Shenandoah Telecommunications (NASDAQ:SHEN) Releases Earnings Results

Shenandoah Telecommunications (NASDAQ:SHEN) posted its quarterly earnings results on Thursday. The utilities provider reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.10, FiscalAI reports. Shenandoah Telecommunications had a negative return on equity of 4.25% and a negative net margin of 9.98%.The company had revenue of $91.59 million during the quarter, compared to analysts’ expectations of $90.03 million.

Here are the key takeaways from Shenandoah Telecommunications’ conference call:

• Shentel significantly expanded its fiber footprint in 2025, passing about 427,000 homes and businesses (up 81,000) and growing Glo Fiber data RGUs 35% to 88,000, with fiber-based lines surpassing incumbent broadband revenue in Q4.
• The company completed a refinancing into an ABS-backed structure, lowering its weighted average interest rate to ~5.75% (down ~172 bps) and reducing cash interest by roughly $11 million annually, while extending maturities to 2030.
• Management guided 2026 revenues of $370M–$377M and adjusted EBITDA of $131M–$136M and reiterated a plan to reach positive free cash flow in 2027, driven by lower capital intensity and continued fiber EBITDA growth.
• Shentel paused investments in certain Ohio markets because aerial make‑ready costs rose 2–3x, reducing targeted passings where returns would fall below its ~15% hurdle, which trims near‑term expansion opportunity.
• The company announced a workforce reduction of ~10%, expecting ~$3.1 million of restructuring charges and about $12.3 million of annual savings beginning in 2027 as staffing is aligned with the end of major construction.

Shenandoah Telecommunications Trading Up 3.2%

Shenandoah Telecommunications stock traded up $0.44 during mid-day trading on Thursday, hitting $13.99. 110,338 shares of the stock were exchanged, compared to its average volume of 278,849. The firm’s fifty day simple moving average is $11.93 and its two-hundred day simple moving average is $12.25. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.59. Shenandoah Telecommunications has a 12 month low of $9.66 and a 12 month high of $15.84. The stock has a market capitalization of $767.78 million, a price-to-earnings ratio of -22.20 and a beta of 0.84.

Institutional Trading of Shenandoah Telecommunications

A number of institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Shenandoah Telecommunications by 1,116.6% in the 4th quarter. Millennium Management LLC now owns 1,087,246 shares of the utilities provider’s stock valued at $12,569,000 after purchasing an additional 997,882 shares during the period. Invesco Ltd. lifted its stake in Shenandoah Telecommunications by 103.7% in the second quarter. Invesco Ltd. now owns 447,553 shares of the utilities provider’s stock valued at $6,114,000 after buying an additional 227,789 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of Shenandoah Telecommunications by 187.2% during the 3rd quarter. Bridgeway Capital Management LLC now owns 330,890 shares of the utilities provider’s stock worth $4,441,000 after buying an additional 215,668 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Shenandoah Telecommunications by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 532,984 shares of the utilities provider’s stock worth $6,700,000 after buying an additional 116,040 shares during the period. Finally, HRT Financial LP increased its stake in shares of Shenandoah Telecommunications by 214.2% in the 4th quarter. HRT Financial LP now owns 166,189 shares of the utilities provider’s stock valued at $1,921,000 after acquiring an additional 113,296 shares in the last quarter. Institutional investors own 61.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Shenandoah Telecommunications in a report on Thursday, January 22nd. BWS Financial reissued a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Shenandoah Telecommunications presently has an average rating of “Hold” and a consensus price target of $26.00.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.