Shenandoah Telecommunications (SHEN) Expected to Announce Earnings of $0.14 Per Share

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Equities analysts expect that Shenandoah Telecommunications (NASDAQ:SHEN) will announce $0.14 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Shenandoah Telecommunications’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.13. Shenandoah Telecommunications posted earnings per share of $0.07 in the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Shenandoah Telecommunications will report full year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.55. For the next fiscal year, analysts forecast that the firm will report earnings of $0.82 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.16 EPS 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 firm had revenue of $154.03 million during the quarter, compared to analysts’ expectations of $152.83 million.

A number of research analysts have recently weighed in on SHEN shares. TheStreet upgraded Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Zacks Investment Research upgraded Shenandoah Telecommunications from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Saturday, August 11th. BidaskClub upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a report on Saturday, August 11th. Finally, ValuEngine upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $45.50.

Shares of SHEN stock traded down $0.30 during trading hours on Monday, reaching $36.75. The company had a trading volume of 141,183 shares, compared to its average volume of 155,737. Shenandoah Telecommunications has a 12 month low of $29.92 and a 12 month high of $41.80. 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 $1.84 billion, a PE ratio of 141.35 and a beta of 0.45.

In other news, SVP Edward H. Mckay sold 5,215 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $37.15, for a total value of $193,737.25. Following the transaction, the senior vice president now owns 17,959 shares in the company, valued at $667,176.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Raymond B. Ostroski sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $36.53, for a total value of $328,770.00. Following the completion of the transaction, the vice president now owns 24,364 shares in the company, valued at approximately $890,016.92. The disclosure for this sale can be found here. Insiders sold 22,215 shares of company stock worth $791,907 in the last 90 days. Corporate insiders own 6.84% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Shenandoah Telecommunications by 7.8% in the second quarter. BlackRock Inc. now owns 3,323,426 shares of the utilities provider’s stock valued at $108,676,000 after purchasing an additional 239,253 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Shenandoah Telecommunications by 0.8% during the second quarter. Renaissance Technologies LLC now owns 1,145,600 shares of the utilities provider’s stock worth $37,461,000 after acquiring an additional 8,600 shares during the period. FMR LLC lifted its holdings in Shenandoah Telecommunications by 10.9% during the second quarter. FMR LLC now owns 452,156 shares of the utilities provider’s stock worth $14,786,000 after acquiring an additional 44,500 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Shenandoah Telecommunications by 7.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 263,559 shares of the utilities provider’s stock worth $8,619,000 after acquiring an additional 18,966 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Shenandoah Telecommunications by 23.8% during the first quarter. Prudential Financial Inc. now owns 136,069 shares of the utilities provider’s stock worth $4,899,000 after acquiring an additional 26,140 shares during the period. Institutional investors own 46.91% of the company’s stock.

About Shenandoah Telecommunications

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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