$0.15 Earnings Per Share Expected for Shenandoah Telecommunications (SHEN) This Quarter

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Brokerages expect that Shenandoah Telecommunications (NASDAQ:SHEN) will report $0.15 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Shenandoah Telecommunications’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.18. Shenandoah Telecommunications reported earnings per share of $0.07 during the same quarter last year, which would indicate a positive year-over-year growth rate of 114.3%. The firm is expected to issue its next quarterly earnings results before the market opens on Tuesday, November 6th.

On average, analysts expect that Shenandoah Telecommunications will report full-year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.54 to $0.63. For the next fiscal year, analysts forecast that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.82 to $1.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings results 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 return on equity of 6.34% and a net margin of 12.60%. The firm had revenue of $154.03 million for the quarter, compared to analysts’ expectations of $152.83 million.

A number of analysts have recently commented on the company. BidaskClub cut Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. TheStreet raised Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Zacks Investment Research raised Shenandoah Telecommunications from a “sell” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Saturday, August 11th. Finally, B. Riley assumed coverage on Shenandoah Telecommunications in a research report on Thursday, September 13th. They issued a “buy” rating and a $46.00 price target on the stock. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Shenandoah Telecommunications has a consensus rating of “Buy” and an average target price of $45.67.

Shares of SHEN traded up $1.70 during mid-day trading on Wednesday, reaching $38.02. The company had a trading volume of 136,422 shares, compared to its average volume of 142,501. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 1.71. Shenandoah Telecommunications has a 52 week low of $29.92 and a 52 week high of $39.65. The stock has a market cap of $1.76 billion, a P/E ratio of 146.23 and a beta of 0.29.

In related news, VP Raymond B. Ostroski sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $38.75, for a total value of $193,750.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edward H. Mckay sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $36.75, for a total value of $73,500.00. Following the completion of the transaction, the senior vice president now directly owns 17,959 shares in the company, valued at $659,993.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,215 shares of company stock worth $789,757. Insiders own 6.84% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Hartford Investment Management Co. bought a new position in Shenandoah Telecommunications in the 2nd quarter valued at approximately $251,000. Jane Street Group LLC bought a new position in Shenandoah Telecommunications in the 1st quarter valued at approximately $280,000. Convergence Investment Partners LLC bought a new position in Shenandoah Telecommunications in the 2nd quarter valued at approximately $352,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Shenandoah Telecommunications by 30.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,814 shares of the utilities provider’s stock valued at $419,000 after buying an additional 3,007 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of Shenandoah Telecommunications during the 2nd quarter valued at $601,000. 46.91% of the stock is currently owned by institutional investors and hedge funds.

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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