Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Shaw Communications (SJR) Share Price
News headlines about Shaw Communications (NYSE:SJR) (TSE:SJR.B) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Shaw Communications earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.8930692507865 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- Shaw Communications Inc (SJR), Insulet Corp (PODD) Shares Moving On Volume – Sparta Review (spartareview.com)
- Poised For a Move? Shaw Communications Inc (SJR) Technicals at a Glance – Sparta Review (spartareview.com)
- Head to Head Comparison: Neustar (NSR) versus Shaw Communications (SJR) (americanbankingnews.com)
- Can Shaw Communications Inc (SJR) Go The Extra Mile? – Financial News Review (finnewsreview.com)
- Jpmorgan Chase & Co Modifies Its Ownership in Shaw Communications Inc. (SJR) Last Quarter – Modern Readers (modernreaders.com)
Several analysts have issued reports on the company. National Bank Financial cut Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, June 28th. Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the company a “hold” rating in a report on Monday, May 1st. BidaskClub lowered Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.00.
Shaw Communications (SJR) opened at 21.91 on Wednesday. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 26.24 and a beta of 0.91. Shaw Communications has a 52 week low of $19.02 and a 52 week high of $23.31. The company has a 50-day moving average price of $21.96 and a 200-day moving average price of $21.43.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.19. Shaw Communications had a net margin of 12.51% and a return on equity of 11.76%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Shaw Communications’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Shaw Communications will post $1.04 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a $0.0744 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.89 annualized dividend and a yield of 4.08%. Shaw Communications’s dividend payout ratio is presently 113.75%.
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About Shaw Communications
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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