Wall Street brokerages forecast that Shenandoah Telecommunications (NASDAQ:SHEN) will post $0.10 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Shenandoah Telecommunications’ earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.09. The company is scheduled to issue its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Shenandoah Telecommunications will report full-year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.46. For the next financial year, analysts forecast that the company will report earnings of $0.43 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Thursday, May 3rd. The utilities provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The company had revenue of $151.73 million during the quarter, compared to analysts’ expectations of $152.69 million. Shenandoah Telecommunications had a net margin of 11.32% and a return on equity of 4.56%.
A number of research analysts have weighed in on the stock. ValuEngine upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. BidaskClub upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. BWS Financial reiterated a “buy” rating on shares of Shenandoah Telecommunications in a research note on Wednesday, April 11th. Zacks Investment Research cut shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. Finally, TheStreet upgraded shares of Shenandoah Telecommunications from a “c” rating to a “b” rating in a research note on Thursday, March 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Shenandoah Telecommunications currently has a consensus rating of “Hold” and an average target price of $47.00.
Shenandoah Telecommunications traded down $0.75, reaching $32.70, during midday trading on Tuesday, according to Marketbeat Ratings. The company had a trading volume of 213,494 shares, compared to its average volume of 154,910. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 125.77 and a beta of 0.62. Shenandoah Telecommunications has a 12-month low of $28.00 and a 12-month high of $41.80.
In related news, VP Richard A. Baughman sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 28th. The shares were sold at an average price of $32.65, for a total transaction of $195,900.00. Following the sale, the vice president now directly owns 42,624 shares in the company, valued at approximately $1,391,673.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.84% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. purchased a new stake in shares of Shenandoah Telecommunications during the 4th quarter valued at approximately $176,000. Element Capital Management LLC purchased a new stake in shares of Shenandoah Telecommunications during the 1st quarter valued at approximately $226,000. Jane Street Group LLC purchased a new stake in shares of Shenandoah Telecommunications during the 1st quarter valued at approximately $280,000. Citigroup Inc. lifted its stake in shares of Shenandoah Telecommunications by 1,957.1% during the 1st quarter. Citigroup Inc. now owns 8,146 shares of the utilities provider’s stock valued at $294,000 after buying an additional 7,750 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of Shenandoah Telecommunications during the 4th quarter valued at approximately $347,000. Institutional investors own 46.90% of the company’s stock.
Shenandoah Telecommunications Company Profile
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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