Equities research analysts forecast that Shenandoah Telecommunications (NASDAQ:SHEN) will report $0.15 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Shenandoah Telecommunications’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.18. Shenandoah Telecommunications reported earnings per share of $0.07 in the same quarter last year, which suggests a positive year over year growth rate of 114.3%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, November 6th.
According to Zacks, analysts expect that Shenandoah Telecommunications will report full year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.54 to $0.63. For the next year, analysts anticipate that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.82 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Tuesday, August 7th. The utilities provider reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. Shenandoah Telecommunications had a return on equity of 6.34% and a net margin of 12.60%. The company had revenue of $154.03 million for the quarter, compared to analyst estimates of $152.83 million.
A number of analysts recently commented on the company. BidaskClub raised Shenandoah Telecommunications from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 19th. Zacks Investment Research downgraded Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. TheStreet raised Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Finally, B. Riley assumed coverage on Shenandoah Telecommunications in a research report on Thursday, September 13th. They set a “buy” rating and a $46.00 price target for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Shenandoah Telecommunications currently has an average rating of “Buy” and an average price target of $45.67.
In other Shenandoah Telecommunications news, VP Raymond B. Ostroski sold 5,000 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $38.75, for a total value of $193,750.00. Following the completion of the sale, the vice president now directly owns 15,364 shares of the company’s stock, valued at $595,355. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Edward H. Mckay sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $36.75, for a total value of $73,500.00. Following the completion of the sale, the senior vice president now directly owns 17,959 shares of the company’s stock, valued at $659,993.25. The disclosure for this sale can be found here. Insiders have sold 21,215 shares of company stock valued at $789,757 over the last ninety days. 6.84% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Hartford Investment Management Co. purchased a new stake in Shenandoah Telecommunications in the second quarter worth $251,000. Jane Street Group LLC purchased a new stake in Shenandoah Telecommunications in the first quarter worth $280,000. Convergence Investment Partners LLC purchased a new stake in Shenandoah Telecommunications in the second quarter worth $352,000. BNP Paribas Arbitrage SA increased its position in Shenandoah Telecommunications by 30.7% in the second quarter. BNP Paribas Arbitrage SA now owns 12,814 shares of the utilities provider’s stock worth $419,000 after buying an additional 3,007 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in Shenandoah Telecommunications in the second quarter worth $601,000. 46.91% of the stock is owned by institutional investors and hedge funds.
Shares of SHEN stock traded up $1.70 during trading hours on Wednesday, reaching $38.02. The company had a trading volume of 136,422 shares, compared to its average volume of 142,501. Shenandoah Telecommunications has a 12 month low of $29.92 and a 12 month high of $39.65. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $1.76 billion, a PE ratio of 146.23 and a beta of 0.29.
Shenandoah Telecommunications Company Profile
Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.
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