Shenandoah Telecommunications (NASDAQ:SHEN) Expected to Post Earnings of $0.32 Per Share

Wall Street analysts predict that Shenandoah Telecommunications (NASDAQ:SHEN) will report earnings per share of $0.32 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Shenandoah Telecommunications’ earnings, with estimates ranging from $0.31 to $0.33. Shenandoah Telecommunications posted earnings per share of $0.30 in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, February 26th.

According to Zacks, analysts expect that Shenandoah Telecommunications will report full-year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.16. For the next fiscal year, analysts forecast that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.41 to $1.65. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Shenandoah Telecommunications.

Several equities analysts recently commented on the company. TheStreet upgraded Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research note on Wednesday, November 27th. Zacks Investment Research downgraded Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. BidaskClub upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine downgraded Shenandoah Telecommunications from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, B. Riley upped their price objective on Shenandoah Telecommunications from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.75.

Shenandoah Telecommunications stock traded down $0.92 during trading on Friday, hitting $48.44. The stock had a trading volume of 118,145 shares, compared to its average volume of 224,654. Shenandoah Telecommunications has a 1 year low of $29.61 and a 1 year high of $50.56. The company has a quick ratio of 1.64, a current ratio of 1.68 and a debt-to-equity ratio of 2.22. The stock’s 50 day moving average is $43.67 and its two-hundred day moving average is $36.82. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 42.87 and a beta of 0.40.

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of Shenandoah Telecommunications by 0.9% during the third quarter. Rhumbline Advisers now owns 65,323 shares of the utilities provider’s stock worth $2,075,000 after acquiring an additional 578 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Shenandoah Telecommunications by 0.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 144,293 shares of the utilities provider’s stock worth $6,004,000 after acquiring an additional 657 shares in the last quarter. Amalgamated Bank lifted its position in shares of Shenandoah Telecommunications by 9.1% during the fourth quarter. Amalgamated Bank now owns 9,245 shares of the utilities provider’s stock worth $385,000 after acquiring an additional 771 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Shenandoah Telecommunications by 26.2% during the fourth quarter. Toronto Dominion Bank now owns 3,907 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 810 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of Shenandoah Telecommunications by 4.9% during the fourth quarter. Mariner LLC now owns 17,497 shares of the utilities provider’s stock worth $728,000 after acquiring an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

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.

Further Reading: Cost of Goods Sold (COGS)

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