Wall Street analysts predict that Shenandoah Telecommunications (NASDAQ:SHEN) will post earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Shenandoah Telecommunications’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.21. Shenandoah Telecommunications reported earnings of $0.16 per share in the same quarter last year, which would indicate a positive year over year growth rate of 62.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Shenandoah Telecommunications will report full-year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.26. For the next financial year, analysts forecast that the company will post earnings of $1.53 per share, with EPS estimates ranging from $1.45 to $1.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Thursday, May 9th. The utilities provider reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. Shenandoah Telecommunications had a return on equity of 11.86% and a net margin of 8.23%. The company had revenue of $158.84 million for the quarter, compared to the consensus estimate of $163.97 million.
SHEN has been the topic of several research analyst reports. B. Riley boosted their price objective on Shenandoah Telecommunications from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, March 1st. TheStreet downgraded Shenandoah Telecommunications from a “b-” rating to a “c” rating in a report on Tuesday, May 28th. BidaskClub downgraded Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Zacks Investment Research upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, ValuEngine downgraded Shenandoah Telecommunications from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Shenandoah Telecommunications presently has an average rating of “Hold” and a consensus price target of $50.67.
Several hedge funds have recently bought and sold shares of SHEN. Bank of Montreal Can grew its stake in Shenandoah Telecommunications by 51.4% during the 4th quarter. Bank of Montreal Can now owns 1,002 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 340 shares in the last quarter. Strs Ohio acquired a new position in Shenandoah Telecommunications during the 4th quarter worth $75,000. NumerixS Investment Technologies Inc grew its stake in Shenandoah Telecommunications by 633.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,200 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 1,900 shares in the last quarter. Globeflex Capital L P acquired a new position in Shenandoah Telecommunications during the 1st quarter worth $113,000. Finally, Public Employees Retirement System of Ohio grew its stake in Shenandoah Telecommunications by 471.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,761 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 3,103 shares in the last quarter. Hedge funds and other institutional investors own 48.94% of the company’s stock.
NASDAQ:SHEN traded down $1.15 on Tuesday, reaching $38.42. The company’s stock had a trading volume of 8,529 shares, compared to its average volume of 158,821. Shenandoah Telecommunications has a 12-month low of $31.10 and a 12-month high of $51.41. The company has a current ratio of 1.58, a quick ratio of 1.52 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 41.39 and a beta of 0.45. The company has a 50 day moving average of $40.76.
Shenandoah Telecommunications Company Profile
Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.
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