Shenandoah Telecommunications (SHEN) Expected to Announce Earnings of $0.10 Per Share

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Wall Street brokerages predict that Shenandoah Telecommunications (NASDAQ:SHEN) will announce earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Shenandoah Telecommunications’ earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.11. The company is expected to report 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 year, with EPS estimates ranging from $0.36 to $0.46. For the next financial year, analysts anticipate that the firm will post earnings of $0.43 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Thursday, May 3rd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Shenandoah Telecommunications had a net margin of 11.32% and a return on equity of 4.56%. The company had revenue of $151.73 million for the quarter, compared to the consensus estimate of $152.69 million.

Several analysts have issued reports on the company. ValuEngine raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. BidaskClub lowered Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. BWS Financial reaffirmed a “buy” rating on shares of Shenandoah Telecommunications in a research note on Wednesday, April 11th. Zacks Investment Research lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. Finally, Raymond James lowered Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a research note on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $47.00.

NASDAQ:SHEN traded up $0.05 during mid-day trading on Friday, hitting $31.50. 114,971 shares of the company traded hands, compared to its average volume of 121,987. Shenandoah Telecommunications has a one year low of $29.05 and a one year high of $41.80. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.33 and a current ratio of 1.39. The firm has a market capitalization of $1.56 billion, a PE ratio of 121.15 and a beta of 0.61.

In other news, VP Richard A. Baughman sold 6,000 shares of the company’s stock in a transaction dated Thursday, June 28th. The stock was sold at an average price of $32.65, for a total value of $195,900.00. Following the completion of the transaction, the vice president now owns 42,624 shares of the company’s stock, valued at $1,391,673.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.84% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of Shenandoah Telecommunications by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,125,600 shares of the utilities provider’s stock worth $38,045,000 after acquiring an additional 68,800 shares during the period. Geode Capital Management LLC boosted its stake in shares of Shenandoah Telecommunications by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 412,327 shares of the utilities provider’s stock worth $13,936,000 after acquiring an additional 3,545 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Shenandoah Telecommunications by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 244,593 shares of the utilities provider’s stock worth $8,806,000 after acquiring an additional 13,353 shares during the period. Prudential Financial Inc. boosted its stake in shares of Shenandoah Telecommunications by 23.8% in the first quarter. Prudential Financial Inc. now owns 136,069 shares of the utilities provider’s stock worth $4,899,000 after acquiring an additional 26,140 shares during the period. Finally, Creative Planning lifted its position in shares of Shenandoah Telecommunications by 630.6% in the second quarter. Creative Planning now owns 117,637 shares of the utilities provider’s stock worth $3,847,000 after buying an additional 101,535 shares in the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

About Shenandoah Telecommunications

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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