Shaw Communications Inc. (NYSE:SJR) announced a dividend on Thursday, June 30th. Shareholders of record on Friday, October 14th will be paid a dividend of 0.076 per share on Friday, October 28th. The ex-dividend date is Wednesday, October 12th.
Shares of Shaw Communications (NYSE:SJR) opened at 20.27 on Friday. The stock has a market cap of $9.80 billion, a P/E ratio of 9.66 and a beta of 0.78. Shaw Communications has a one year low of $15.66 and a one year high of $21.41. The firm’s 50-day moving average price is $20.13 and its 200 day moving average price is $19.43.
Shaw Communications (NYSE:SJR) last announced its earnings results on Friday, July 15th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.24. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Shaw Communications had a net margin of 26.04% and a return on equity of 12.21%. Shaw Communications’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. Equities research analysts expect that Shaw Communications will post $0.87 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its position in Shaw Communications by 18.2% in the second quarter. Parametric Portfolio Associates LLC now owns 62,627 shares of the company’s stock valued at $1,202,000 after buying an additional 9,641 shares during the period. KCG Holdings Inc. bought a new position in Shaw Communications during the second quarter valued at approximately $453,000. Mackenzie Financial Corp bought a new position in Shaw Communications during the second quarter valued at approximately $91,486,000. Counsel Portfolio Services Inc. bought a new position in Shaw Communications during the second quarter valued at approximately $2,408,000. Finally, State of Tennessee Treasury Department raised its position in Shaw Communications by 15.4% in the second quarter. State of Tennessee Treasury Department now owns 572,512 shares of the company’s stock valued at $10,935,000 after buying an additional 76,567 shares during the period. 51.86% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on SJR shares. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Monday, September 19th. Bank of America Corp. started coverage on Shaw Communications in a report on Tuesday, July 5th. They set an “underperform” rating on the stock. Scotiabank restated an “outperform” rating and set a $29.00 price objective (down previously from $30.00) on shares of Shaw Communications in a report on Tuesday, July 19th. TD Securities restated a “buy” rating and set a $28.00 price objective on shares of Shaw Communications in a report on Thursday, June 30th. Finally, Canaccord Genuity restated a “hold” rating and set a $24.00 price objective (down previously from $25.00) on shares of Shaw Communications in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.56.
About Shaw Communications
Shaw Communications Inc (Shaw) is a communication company. The Company’s operating segments are Consumer, Business Network Services, Business Infrastructure Services and Media. The Consumer division provides cable telecommunications services, including video, Internet, wireless fidelity (WiFi) and digital phone, and satellite video to Canadian consumers.
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