Analysts Expect Shenandoah Telecommunications (SHEN) to Announce $0.04 EPS

Equities analysts expect Shenandoah Telecommunications (NASDAQ:SHEN) to post earnings of $0.04 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Shenandoah Telecommunications’ earnings. The highest EPS estimate is $0.05 and the lowest is $0.03. Shenandoah Telecommunications posted earnings per share of $0.13 in the same quarter last year, which would suggest a negative year-over-year growth rate of 69.2%. The firm is scheduled to issue its next quarterly earnings report on Monday, March 19th.

On average, analysts expect that Shenandoah Telecommunications will report full year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.16. For the next year, analysts expect that the company will post earnings of $0.37 per share, with EPS estimates ranging from $0.36 to $0.37. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. Shenandoah Telecommunications had a return on equity of 4.04% and a net margin of 0.91%. The company had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $153.64 million. During the same period in the previous year, the firm posted ($0.16) earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis.

Several brokerages have weighed in on SHEN. Zacks Investment Research cut Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. BidaskClub upgraded Shenandoah Telecommunications from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 25th. BWS Financial set a $50.00 target price on Shenandoah Telecommunications and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, TheStreet lowered Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. Shenandoah Telecommunications presently has an average rating of “Hold” and an average target price of $50.00.

Several large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of Shenandoah Telecommunications by 5.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 231,883 shares of the utilities provider’s stock valued at $7,838,000 after buying an additional 12,436 shares during the period. Wells Fargo & Company MN boosted its position in shares of Shenandoah Telecommunications by 19.6% during the fourth quarter. Wells Fargo & Company MN now owns 102,761 shares of the utilities provider’s stock valued at $3,473,000 after buying an additional 16,846 shares during the period. First Trust Advisors LP boosted its position in shares of Shenandoah Telecommunications by 752.4% during the fourth quarter. First Trust Advisors LP now owns 86,725 shares of the utilities provider’s stock valued at $2,931,000 after buying an additional 76,551 shares during the period. Swiss National Bank boosted its position in shares of Shenandoah Telecommunications by 2.9% during the fourth quarter. Swiss National Bank now owns 78,572 shares of the utilities provider’s stock valued at $2,656,000 after buying an additional 2,200 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at approximately $538,000. Institutional investors and hedge funds own 48.49% of the company’s stock.

Shares of Shenandoah Telecommunications (NASDAQ SHEN) traded up $0.15 during midday trading on Friday, reaching $30.65. The company’s stock had a trading volume of 38,036 shares, compared to its average volume of 118,707. The company has a quick ratio of 1.28, a current ratio of 1.34 and a debt-to-equity ratio of 2.60. Shenandoah Telecommunications has a 52 week low of $25.50 and a 52 week high of $41.80. The company has a market capitalization of $1,554.30, a PE ratio of 255.42 and a beta of 0.71.

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Shenandoah Telecommunications Company Profile

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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