Stock analysts expect Shenandoah Telecommunications Inc (NASDAQ:SHEN – Get Rating) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Shenandoah Telecommunications. Shenandoah Telecommunications reported earnings per share of $0.06 in the same quarter last year, indicating a positive year-over-year growth rate of 16.7%. The company is expected to announce its next earnings report on Thursday, May 5.
On average, analysts expect Shenandoah Telecommunications to report annual earnings of $0.13 per share for the current year. For the next fiscal year, analysts expect the company to report earnings of $0.38 per share. Zacks’ EPS calculations are an average average based on a survey of research companies that provide coverage for Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN – Get Rating) last reported quarterly earnings data on Monday, February 28. The utility provider reported ($0.06) earnings per share for the quarter, missing the Zacks consensus estimate of $0.04 per ($0.10). Shenandoah Telecommunications recorded a return on equity of 2.20% and a net margin of 407.52%. During the same period last year, the company posted EPS of $0.03.
A number of analysts have commented on the company. Zacks Investment Research downgraded Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a Friday, Feb. 25 research report. Raymond James lowered his price target on Shenandoah Telecommunications from $29.00 to $25.00 and set an “outperform” rating on the stock in a Wednesday, March 2 research report. B. Riley reduced his target price on Shenandoah Telecommunications from $32.00 to $29.00 in a Wednesday, March 2 research report. BWS Financial downgraded Shenandoah Telecommunications from a “neutral” rating to a “sell” rating and lowered its target price for the stock from $26.25 to $16.00 in a Wednesday, March 2 research report. Finally, StockNews.com downgraded Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a Thursday, March 3, research report. Three analysts gave the stock a sell rating and two gave the company a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.33.
SHEN was up $0.17 during Friday’s trading, hitting $20.62. 10,094 shares were traded, against an average volume of 249,007. The company’s 50-day moving average price is $22.72 and its two-hundred-day moving average price is $26.58. The company has a market capitalization of $1.03 billion, a price-earnings ratio of 1.03 and a beta of 0.29. Shenandoah Telecommunications has a 1-year low of $18.77 and a 1-year high of $61.53.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. The Public Employees Retirement System of Ohio increased its stake in Shenandoah Telecommunications by 26.2% during the fourth quarter. The Ohio Public Employees Retirement System now owns 2,301 shares of the utility provider worth $59,000 after acquiring 477 additional shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Shenandoah Telecommunications by 20.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 3,768 shares of the utility provider worth $119,000 after acquiring an additional 650 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Shenandoah Telecommunications by 18.8% during the third quarter. Advisor Group Holdings Inc. now owns 4,402 shares of the utility provider worth $139,000 after acquiring 696 additional shares in the last quarter. UBS Group AG increased its stake in Shenandoah Telecommunications by 100.6% during the third quarter. UBS Group AG now owns 1,440 shares of the utility provider worth $46,000 after acquiring an additional 722 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Shenandoah Telecommunications by 6.1% during the fourth quarter. Victory Capital Management Inc. now owns 13,795 shares of the utility provider worth $352,000 after acquiring 789 additional shares in the last quarter. Hedge funds and other institutional investors hold 55.08% of the company’s shares.
Shenandoah Telecom Company Profile (Get an assessment)
Shenandoah Telecommunications Co operates as a holding company, which engages in the provision of regulated and unregulated telecommunications services to end-user customers and other telecommunications providers. It offers voice, video and data communication services. It operates through the following segments: Wireless, Broadband and Tower.
Get a Free Copy of Zacks’ Research Report on Shenandoah Telecommunications (SHEN)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Shenandoah Telecommunications right now?
Before you consider Shenandoah Telecommunications, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Shenandoah Telecommunications was not on the list.
Although Shenandoah Telecommunications currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here