Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Shaw Communications Inc    SJR.B   CA82028K2002

SHAW COMMUNICATIONS INC (SJR.B)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Shaw Communications : Telus misses profit estimates as it spends heavily to add subscribers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2017 | 07:13pm CEST
A Telus Corporation sign is pictured in Ottawa

(Reuters) - Canadian telecom company Telus Corp (>> TELUS Corporation) on Thursday reported a lower-than-expected quarterly profit as it spent heavily to expand its wireless and fiber-optic networks in a bid to add more subscribers in a fiercely competitive industry.

(Reuters) - Canadian telecom company Telus Corp (>> TELUS Corporation) on Thursday reported a lower-than-expected quarterly profit as it spent heavily to expand its wireless and fiber-optic networks in a bid to add more subscribers in a fiercely competitive industry.

Vancouver-based Telus faces increasing competition from Shaw Communications (>> Shaw Communications Inc), which has rolled out new internet and television services and is also building a low-cost wireless business.

Telus said on Thursday its capital expenditure for wireline unit rose 19 percent in the quarter, mainly as it boosted its fiber-optic network. Total operating expenses rose 3.6 percent.

Shaw also reported last month an increase in costs that squeezed its margins.

Telus said it added about 115,000 new wireless postpaid customers in the quarter. That compares with 99,000 additions estimated by RBC Capital Markets and 93,000 by Barclays.

The company's postpaid churn rate, or percentage of subscribers who discontinued services, also fell to 0.86 percent and was below the consensus estimate of a 0.9 percent drop, according to Barclays analyst Phillip Huang.

Average revenue per user (ARPU) for wireless services rose 3 percent in the quarter.

"Our capital investments have been instrumental in the success of our wireless and wireline growth strategy, which has now delivered 28 consecutive quarters of wireless ARPU growth and 20 successive quarters of wireline EBITDA growth," Chief Executive Darren Entwistle said.

Telus said it expected capital expenditure of about C$2.85 billion ($2.25 billion) for 2018, slightly below its estimated capital expenditure of about C$3 billion in the current year.

Excluding items, the company reported a profit of 66 Canadian cents per share, missing the average analyst estimate of 69 Canadian cents per share, according to Thomson Reuters I/B/E/S.

Net income attributable to shareholders rose to C$367 million, or 62 Canadian cents per share, in the three months ended Sept. 30 from C$348 million, or 59 Canadian cents per share, a year earlier.

Operating revenue rose 4 percent to C$3.37 billion.

Shares of the company were marginally up at C$47.32.

(Reporting by Taenaz Shakir; Editing by Anil D'Silva)

By Taenaz Shakir

Stocks treated in this article : Shaw Communications Inc, TELUS Corporation
Stocks mentioned in the article
ChangeLast1st jan.
TELUS CORPORATION 0.29% 45.22 Delayed Quote.-5.31%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SHAW COMMUNICATIONS INC
04/19Rogers tops profit estimates as wireless subscriber base grows
RE
04/16SHAW COMMUNICATIONS : Declares dividend payable on preferred shares
AQ
04/12SHAW COMMUNICATIONS (NYSE : SJR) reported earnings of ($0.33) per share missing ..
AQ
04/12SHAW : Fiscal 2Q Earnings Snapshot
AQ
04/12SHAW COMMUNICATIONS : reports second-quarter loss due to restructuring costs
AQ
04/12SHAW COMMUNICATIONS : stock up sharply as strong Q2 results offset restructuring..
AQ
04/12SHAW COMMUNICATIONS INC : Ex-dividend day for
FA
04/09SHAW COMMUNICATIONS INC : half-yearly earnings release
04/09SHAW COMMUNICATIONS : service interrupted between South Surrey and Abbotsford
AQ
04/05Canada's Corus beats profit estimates, shares rise
RE
More news
News from SeekingAlpha
04/23Is Shaw Communications A Good Long-Term Investment Choice? 
04/18We Love Our Cellphones - New Purchase 
04/13Shaw Communications Inc. 2018 Q2 - Results - Earnings Call Slides 
04/12Shaw Communications' (SJR) CEO Bradley Shaw on Q2 2018 Results - Earnings Cal.. 
04/12Shaw Communications +9% as wireless breakout drives Q2 beat 
Financials ( CAD)
Sales 2018 5 210 M
EBIT 2018 970 M
Net income 2018 466 M
Debt 2018 4 236 M
Yield 2018 4,43%
P/E ratio 2018 43,50
P/E ratio 2019 19,90
EV / Sales 2018 3,41x
EV / Sales 2019 3,30x
Capitalization 13 517 M
Chart SHAW COMMUNICATIONS INC
Duration : Period :
Shaw Communications Inc Technical Analysis Chart | SJR.B | CA82028K2002 | 4-Traders
Technical analysis trends SHAW COMMUNICATIONS INC
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 29,4  CAD
Spread / Average Target 9,1%
EPS Revisions
Managers
NameTitle
Bradley S. Shaw Chief Executive Officer & Non-Independent Director
Jay Mehr President
James Robert Shaw Executive Chairman
Ron McKenzie Chief Operating Officer & Senior Vice President
Vito Culmone Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
SHAW COMMUNICATIONS INC-7.22%10 524
VERIZON COMMUNICATIONS-8.07%195 407
NIPPON TELEGRAPH AND TELEPHONE CORP-4.06%100 658
DEUTSCHE TELEKOM-3.92%82 165
TELEFONICA1.53%52 623
ORANGE1.97%48 239