Starting today, millions of Western Canadians now have access to gigabit speeds in their homes with the launch of Fibre+ Gig, a new internet product from Shaw Communications Inc. that offers residential customers gigabit download speeds along with the abundance of bandwidth needed to simultaneously enable the many data-intensive applications that they’ve come to depend on. “Customers today trust in and rely on their home technology like never before, which is why we have continued investing in growing our Fibre+ network and services — more than $20 billion over the past seven years — to bring Western Canadians the blazing fast speeds and bandwidth they need to power their connected lives,” said Paul McAleese, President, Shaw Communications.

Canadian telecom company Shaw Communications (SJR) has announced solid fiscal second quarter results in line with expectations. While F2020 guidance was withdrawn, management did note that it anticipates adjusted EBITDA growth to remain positive in F2020.Following the news, RBC Capital analyst Drew McReynolds reiterated his SJR buy rating and C$24 price target on April 9“In the current environment, we believe Shaw is well positioned to be a “safe haven” for investors” the analyst told investors, basing his bullish remark on the company’s “attractive dividend yield, reasonable exposure to strong demand for Internet services, and a multi-year growth runway for wireless given under-indexed market share and a market position within the more price-sensitive, lower end of the telecom market that could benefit during a recession.”Specifically, consolidated revenue increased by 3.7% to C$1.36 billion and adjusted EBITDA increased 9.5% year-over-year to C$600 million (2% growth after removing an impact from IFRS 16), while wireless service revenue and ARPU increased 19.6% and 3.1%, respectively, year-over-year.That’s as Freedom Mobile continues to grow its customer base, including an additional 54,000 postpaid subscribers in the quarter. Average billings per user increased 6.8%, while average revenue per user rose 3.1%.“Our second quarter performance reflects our continued focus on execution, delivering stable Wireline results and sustained Wireless growth, supported by underlying networks that continue to prove their worth,” said CEO Brad Shaw.Indeed all 7 analysts covering SJR rate the stock a buy, with a $20 average analyst price target. Most notably, National Bank’s Adam Shine upgraded SJR from hold to buy on March 25. (See SJR’s stock analysis on TipRanks)Related News: Tesla Scored Record China Sales In March, Says Industry Association Disney+ Hits New Milestone With 50 Million Paid Subscribers Chesapeake Energy Sets Date For Reverse Stock Split, Stock Down 80% YTD More recent articles from Smarter Analyst: * Philip Morris Releases Strong Q1 Results; Warns That Worse Is To Come * 2U Inc Down 8% On New Capital Raise; Pulls Financial Guidance * Apple Announces Major Expansion For Booming Services Segment * Beyond Meat To Bring Plant-Based Beef To China

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Shaw Communications Inc. (“Shaw” or the “Corporation”) announced today the terms of an offering of C$500 million principal amount of 2.90% senior notes due December 9, 2030 (the “Notes”). The net proceeds of this offering will be used for working capital and general corporate purposes, which may include the repayment of outstanding indebtedness of the Corporation. Pending any such use of net proceeds, the Corporation may invest the net proceeds in bank deposits and short-term marketable securities.

Shaw Communications' (SJR) second-quarter fiscal 2020 earnings benefit from strong wireless growth despite customer loss in the wireline segment.

Chuy’s Holdings, Inc. (NASDAQ:CHUY) today announced financial results for the first quarter ended March 29, 2020 and a business update.

Shaw (SJR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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CALGARY, Alberta, April 22, 2020 -- Shaw Communications Inc. (“Shaw” or the “Corporation”) announced today that it has closed its offering of C$500 million principal amount of.

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Shaw Communications Inc. today announced that the extraordinary and unpredictable conditions created by the COVID-19 pandemic have resulted in the difficult decision to temporarily lay off approximately 10 per cent of its workforce, largely working in retail and sales roles across the company. “We continue to see increased usage of our network and our customers continue to enjoy strong connectivity through our wireless and broadband services,” Mr. McAleese said.

"We look forward to welcoming them back when business conditions improve," President Paul McAleese said. Shaw had about 10,000 employees, according to its 2019 annual report http://shaw.ca/uploadedFiles/Corporate/Investors/Financial_Reports/2019-annual-report.pdf .

CALGARY, Alberta, April 09, 2020 -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared dividends for the three-month period ended June.

Their dividend yields outperform the S&P; 500 Continue reading...

Consolidated revenue increased 3.7% and adjusted EBITDA improved 9.5% year-over-year, in line with expectations and including the impact of IFRS 16 in fiscal 2020 Wireless.

Shaw (SJR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shaw (SJR) delivered earnings and revenue surprises of 0.00% and 6.42%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?

Restaurant stocks have been whipsawed by poor earnings, Covid-19 warnings from health experts, and hopes about reopenings and vaccine progress. Analyst Brian Vaccaro notes that restaurants’ ability to raise capital in recent weeks has bolstered balance sheets, in many cases pushing off any concerns about liquidity to a year or more. “While risks obviously remain, for investors seeking tactical long ideas in an environment of improving weekly sales data as more states reopen (and capacity limits are raised),” there are still restaurant stocks worth buying, he writes.

NEW YORK, NY / ACCESSWIRE / April 9, 2020 / Shaw Communications, Inc. (NYSE:SJR) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on April 9, 2020 at 5:30 ...

CALGARY, Alberta, April 09, 2020 -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared monthly dividends of $0.09875 on the Class B.