Shenandoah Telecommunications (NASDAQ: SHEN) Expected to Report Quarterly Sales of $ 62.78 Million


Analysts predict that Shenandoah Telecommunications (NASDAQ: SHEN) will report sales of $ 62.78 million for the current fiscal quarter, according to Zacks. Three analysts have released earnings estimates for Shenandoah Telecommunications. The lowest sales estimate is $ 62.60 million and the highest is $ 63.05 million. Shenandoah Telecommunications reported sales of $ 58.13 million in the same quarter last year, indicating a positive year-over-year growth rate of 8%. The company is expected to announce its next quarterly earnings report on Thursday, February 24.

On average, analysts expect Shenandoah Telecommunications to report annual revenue of $ 245.26 million for the current fiscal year, with estimates ranging from $ 244.70 million to $ 245.68 million. of dollars. For the next fiscal year, analysts expect the company to report revenue of $ 261.43 million, with estimates ranging from $ 256.49 million to $ 265.00 million. Zacks Investment Research sales calculations are an average based on a survey of analysts who provide coverage for Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ: SHEN) last reported its results on Thursday, October 28. The utility provider reported EPS of $ 0.13 for the quarter, beating Zacks’ consensus estimate ($ 0.11) by $ 0.24. Shenandoah Telecommunications reported a return on equity of 2.07% and a net margin of 434.98%. The company posted revenue of $ 62.24 million for the quarter, compared to analysts’ expectations of $ 61.91 million. In the same quarter of the previous year, the company achieved earnings per share of $ 0.03.

A number of equity research analysts weighed on the company. B. Riley raised its price target on Shenandoah Telecommunications from $ 41.00 to $ 43.00 and gave the company a “buy” rating in a report released on Monday, November 1. Raymond James downgraded Shenandoah Telecommunications from a “market performance” rating to an “outperformance” rating and set a price target of $ 29.00 on the stock in a report released on Tuesday, December 14. Finally, Zacks Investment Research downgraded Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a Wednesday, October 20 research note.

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NASDAQ SHEN opened at $ 25.11 on Tuesday. Shenandoah Telecommunications has a 52 week low of $ 24.44 and a 52 week high of $ 61.53. The company’s 50-day average mobile price is $ 26.57, and its 200-day average mobile price is $ 33.39. The company has a market cap of $ 1.25 billion, a P / E ratio of 1.20 and a beta of 0.23.

The company also recently declared an annual dividend, which was paid on Wednesday, December 1. Shareholders of record on Monday, November 8 received a dividend of $ 0.07. The ex-dividend date was Friday, November 5. This represents a yield of 0.26%. Shenandoah Telecommunications’ dividend payout ratio (DPR) is currently 0.34%.

Institutional investors and hedge funds have recently changed their holdings in the company. UBS Asset Management Americas Inc. increased its holdings of Shenandoah Telecommunications shares by 5.7% in the third quarter. UBS Asset Management Americas Inc. now owns 53,339 shares of the utility company valued at $ 1,684,000 after purchasing an additional 2,879 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Shenandoah Telecommunications shares by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 586,141 shares of the utility company valued at $ 18,510,000 after purchasing an additional 9,035 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Shenandoah Telecommunications shares by 171.2% during the third quarter. BNP Paribas Arbitrage SA now owns 51,356 shares of the utility with a value of $ 1,622,000 after purchasing an additional 32,417 shares during the last quarter. UBS Group AG increased its stake in Shenandoah Telecommunications shares by 100.6% during the 3rd quarter. UBS Group AG now owns 1,440 shares of the utility provider valued at $ 46,000 after purchasing an additional 722 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Shenandoah Telecommunications shares by 165.2% during the 3rd quarter. Millennium Management LLC now owns 33,522 shares of the utility company valued at $ 1,059,000 after purchasing an additional 20,882 shares in the last quarter. Institutional investors hold 55.01% of the company’s shares.

Shenandoah Telecom Company Profile

Shenandoah Telecommunications Co operates as a holding company, which provides regulated and unregulated telecommunications services to end user customers and other telecommunications providers. It offers voice, video and data communication services. It operates in the following segments: wireless, broadband and tower.

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