Equities analysts expect that Shenandoah Telecommunications Co (NASDAQ:SHEN) will report sales of $153.60 million for the current quarter, according to Zacks. Two analysts have issued estimates for Shenandoah Telecommunications’ earnings, with the highest sales estimate coming in at $153.86 million and the lowest estimate coming in at $153.33 million. Shenandoah Telecommunications posted sales of $156.84 million in the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The company is scheduled to report its next earnings results on Monday, November 6th.

On average, analysts expect that Shenandoah Telecommunications will report full-year sales of $153.60 million for the current financial year, with estimates ranging from $614.68 million to $615.96 million. For the next year, analysts anticipate that the firm will report sales of $643.07 million per share, with estimates ranging from $630.57 million to $655.58 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Shenandoah Telecommunications had a positive return on equity of 5.43% and a negative net margin of 0.89%. The business had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $153.83 million. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year.

Several analysts have weighed in on the company. ValuEngine raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, TheStreet downgraded Shenandoah Telecommunications from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $34.67.

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In other news, VP Raymond B. Ostroski sold 3,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $31.75, for a total value of $95,250.00. Following the sale, the vice president now owns 21,621 shares of the company’s stock, valued at approximately $686,466.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.24% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in SHEN. Vanguard Group Inc. raised its stake in shares of Shenandoah Telecommunications by 1.3% in the second quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock worth $114,229,000 after buying an additional 47,212 shares during the period. BlackRock Inc. raised its stake in shares of Shenandoah Telecommunications by 91,238.8% in the first quarter. BlackRock Inc. now owns 3,679,126 shares of the utilities provider’s stock worth $103,201,000 after buying an additional 3,675,098 shares during the period. Aberdeen Asset Management PLC UK raised its stake in shares of Shenandoah Telecommunications by 16.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 2,374,343 shares of the utilities provider’s stock worth $66,600,000 after buying an additional 338,266 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of Shenandoah Telecommunications by 20.6% in the first quarter. TimesSquare Capital Management LLC now owns 1,837,275 shares of the utilities provider’s stock worth $51,536,000 after buying an additional 313,500 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Shenandoah Telecommunications by 0.6% in the second quarter. Renaissance Technologies LLC now owns 1,052,800 shares of the utilities provider’s stock worth $32,321,000 after buying an additional 6,500 shares during the period. 49.61% of the stock is currently owned by institutional investors.

Shares of Shenandoah Telecommunications (NASDAQ SHEN) opened at 35.40 on Friday. The stock’s market cap is $1.74 billion. The stock’s 50 day moving average price is $31.21 and its 200 day moving average price is $29.92. Shenandoah Telecommunications has a 1-year low of $22.05 and a 1-year high of $36.80.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.

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