Shaw Communications Inc. (SJR) Forecasted to Earn FY2017 Earnings of $1.02 Per Share

Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) – Equities researchers at National Bank Financial upped their FY2017 earnings estimates for shares of Shaw Communications in a report issued on Monday. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $1.02 for the year, up from their previous estimate of $0.93. National Bank Financial has a “Sector Perform Market Weight” rating on the stock. National Bank Financial also issued estimates for Shaw Communications’ Q4 2017 earnings at $0.22 EPS, FY2018 earnings at $1.02 EPS and FY2019 earnings at $1.12 EPS.

A number of other equities research analysts have also weighed in on SJR. Zacks Investment Research lowered Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub lowered Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Shaw Communications presently has an average rating of “Hold” and a consensus target price of $27.14.

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Shares of Shaw Communications (NYSE SJR) traded down 0.64% during mid-day trading on Wednesday, hitting $21.84. The stock had a trading volume of 57,547 shares. The firm has a 50 day moving average price of $22.69 and a 200 day moving average price of $21.92. The firm has a market cap of $10.78 billion, a PE ratio of 25.34 and a beta of 0.91. Shaw Communications has a 52-week low of $19.02 and a 52-week high of $23.31.

A number of institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its position in Shaw Communications by 18.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 24,934 shares of the company’s stock worth $574,000 after purchasing an additional 3,959 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Shaw Communications during the 2nd quarter worth $1,682,000. Susquehanna International Group LLP boosted its position in Shaw Communications by 116.1% during the 2nd quarter. Susquehanna International Group LLP now owns 60,300 shares of the company’s stock worth $1,314,000 after purchasing an additional 32,400 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Shaw Communications by 93.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock worth $97,336,000 after purchasing an additional 2,157,463 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Shaw Communications during the 2nd quarter worth $326,000. 51.77% of the stock is owned by hedge funds and other institutional investors.

Shaw Communications Company Profile

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

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

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