Equities research analysts forecast that Shenandoah Telecommunications Co (NASDAQ:SHEN) will post $0.04 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Shenandoah Telecommunications’ earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.03. Shenandoah Telecommunications posted earnings per share of $0.13 in the same quarter last year, which would suggest a negative year over year growth rate of 69.2%. The company is expected to announce its next quarterly earnings report on Monday, March 19th.
According to Zacks, analysts expect that Shenandoah Telecommunications will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.15 to $0.17. For the next year, analysts anticipate that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.36 to $0.38. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm had revenue of $151.80 million during the quarter, compared to the consensus estimate of $153.64 million. Shenandoah Telecommunications had a return on equity of 4.04% and a net margin of 0.91%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.16) earnings per share.
Several brokerages have recently commented on SHEN. TheStreet downgraded Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research note on Friday. Zacks Investment Research raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, BidaskClub raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Shenandoah Telecommunications presently has a consensus rating of “Buy” and an average target price of $35.00.
Shares of Shenandoah Telecommunications (NASDAQ:SHEN) traded down $0.55 during trading on Tuesday, hitting $34.10. The stock had a trading volume of 85,700 shares, compared to its average volume of 183,847. The stock has a market capitalization of $1,700.00, a P/E ratio of 138.60 and a beta of 0.71. Shenandoah Telecommunications has a 12-month low of $24.95 and a 12-month high of $41.80. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 2.60.
The firm also recently declared an annual dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be given a dividend of $0.26 per share. This represents a dividend yield of 0.65%. This is an increase from Shenandoah Telecommunications’s previous annual dividend of $0.25. The ex-dividend date of this dividend is Thursday, November 2nd. Shenandoah Telecommunications’s dividend payout ratio (DPR) is presently 236.36%.
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In related news, insider Earle A. Mackenzie sold 46,000 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $38.93, for a total transaction of $1,790,780.00. Following the completion of the sale, the insider now directly owns 118,047 shares of the company’s stock, valued at $4,595,569.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.24% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of SHEN. SG Americas Securities LLC purchased a new stake in shares of Shenandoah Telecommunications during the first quarter valued at approximately $105,000. Ameritas Investment Partners Inc. increased its position in shares of Shenandoah Telecommunications by 9.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,079 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 347 shares during the last quarter. Pacad Investment Ltd. increased its position in shares of Shenandoah Telecommunications by 5.0% during the second quarter. Pacad Investment Ltd. now owns 4,200 shares of the utilities provider’s stock valued at $129,000 after acquiring an additional 200 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Shenandoah Telecommunications during the third quarter valued at approximately $138,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Shenandoah Telecommunications by 790.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,521 shares of the utilities provider’s stock valued at $169,000 after acquiring an additional 4,901 shares during the last quarter. 49.36% of the stock is owned by institutional investors.
About Shenandoah Telecommunications
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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