Shaw Communications profit jumps on higher wireless subscriptions

Joanna Estrada
January 17, 2019

A number of other research analysts have also issued reports on SJR. Bank of Montreal Can boosted its holdings in shares of Shaw Communications by 43.8% in the third quarter. The company's stock declined 2.83% with the market as Highstreet Asset Management Inc bought 171,544 shares. Shaw Communications has a 52-week low of C$24.31 and a 52-week high of C$30.44. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Shaw Communications had a return on equity of 12.90% and a net margin of 1.04%. Swiss National Bank lifted its stake in Shaw Communications by 5.8% in the second quarter. Janus Henderson Group PLC now owns 375,919 shares of the company's stock worth $7,321,000 after purchasing an additional 4,651 shares during the period. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Stockholders of record on Tuesday, January 15th will be paid a $0.0754 dividend. There is no entitlement to any dividend prior to such date. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.59%. Shaw Communications's dividend payout ratio is presently 75.42%.

There's a significant Shaw Communications Inc. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and worldwide trademark & copyright law.

"In addition, never seen before promotions in Canada, such as the Big Binge Bonus that was recently introduced, provides a strong value proposition to Canadians who increasingly want and use more wireless data", said Brad Shaw, chief executive officer, in a news release. "We remain focused on the execution of our wireline and wireless operating priorities while transforming into an agile, lean and digital-first organization that meets the needs of its customers now and into the future".

Telecom service providers in Canada, including Shaw Communications, have started investing heavily in the next generation 5G network, to attract data-hungry customers: Shaw successfully completed its first 5G technical trials in Calgary in May 2018.

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