$0.36 EPS Expected for Shenandoah Telecommunications (NASDAQ:SHEN) This Quarter

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Brokerages expect that Shenandoah Telecommunications (NASDAQ:SHEN) will report $0.36 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 $0.27 and the highest estimate coming in at $0.42. Shenandoah Telecommunications reported earnings per share of $0.29 during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.1%. The firm is expected to issue its next quarterly earnings results on Thursday, October 29th.

On average, analysts expect that Shenandoah Telecommunications will report full-year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.41 to $1.67. For the next fiscal year, analysts forecast 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 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 data on Thursday, July 30th. The utilities provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.23. The firm had revenue of $169.53 million during the quarter, compared to analyst estimates of $156.78 million. Shenandoah Telecommunications had a return on equity of 14.53% and a net margin of 11.02%.

A number of brokerages have recently weighed in on SHEN. BidaskClub lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Thursday, September 17th. Zacks Investment Research raised shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Saturday, August 8th. Finally, Raymond James reaffirmed a “hold” rating on shares of Shenandoah Telecommunications in a report on Friday, August 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Shenandoah Telecommunications currently has an average rating of “Hold” and a consensus target price of $50.00.

Shares of Shenandoah Telecommunications stock traded down $1.66 during trading on Wednesday, reaching $42.36. 238,721 shares of the stock traded hands, compared to its average volume of 204,543. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 31.22 and a beta of 0.30. The business has a fifty day simple moving average of $53.21 and a two-hundred day simple moving average of $50.35. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.06 and a quick ratio of 2.04. Shenandoah Telecommunications has a 52-week low of $29.61 and a 52-week high of $59.93.

Several large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its stake in Shenandoah Telecommunications by 5.3% in the first quarter. Thrivent Financial for Lutherans now owns 39,277 shares of the utilities provider’s stock worth $1,934,000 after purchasing an additional 1,960 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Shenandoah Telecommunications by 1.8% during the first quarter. Rhumbline Advisers now owns 152,364 shares of the utilities provider’s stock worth $7,504,000 after buying an additional 2,732 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Shenandoah Telecommunications by 424.9% during the second quarter. First Trust Advisors LP now owns 434,113 shares of the utilities provider’s stock worth $21,397,000 after buying an additional 351,403 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Shenandoah Telecommunications during the first quarter worth about $227,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Shenandoah Telecommunications during the first quarter worth about $216,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Company Profile

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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Earnings History and Estimates for Shenandoah Telecommunications (NASDAQ:SHEN)

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