Wall Street brokerages expect that Shenandoah Telecommunications (NASDAQ:SHEN) will announce sales of $154.19 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Shenandoah Telecommunications’ earnings, with estimates ranging from $153.67 million to $154.71 million. Shenandoah Telecommunications reported sales of $155.57 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.9%. The business is expected to announce its next earnings results on Monday, March 19th.
On average, analysts expect that Shenandoah Telecommunications will report full-year sales of $154.19 million for the current financial year, with estimates ranging from $612.59 million to $613.63 million. For the next financial year, analysts forecast that the company will report sales of $635.42 million per share, with estimates ranging from $632.92 million to $637.91 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Shenandoah Telecommunications.
A number of equities analysts have recently issued reports on the stock. 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. Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. BidaskClub upgraded shares of Shenandoah Telecommunications from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 25th. Finally, TheStreet downgraded shares of Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.00.
Shenandoah Telecommunications (NASDAQ SHEN) traded up $0.60 during midday trading on Friday, hitting $32.85. 81,502 shares of the stock were exchanged, compared to its average volume of 112,824. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 2.60. Shenandoah Telecommunications has a 1 year low of $25.50 and a 1 year high of $41.80. The company has a market capitalization of $1,620.00, a P/E ratio of 298.64 and a beta of 0.72.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its stake in Shenandoah Telecommunications by 2.2% in the second quarter. Suntrust Banks Inc. now owns 9,805 shares of the utilities provider’s stock valued at $301,000 after acquiring an additional 209 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Shenandoah Telecommunications by 9.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,079 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 347 shares in the last quarter. Toronto Dominion Bank boosted its stake in Shenandoah Telecommunications by 13.2% in the second quarter. Toronto Dominion Bank now owns 6,636 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 776 shares in the last quarter. Voya Investment Management LLC boosted its stake in Shenandoah Telecommunications by 6.8% in the second quarter. Voya Investment Management LLC now owns 21,682 shares of the utilities provider’s stock valued at $666,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Shenandoah Telecommunications by 1.9% in the second quarter. Goldman Sachs Group Inc. now owns 82,054 shares of the utilities provider’s stock valued at $2,519,000 after acquiring an additional 1,544 shares in the last quarter. Hedge funds and other institutional investors own 48.42% of the company’s stock.
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Shenandoah Telecommunications Company Profile
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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