Equities analysts expect that Shenandoah Telecommunications (NASDAQ:SHEN) will report earnings of $0.04 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Shenandoah Telecommunications’ earnings. The lowest EPS estimate is $0.03 and the highest is $0.05. Shenandoah Telecommunications posted earnings per share of $0.13 during the same quarter last year, which would indicate a negative year over year growth rate of 69.2%. The firm is scheduled to announce 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 financial year, with EPS estimates ranging from $0.15 to $0.16. For the next financial year, analysts expect that the company will report earnings of $0.37 per share, with EPS estimates ranging from $0.36 to $0.37. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Shenandoah Telecommunications.
A number of analysts have weighed in on SHEN shares. BidaskClub upgraded shares of Shenandoah Telecommunications from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. TheStreet lowered shares of Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, BWS Financial set a $50.00 price objective on shares of Shenandoah Telecommunications and gave the company a “buy” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Shenandoah Telecommunications presently has a consensus rating of “Hold” and a consensus target price of $50.00.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Shenandoah Telecommunications by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock valued at $114,229,000 after purchasing an additional 47,212 shares in the last quarter. Prudential Financial Inc. bought a new stake in Shenandoah Telecommunications during the 3rd quarter valued at about $1,673,000. Wells Fargo & Company MN increased its stake in Shenandoah Telecommunications by 28.1% during the 3rd quarter. Wells Fargo & Company MN now owns 85,915 shares of the utilities provider’s stock valued at $3,196,000 after purchasing an additional 18,862 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Shenandoah Telecommunications by 1,399.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 537,792 shares of the utilities provider’s stock valued at $16,510,000 after purchasing an additional 501,920 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Shenandoah Telecommunications by 10.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 56,674 shares of the utilities provider’s stock valued at $1,740,000 after purchasing an additional 5,286 shares in the last quarter. Institutional investors and hedge funds own 48.42% of the company’s stock.
Shares of Shenandoah Telecommunications (NASDAQ:SHEN) traded up $0.25 during trading on Friday, hitting $30.75. 94,500 shares of the company traded hands, compared to its average volume of 117,228. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.28 and a current ratio of 1.34. The company has a market cap of $1,514.89, a price-to-earnings ratio of 123.00 and a beta of 0.71. Shenandoah Telecommunications has a 52 week low of $25.50 and a 52 week high of $41.80.
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About Shenandoah Telecommunications
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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