Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) has earned a consensus recommendation of “Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $37.33.
Separately, Royal Bank of Canada upgraded shares of Shaw Communications from a “sector perform” rating to an “outperform” rating in a report on Monday, November 8th.
Large investors have recently modified their holdings of the stock. Morgan Stanley raised its holdings in shares of Shaw Communications by 51.2% during the second quarter. Morgan Stanley now owns 7,553,999 shares of the company’s stock worth $218,461,000 after acquiring an additional 2,558,385 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Shaw Communications by 272.4% during the second quarter. Allianz Asset Management GmbH now owns 60,363 shares of the company’s stock worth $1,751,000 after acquiring an additional 44,154 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of Shaw Communications by 159.5% during the second quarter. Advisor Group Holdings Inc. now owns 4,061 shares of the company’s stock worth $117,000 after acquiring an additional 2,496 shares during the period. Signaturefd LLC raised its holdings in shares of Shaw Communications by 10.1% during the third quarter. Signaturefd LLC now owns 13,397 shares of the company’s stock worth $389,000 after acquiring an additional 1,229 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Shaw Communications by 70.7% during the second quarter. Marshall Wace LLP now owns 373,729 shares of the company’s stock worth $10,838,000 after acquiring an additional 154,801 shares during the period. Institutional investors and hedge funds own 55.70% of the company’s stock.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its earnings results on Wednesday, January 12th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Shaw Communications had a net margin of 18.48% and a return on equity of 17.12%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. Sell-side analysts expect that Shaw Communications will post 1.28 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Thursday, April 28th. Shareholders of record on Thursday, April 14th will be issued a $0.0789 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $0.95 annualized dividend and a yield of 3.14%. Shaw Communications’s dividend payout ratio (DPR) is presently 57.76%.
About Shaw Communications
Shaw Communications, Inc engages in the provision of cable telecommunications and satellite video services. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.
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