Shenandoah Telecommunications (SHEN) to Release Earnings on Friday

Posted by ABMN Staff on Apr 26th, 2024

Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) will release its earnings data before the market opens on Friday, May 3rd. Analysts expect Shenandoah Telecommunications to post earnings of ($0.02) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. Shenandoah Telecommunications had a net margin of 2.80% and a return on equity of 1.24%. The firm had revenue of $72.51 million during the quarter, compared to analysts’ expectations of $71.85 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, analysts expect Shenandoah Telecommunications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shenandoah Telecommunications Price Performance

NASDAQ SHEN opened at $13.95 on Friday. Shenandoah Telecommunications has a 52 week low of $13.48 and a 52 week high of $25.51. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.45. The stock has a market cap of $703.78 million, a price-to-earnings ratio of 87.19 and a beta of 0.52. The company has a 50-day moving average price of $17.09 and a two-hundred day moving average price of $20.12.

Analyst Ratings Changes

Separately, BWS Financial upgraded shares of Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Monday, March 4th.

Read Our Latest Stock Report on SHEN

Shenandoah Telecommunications Company Profile

(Get Free Report)

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.