Analysts expect Shenandoah Telecommunications (NASDAQ:SHEN) to report $0.36 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Shenandoah Telecommunications’ earnings. The highest EPS estimate is $0.42 and the lowest is $0.27. Shenandoah Telecommunications reported earnings per share of $0.29 in the same quarter last year, which would suggest a positive year-over-year growth rate of 24.1%. The business is scheduled to report its next earnings report on Thursday, October 29th.
On average, analysts expect that Shenandoah Telecommunications will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.41 to $1.67. For the next fiscal year, analysts expect that the company will report earnings of $1.98 per share, with EPS estimates ranging from $1.97 to $1.98. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.23. The company had revenue of $169.53 million for the quarter, compared to analysts’ expectations of $156.78 million. Shenandoah Telecommunications had a net margin of 11.02% and a return on equity of 14.53%.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Saturday, August 8th. Raymond James restated a “hold” rating on shares of Shenandoah Telecommunications in a research report on Friday, August 28th. Finally, BidaskClub lowered shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Shenandoah Telecommunications has a consensus rating of “Hold” and an average price target of $50.00.
A number of large investors have recently bought and sold shares of SHEN. FMR LLC grew its position in Shenandoah Telecommunications by 13.5% in the 1st quarter. FMR LLC now owns 954,614 shares of the utilities provider’s stock valued at $42,346,000 after buying an additional 113,516 shares during the last quarter. First Trust Advisors LP grew its position in Shenandoah Telecommunications by 121.0% in the 1st quarter. First Trust Advisors LP now owns 119,473 shares of the utilities provider’s stock valued at $5,300,000 after buying an additional 65,409 shares during the last quarter. Aperio Group LLC grew its position in Shenandoah Telecommunications by 54.9% in the 1st quarter. Aperio Group LLC now owns 13,176 shares of the utilities provider’s stock valued at $649,000 after buying an additional 4,669 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Shenandoah Telecommunications by 5.3% in the first quarter. New York State Common Retirement Fund now owns 45,400 shares of the utilities provider’s stock valued at $2,236,000 after acquiring an additional 2,300 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Shenandoah Telecommunications by 1.8% in the first quarter. Rhumbline Advisers now owns 152,364 shares of the utilities provider’s stock valued at $7,504,000 after acquiring an additional 2,732 shares during the period. Hedge funds and other institutional investors own 54.63% of the company’s stock.
Shares of SHEN traded down $3.39 during mid-day trading on Wednesday, reaching $44.46. 4,004 shares of the company’s stock were exchanged, compared to its average volume of 203,992. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.06 and a quick ratio of 2.04. The stock has a market capitalization of $2.39 billion, a PE ratio of 31.92 and a beta of 0.30. The business’s fifty day simple moving average is $53.45 and its 200-day simple moving average is $50.30. Shenandoah Telecommunications has a 52-week low of $29.61 and a 52-week high of $59.93.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.
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