Shares of Shaw Communications (NYSE:SJR) (TSE:SJR.B) have received a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.00.
A number of equities analysts have recently commented on the company. Canaccord Genuity set a $28.00 price target on Shaw Communications and gave the stock a “hold” rating in a report on Tuesday, April 10th. Barclays raised Shaw Communications from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 12th. Scotiabank raised Shaw Communications from a “sector perform” rating to an “outperform” rating in a report on Friday, April 13th. Zacks Investment Research cut Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, TD Securities raised Shaw Communications to a “buy” rating in a report on Friday, January 12th.
Institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. increased its holdings in Shaw Communications by 49.8% in the 4th quarter. Eqis Capital Management Inc. now owns 37,354 shares of the company’s stock worth $853,000 after purchasing an additional 12,420 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Shaw Communications in the 4th quarter worth about $467,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Shaw Communications by 14.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,331,842 shares of the company’s stock worth $213,680,000 after purchasing an additional 1,166,633 shares in the last quarter. Jefferies Group LLC acquired a new position in Shaw Communications in the 4th quarter worth about $573,000. Finally, Two Sigma Investments LP increased its holdings in Shaw Communications by 27.2% in the 4th quarter. Two Sigma Investments LP now owns 590,300 shares of the company’s stock worth $13,505,000 after purchasing an additional 126,277 shares in the last quarter. 53.13% of the stock is owned by institutional investors.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Thursday, April 12th. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.17. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Shaw Communications had a return on equity of 11.49% and a net margin of 10.97%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. equities analysts expect that Shaw Communications will post 0.95 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Wednesday, August 15th will be issued a dividend of $0.0773 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 4.45%. Shaw Communications’s dividend payout ratio (DPR) is currently 113.10%.
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About Shaw Communications
Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.
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