Shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.33.
SJR has been the subject of several analyst reports. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. TD Securities raised shares of Shaw Communications to a “buy” rating in a report on Friday, January 12th. Barclays lifted their price target on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Shaw Communications from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Canaccord Genuity set a $28.00 target price on shares of Shaw Communications and gave the stock a “hold” rating in a research note on Thursday, January 11th.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Waratah Capital Advisors Ltd. bought a new position in shares of Shaw Communications in the fourth quarter worth about $1,487,000. Bank of New York Mellon Corp raised its stake in shares of Shaw Communications by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 705,801 shares of the company’s stock worth $16,113,000 after acquiring an additional 26,482 shares during the last quarter. Cidel Asset Management Inc. raised its stake in shares of Shaw Communications by 1.3% in the fourth quarter. Cidel Asset Management Inc. now owns 252,814 shares of the company’s stock worth $5,770,000 after acquiring an additional 3,300 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of Shaw Communications by 17.1% in the fourth quarter. State of Wisconsin Investment Board now owns 366,037 shares of the company’s stock worth $8,381,000 after acquiring an additional 53,553 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Shaw Communications by 10.1% in the fourth quarter. First Trust Advisors LP now owns 952,715 shares of the company’s stock worth $21,750,000 after acquiring an additional 87,354 shares during the last quarter. 52.54% of the stock is owned by institutional investors.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings results on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. equities research analysts predict that Shaw Communications will post 0.95 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a $0.0795 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Thursday, April 12th. Shaw Communications’s dividend payout ratio is presently 98.92%.
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About Shaw Communications
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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