Analysts expect Shenandoah Telecommunications (NASDAQ:SHEN) to post sales of $154.19 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Shenandoah Telecommunications’ earnings, with the lowest sales estimate coming in at $153.67 million and the highest estimate coming in at $154.71 million. Shenandoah Telecommunications posted sales of $155.57 million during the same quarter last year, which suggests a negative year over year growth rate of 0.9%. The business is expected to report its next earnings report on Monday, March 19th.
According to Zacks, analysts expect that Shenandoah Telecommunications will report full year sales of $154.19 million for the current year, with estimates ranging from $612.59 million to $613.63 million. For the next fiscal year, analysts forecast that the business 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 analysts have issued reports on the company. BWS Financial set a $50.00 target price on Shenandoah Telecommunications and gave the company a “buy” rating in a research report on Wednesday, January 24th. BidaskClub raised Shenandoah Telecommunications from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 25th. Zacks Investment Research lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th. Finally, TheStreet lowered Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research report 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 has a consensus rating of “Hold” and an average price target of $50.00.
Several large investors have recently bought and sold shares of SHEN. JPMorgan Chase & Co. grew its stake in shares of Shenandoah Telecommunications by 44.0% in the second quarter. JPMorgan Chase & Co. now owns 19,655 shares of the utilities provider’s stock worth $604,000 after acquiring an additional 6,001 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Shenandoah Telecommunications by 89.2% in the second quarter. Wells Fargo & Company MN now owns 67,053 shares of the utilities provider’s stock worth $2,059,000 after acquiring an additional 31,620 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Shenandoah Telecommunications by 7.0% in the second quarter. Teachers Advisors LLC now owns 84,767 shares of the utilities provider’s stock worth $2,602,000 after acquiring an additional 5,538 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Shenandoah Telecommunications by 38.6% in the second quarter. UBS Asset Management Americas Inc. now owns 11,500 shares of the utilities provider’s stock worth $353,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Shenandoah Telecommunications by 2.7% in the second quarter. Northern Trust Corp now owns 737,460 shares of the utilities provider’s stock worth $22,640,000 after acquiring an additional 19,049 shares in the last quarter. Institutional investors and hedge funds own 48.49% 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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