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 of this dividend is Wednesday, October 12th.
Shares of Shaw Communications (NYSE:SJR) opened at 20.27 on Friday. The firm’s 50-day moving average is $20.13 and its 200-day moving average is $19.43. Shaw Communications has a 52 week low of $15.66 and a 52 week high of $21.41. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 9.66 and a beta of 0.78.
Shaw Communications (NYSE:SJR) last released its quarterly earnings data on Friday, July 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.24. Shaw Communications had a net margin of 26.04% and a return on equity of 12.21%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. Shaw Communications’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts forecast that Shaw Communications will post $0.87 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of SJR. US Bancorp DE boosted its position in shares of Shaw Communications by 63.4% in the second quarter. US Bancorp DE now owns 7,867 shares of the company’s stock valued at $151,000 after buying an additional 3,053 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Shaw Communications during the second quarter valued at about $216,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Shaw Communications during the second quarter valued at about $266,000. KCG Holdings Inc. acquired a new position in shares of Shaw Communications during the second quarter valued at about $453,000. Finally, Trexquant Investment LP boosted its position in shares of Shaw Communications by 39.1% in the second quarter. Trexquant Investment LP now owns 30,133 shares of the company’s stock valued at $579,000 after buying an additional 8,476 shares during the period. 51.86% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the stock. TD Securities restated a “buy” rating and issued a $28.00 target price on shares of Shaw Communications in a research note on Thursday, June 30th. Zacks Investment Research downgraded shares of Shaw Communications from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 20th. BMO Capital Markets restated a “hold” rating on shares of Shaw Communications in a research note on Monday, July 18th. Canaccord Genuity restated a “hold” rating and issued a $24.00 target price (down from $25.00) on shares of Shaw Communications in a research note on Friday, July 15th. Finally, National Bank Financial upgraded shares of Shaw Communications from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $24.50 to $27.00 in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.56.
Shaw Communications Company Profile
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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