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Shaw Communications - SJR Stock Forecast, Price & News

$27.12
+0.04 (+0.15%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.05
$27.21
50-Day Range
$25.84
$29.82
52-Week Range
$25.63
$31.60
Volume
174,029 shs
Average Volume
410,691 shs
Market Capitalization
$12.94 billion
P/E Ratio
20.24
Dividend Yield
3.43%
Price Target
$39.25

Shaw Communications MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
44.7% Upside
$39.25 Price Target
Short Interest
Healthy
0.75% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.86mentions of Shaw Communications in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.82%
From $1.22 to $1.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Consumer Discretionary Sector

126th out of 288 stocks

Cable & Other Pay Television Services Industry

10th out of 20 stocks

SJR stock logo

About Shaw Communications (NYSE:SJR) Stock

Shaw Communications Inc. operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The company's Wireline segment provides cable telecommunications services, including video, Internet, WiFi, phone, satellite video, and data networking through a national fibre-optic backbone network to Canadian consumers, North American businesses, and public-sector entities. Its Wireless segment provides wireless services for voice and data communications serving customers in Ontario, British Columbia, and Alberta through Freedom Mobile; and in British Columbia and Alberta through Shaw Mobile. The company was formerly known as Shaw Cablesystems Ltd. and changed its name to Shaw Communications Inc. in May 1993. Shaw Communications Inc. was incorporated in 1966 and is headquartered in Calgary, Canada.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Scotiabank reaffirmed a "sector perform" rating and set a $38.00 price objective on shares of Shaw Communications in a report on Tuesday, June 28th. National Bank Financial raised Shaw Communications from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, May 18th. StockNews.com raised Shaw Communications from a "sell" rating to a "hold" rating in a research note on Friday, April 22nd. Canaccord Genuity Group raised Shaw Communications from a "hold" rating to a "buy" rating in a research note on Tuesday, June 21st. Finally, Canaccord Genuity Group raised Shaw Communications from a "hold" rating to a "buy" rating in a research note on Tuesday, June 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.67.

Shaw Communications Trading Down 1.6 %

Shares of SJR traded down $0.44 during trading hours on Wednesday, reaching $27.08. The stock had a trading volume of 172,335 shares, compared to its average volume of 412,199. The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. Shaw Communications has a 52 week low of $25.63 and a 52 week high of $31.60. The firm has a 50-day moving average of $27.50 and a 200 day moving average of $28.87. The company has a market cap of $12.92 billion, a P/E ratio of 20.21 and a beta of 0.52.

Shaw Communications (NYSE:SJR - Get Rating) (TSE:SJR.B) last released its quarterly earnings data on Thursday, June 30th. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. Shaw Communications had a net margin of 15.50% and a return on equity of 13.83%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The firm's quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that Shaw Communications will post 1.22 earnings per share for the current fiscal year.

Shaw Communications Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.0767 per share. The ex-dividend date is Wednesday, December 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.40%. Shaw Communications's dividend payout ratio is 69.40%.

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SJR Stock News Headlines

Company News for Jul 5, 2022
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SJR Company Calendar

Last Earnings
6/30/2022
Ex-Dividend for 8/30 Dividend
8/12/2022
Today
8/18/2022
Dividend Payable
8/30/2022
Fiscal Year End
8/31/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/04/2022

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Fax
N/A
Employees
9,400
Year Founded
1966

Price Target and Rating

Average Stock Price Forecast
$39.25
High Stock Price Forecast
$40.50
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+44.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$777.66 million
Pretax Margin
18.64%

Debt

Sales & Book Value

Annual Sales
$4.34 billion
Cash Flow
$3.46 per share
Book Value
$9.55 per share

Miscellaneous

Free Float
472,287,000
Market Cap
$12.94 billion
Optionable
Optionable
Beta
0.52

Social Links


Key Executives

  • Mr. Bradley S. Shaw (Age 58)
    Exec. Chairman & CEO
    Comp: $6.63M
  • Mr. Paul McAleese
    Pres
  • Mr. Trevor English BComm (Age 48)
    CFA, Exec. VP and Chief Financial & Corp. Devel. Officer
    Comp: $1.89M
  • Mr. Zoran Stakic
    COO & CTO
  • Mr. Peter A. Johnson
    Exec. VP, Chief Legal & Regulatory Officer and Corp. Sec.
  • Mr. Dan Markou
    Exec. VP and Chief People & Culture Officer
  • Ms. Katherine Emberly
    Pres of Bus.
  • Mr. Paul Deverell (Age 48)
    Pres of Consumer
  • Ms. Nancy Patricia Phillips
    CEO & Pres of ViaWest
  • Mr. Chethan Lakshman
    VP of External Affairs













SJR Stock - Frequently Asked Questions

Should I buy or sell Shaw Communications stock right now?

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.

What is Shaw Communications' stock price forecast for 2022?

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.

How have SJR shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Shaw Communications?

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
.

When is Shaw Communications' next earnings date?

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

How were Shaw Communications' earnings last quarter?

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.

How often does Shaw Communications pay dividends? What is the dividend yield for Shaw Communications?

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
.

Is Shaw Communications a good dividend stock?

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.

What is Bradley S. Shaw's approval rating as Shaw Communications' CEO?

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.

What other stocks do shareholders of Shaw Communications own?

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).

What is Shaw Communications' stock symbol?

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

Who are Shaw Communications' major shareholders?

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%).

How do I buy shares of Shaw Communications?

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.
Compare Top Brokerages Here.

What is Shaw Communications' stock price today?

One share of SJR stock can currently be purchased for approximately $27.08.

How much money does Shaw Communications make?

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.

How many employees does Shaw Communications have?

The company employs 9,400 workers across the globe.

Does Shaw Communications have any subsidiaries?
The following companies are subsidiares of Shaw Communications: Freedom Mobile Inc., Shaw Cablesystems G.P., Shaw Cablesystems Limited, Shaw Envision Inc., Shaw Satellite G.P., Shaw Satellite Services Inc., Shaw Telecom G.P., Shaw Telecom Inc., Star Choice Television Network Incorporated, ViaWest, WIND Mobile, and Whistler Cable Television.
Read More
When was Shaw Communications founded?

Shaw Communications was founded in 1966.

How can I contact Shaw Communications?

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.

This page (NYSE:SJR) was last updated on 8/18/2022 by MarketBeat.com Staff

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