Brokerages Anticipate Shenandoah Telecommunications (NASDAQ:SHEN) to Post $0.32 EPS

Wall Street brokerages expect Shenandoah Telecommunications (NASDAQ:SHEN) to announce earnings per share of $0.32 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Shenandoah Telecommunications’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.31. Shenandoah Telecommunications posted earnings of $0.30 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is scheduled to issue its next earnings report on Thursday, February 27th.

On average, 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 $1.15. For the next financial year, analysts anticipate that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.39 to $1.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The company had revenue of $155.15 million for the quarter, compared to analyst estimates of $163.96 million. Shenandoah Telecommunications had a return on equity of 12.28% and a net margin of 8.87%.

A number of research firms have weighed in on SHEN. Zacks Investment Research cut shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. BidaskClub cut shares of Shenandoah Telecommunications from a “sell” rating to a “strong sell” rating in a research report on Friday, September 20th. ValuEngine upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Saturday, October 5th. Raymond James raised shares of Shenandoah Telecommunications from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a report on Wednesday, August 7th. Finally, TheStreet raised shares of Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Shenandoah Telecommunications presently has a consensus rating of “Hold” and a consensus target price of $47.25.

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Institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Shenandoah Telecommunications during the second quarter worth $31,000. Tower Research Capital LLC TRC grew its holdings in shares of Shenandoah Telecommunications by 220.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,070 shares of the utilities provider’s stock worth $41,000 after buying an additional 736 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Shenandoah Telecommunications during the third quarter worth $68,000. Meeder Asset Management Inc. grew its holdings in shares of Shenandoah Telecommunications by 622.0% during the second quarter. Meeder Asset Management Inc. now owns 2,000 shares of the utilities provider’s stock worth $77,000 after buying an additional 1,723 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in shares of Shenandoah Telecommunications during the second quarter worth $151,000. 48.54% of the stock is owned by institutional investors and hedge funds.

NASDAQ:SHEN traded down $0.18 during trading hours on Monday, reaching $37.37. 377,800 shares of the company were exchanged, compared to its average volume of 226,914. The company has a current ratio of 1.68, a quick ratio of 1.64 and a debt-to-equity ratio of 2.22. The stock’s 50-day moving average is $34.58 and its 200-day moving average is $35.90. The firm has a market cap of $1.87 billion, a PE ratio of 40.18 and a beta of 0.39. Shenandoah Telecommunications has a twelve month low of $29.61 and a twelve month high of $51.18.

The firm also recently announced an annual dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.29 per share. This is a positive change from Shenandoah Telecommunications’s previous annual dividend of $0.27. The ex-dividend date is Wednesday, November 13th. This represents a dividend yield of 0.9%. Shenandoah Telecommunications’s dividend payout ratio is presently 31.18%.

About Shenandoah Telecommunications

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.

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