Shaw Communications Inc. (SJR) To Go Ex-Dividend on October 12th
Shaw Communications Inc. (NYSE:SJR) declared 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.
Shaw Communications (NYSE:SJR) opened at 20.27 on Tuesday. The firm has a 50-day moving average price of $20.11 and a 200-day moving average price of $19.44. Shaw Communications has a 12 month low of $15.66 and a 12 month high of $21.41. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 9.62 and a beta of 0.78.
Shaw Communications (NYSE:SJR) last released its quarterly earnings results on Friday, July 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 earned $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts anticipate that Shaw Communications will post $0.87 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of SJR. Mawer Investment Management Ltd. boosted its stake in Shaw Communications by 9.6% in the second quarter. Mawer Investment Management Ltd. now owns 6,542,722 shares of the company’s stock worth $162,260,000 after buying an additional 573,595 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Shaw Communications during the second quarter valued at $91,486,000. Guardian Capital LP boosted its stake in shares of Shaw Communications by 52.6% in the second quarter. Guardian Capital LP now owns 3,034,761 shares of the company’s stock valued at $57,854,000 after buying an additional 1,046,173 shares in the last quarter. FMR LLC boosted its stake in shares of Shaw Communications by 60.7% in the second quarter. FMR LLC now owns 737,851 shares of the company’s stock valued at $14,163,000 after buying an additional 278,703 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Shaw Communications by 4.3% in the second quarter. Raymond James & Associates now owns 652,631 shares of the company’s stock valued at $12,497,000 after buying an additional 26,902 shares in the last quarter. 51.85% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on SJR. National Bank Financial upgraded shares of Shaw Communications from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $24.50 to $27.00 in a research report on Monday, July 11th. BMO Capital Markets reiterated a “hold” rating on shares of Shaw Communications in a research report on Monday, July 18th. RBC Capital Markets reiterated a “sector perform” rating and issued a $25.00 price target on shares of Shaw Communications in a research report on Tuesday, July 19th. Zacks Investment Research upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $24.00 price target (down from $25.00) on shares of Shaw Communications in a research report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target 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.
Receive News & Ratings for Shaw Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.