Shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) have been assigned an average rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $27.00.
Several research firms have recently issued reports on SJR. National Bank Financial lowered shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. BidaskClub lowered shares of Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, June 15th.
Shaw Communications (SJR) traded down 0.22% during midday trading on Tuesday, reaching $22.73. The company’s stock had a trading volume of 263,412 shares. The stock’s 50 day moving average price is $22.12 and its 200-day moving average price is $21.52. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 27.52 and a beta of 0.90. Shaw Communications has a one year low of $19.02 and a one year high of $23.31.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its earnings results on Wednesday, June 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.19. Shaw Communications had a net margin of 10.01% and a return on equity of 9.31%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts forecast that Shaw Communications will post $1.09 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a dividend of $0.0744 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.89 annualized dividend and a dividend yield of 3.93%. Shaw Communications’s dividend payout ratio (DPR) is presently 118.75%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp acquired a new position in shares of Shaw Communications during the 2nd quarter worth about $2,283,000. Mawer Investment Management Ltd. raised its position in shares of Shaw Communications by 1.4% during the 2nd quarter. Mawer Investment Management Ltd. now owns 9,508,434 shares of the company’s stock worth $207,499,000 after purchasing an additional 133,961 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of Shaw Communications by 1.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 309,225 shares of the company’s stock worth $6,736,000 after purchasing an additional 4,412 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new position in shares of Shaw Communications during the 2nd quarter worth about $1,481,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Shaw Communications during the 2nd quarter worth about $457,000. Hedge funds and other institutional investors own 51.86% of the company’s stock.
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.
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