Shenandoah Telecommunications (NASDAQ:SHEN) will be posting its earnings data before the market opens on Tuesday, November 6th. Analysts expect Shenandoah Telecommunications to post earnings of $0.15 per share for the quarter.
Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. Shenandoah Telecommunications had a net margin of 12.60% and a return on equity of 6.34%. The business had revenue of $154.03 million during the quarter, compared to analysts’ expectations of $152.83 million. On average, analysts expect Shenandoah Telecommunications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ:SHEN opened at $39.41 on Friday. Shenandoah Telecommunications has a 52 week low of $29.92 and a 52 week high of $39.65. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 151.58 and a beta of 0.24. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.41 and a quick ratio of 1.36.
The firm also recently disclosed an annual dividend, which will be paid on Friday, November 30th. Shareholders of record on Monday, November 12th will be paid a $0.27 dividend. This is a boost from Shenandoah Telecommunications’s previous annual dividend of $0.26. This represents a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 8th. Shenandoah Telecommunications’s dividend payout ratio (DPR) is presently 100.00%.
In related news, VP Raymond B. Ostroski sold 5,000 shares of Shenandoah Telecommunications stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $38.75, for a total transaction of $193,750.00. Following the completion of the transaction, the vice president now directly owns 15,364 shares of the company’s stock, valued at approximately $595,355. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Edward H. Mckay sold 2,000 shares of Shenandoah Telecommunications stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $36.75, for a total transaction of $73,500.00. Following the transaction, the senior vice president now directly owns 17,959 shares of the company’s stock, valued at $659,993.25. The disclosure for this sale can be found here. Insiders sold a total of 21,215 shares of company stock valued at $789,757 over the last three months. Corporate insiders own 6.84% of the company’s stock.
A number of equities analysts have commented on the stock. BidaskClub raised shares of Shenandoah Telecommunications from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 19th. Zacks Investment Research cut shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. TheStreet raised shares of Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. Finally, B. Riley assumed coverage on shares of Shenandoah Telecommunications in a research note on Thursday, September 13th. They issued a “buy” rating and a $46.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Shenandoah Telecommunications currently has an average rating of “Buy” and an average target price of $45.67.
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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