Wall Street brokers expect Shenandoah Telecommunications Inc (NASDAQ:SHEN) to post earnings per share (EPS) of $0.05 for the current fiscal quarter, according to Zacks. Three analysts have made earnings estimates for Shenandoah Telecommunications, with the highest EPS estimate of $0.05 and the lowest estimate of $0.04. Shenandoah Telecommunications posted earnings of $0.03 per share in the same quarter last year, which would indicate a positive growth rate of 66.7% year over year. The company is expected to announce its next quarterly results on Thursday, February 24.
According to Zacks, analysts expect Shenandoah Telecommunications to report annual earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.27 to $0.28. For the next fiscal year, analysts expect the company to post earnings of $0.29 per share, with EPS estimates ranging from $0.27 to $0.30. Zacks’ EPS calculations are an average average based on a survey of analysts who track Shenandoah Telecommunications.
Shenandoah Telecommunications Inc (NASDAQ:SHEN) last released its quarterly results on Thursday, October 28. The utility provider reported EPS of $0.13 for the quarter, beating Thomson Reuters consensus estimate of ($0.11) by $0.24. Shenandoah Telecommunications achieved a return on equity of 2.07% and a net margin of 434.98%. The company posted revenue of $62.24 million in the quarter, compared to $61.91 million expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $0.03.
SHEN has been the subject of a number of recent analyst reports. Raymond James upgraded Shenandoah Telecommunications from a “market performance” rating to an “outperform” rating and set a $29.00 price target for the company in a Tuesday, Dec. 14 research note. B. Riley reduced his target price on Shenandoah Telecommunications from $43.00 to $40.00 in a Wednesday, January 12 research report. Finally, Zacks Investment Research downgraded Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a Friday, Jan. 14, report.
Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. UBS Group AG raised its position in Shenandoah Telecommunications shares by 100.6% in the third quarter. UBS Group AG now owns 1,440 shares of the utility provider worth $46,000 after buying an additional 722 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Shenandoah Telecommunications shares 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 buying an additional 650 shares in the last quarter. Advisor Group Holdings Inc. raised its position in Shenandoah Telecommunications shares by 18.8% during the third quarter. Advisor Group Holdings Inc. now owns 4,402 shares of the utility provider worth $139,000 after buying 696 additional shares in the last quarter. Emerald Advisers LLC increased its position in Shenandoah Telecommunications shares by 108.3% during the third quarter. Emerald Advisers LLC now owns 6,579 shares of the utility provider worth $208,000 after buying 3,420 additional shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stock position in Shenandoah Telecommunications during Q2 worth approximately $211,000. 54.54% of the shares are held by hedge funds and other institutional investors.
The NASDAQ SHEN opened at $22.53 on Friday. The company’s 50-day moving average price is $25.29 and its 200-day moving average price is $30.65. The company has a market capitalization of $1.13 billion, a PE ratio of 1.08 and a beta of 0.23. Shenandoah Telecommunications has a 12-month low of $21.55 and a 12-month high of $61.53.
Shenandoah Telecom Company Profile
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.
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