Shaw Communications - SJR Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shaw Communications in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SJR shares.
View SJR analyst ratings or view top-rated stocks.

5 brokerages have issued 1 year price objectives for Shaw Communications' stock. Their SJR share price forecasts range from $38.00 to $40.50. On average, they expect the company's stock price to reach $39.25 in the next year. This suggests a possible upside of 44.9% from the stock's current price.
View analysts price targets for SJR or view top-rated stocks among Wall Street analysts.

Shaw Communications' stock was trading at $30.34 on January 1st, 2022. Since then, SJR stock has decreased by 10.7% and is now trading at $27.08.
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Shaw Communications saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,260,000 shares, a decline of 51.3% from the July 15th total of 6,690,000 shares. Based on an average daily trading volume, of 525,200 shares, the days-to-cover ratio is presently 6.2 days. Approximately 0.8% of the company's shares are short sold.
View Shaw Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our SJR earnings forecast.

Shaw Communications Inc. (NYSE:SJR) released its quarterly earnings results on Thursday, June, 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The firm earned $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. Shaw Communications had a net margin of 15.50% and a trailing twelve-month return on equity of 13.83%. Shaw Communications's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share.

Shaw Communications announced a monthly dividend on Monday, August 1st. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.0767 per share on Thursday, December 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for SJR.

Shaw Communications (NYSE:SJR) pays an annual dividend of $0.93 per share and currently has a dividend yield of 3.37%. The dividend payout ratio is 69.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SJR will have a dividend payout ratio of 76.86% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SJR.

590 employees have rated Shaw Communications Chief Executive Officer Bradley S. Shaw on Glassdoor.com. Bradley S. Shaw has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shaw Communications investors own include AT&T (T), Realty Income (O), Verizon Communications (VZ), Pfizer (PFE), Wells Fargo & Company (WFC), AbbVie (ABBV), Intel (INTC), Johnson & Johnson (JNJ), STAG Industrial (STAG) and Enterprise Products Partners (EPD).

Shaw Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "SJR."

Shaw Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (2.62%), JPMorgan Chase & Co. (1.70%), Bank of Nova Scotia (1.52%), Toronto Dominion Bank (1.52%), TD Asset Management Inc. (1.41%) and Canyon Capital Advisors LLC (1.16%).

Shares of SJR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SJR stock can currently be purchased for approximately $27.08.

Shaw Communications (NYSE:SJR) has a market capitalization of $12.92 billion and generates $4.34 billion in revenue each year. The company earns $777.66 million in net income (profit) each year or $1.34 on an earnings per share basis.

The company employs 9,400 workers across the globe.

Shaw Communications was founded in 1966.

Shaw Communications' mailing address is 630 - 3rd Avenue S.W Suite 900, Calgary A0, T2P 4L4. The official website for the company is www.shaw.ca. The company can be reached via phone at (403) 750-4500.