Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Shaw Communications (SJR) Share Price
Headlines about Shaw Communications (NYSE:SJR) (TSE:SJR.B) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shaw Communications earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.4334980202799 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
SJR has been the topic of a number of recent research reports. National Bank Financial lowered shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th. BidaskClub lowered shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Shaw Communications currently has an average rating of “Hold” and a consensus price target of $27.00.
Shares of Shaw Communications (SJR) traded up 0.99% on Friday, hitting $22.53. 271,659 shares of the stock traded hands. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 27.28 and a beta of 0.91. The company’s 50 day moving average is $22.03 and its 200 day moving average is $21.48. Shaw Communications has a one year low of $19.02 and a one year high of $23.31.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its earnings results on Wednesday, June 28th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.19. Shaw Communications had a return on equity of 9.31% and a net margin of 10.01%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Shaw Communications will post $1.06 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.0744 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.89 annualized dividend and a yield of 3.96%. Shaw Communications’s dividend payout ratio (DPR) is presently 118.75%.
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Shaw Communications Company Profile
Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.
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