payout percentage is currently 76.32%.
About Shaw Communications
(get rating)
Shaw Communications Inc operates as a connectivity company in North America. The Company’s Wireline segment provides cable communications services such as video, Internet, WiFi, telephone, satellite video and data networking through a nationwide fiber optic backbone network to Canadian consumers, North American businesses and public sector entities. I’m here.
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