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 twelve months. 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 twelve-month price targets for Shaw Communications' shares. Their SJR share price forecasts range from $38.00 to $40.50. On average, they anticipate the company's stock price to reach $39.25 in the next twelve months. This suggests a possible upside of 44.3% 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 at the beginning of 2022. Since then, SJR stock has decreased by 10.3% and is now trading at $27.20.
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Shaw Communications saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,260,000 shares, a drop 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 currently 6.2 days. Currently, 0.8% of the company's stock are sold short.
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) announced its quarterly earnings results on Thursday, June, 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. The company earned $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Shaw Communications had a net margin of 15.50% and a trailing twelve-month return on equity of 13.83%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $0.70 earnings per share.

Shaw Communications announced a monthly dividend on Monday, August 1st. Investors of record on Thursday, December 15th will be given a dividend of $0.0767 per share on Thursday, December 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for SJR.

Shaw Communications (NYSE:SJR) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.44%. The dividend payout ratio is 68.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SJR will have a dividend payout ratio of 76.03% 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 many different retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (2.62%), JPMorgan Chase & Co. (1.70%), Bank of Nova Scotia (1.52%), TD Asset Management Inc. (1.41%), Connor Clark & Lunn Investment Management Ltd. (0.95%) and Cibc World Market Inc. (0.92%).

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 $27.20.

Shaw Communications (NYSE:SJR) has a market capitalization of $12.98 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.