Wall Street analysts forecast that Shenandoah Telecommunications (NASDAQ:SHEN) will report $152.83 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Shenandoah Telecommunications’ earnings. The highest sales estimate is $154.76 million and the lowest is $150.90 million. Shenandoah Telecommunications posted sales of $153.26 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.3%. The firm is expected to issue its next earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Shenandoah Telecommunications will report full year sales of $617.06 million for the current year, with estimates ranging from $611.99 million to $622.12 million. For the next financial year, analysts forecast that the business will report sales of $634.56 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Shenandoah Telecommunications.
Get Shenandoah Telecommunications alerts:Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Thursday, May 3rd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Shenandoah Telecommunications had a net margin of 11.32% and a return on equity of 4.56%. The business had revenue of $151.73 million during the quarter, compared to the consensus estimate of $152.69 million.
A number of research analysts have issued reports on SHEN shares. BWS Financial reiterated a “buy” rating on shares of Shenandoah Telecommunications in a research report on Wednesday, April 11th. ValuEngine upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. Zacks Investment Research cut Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. Finally, Raymond James cut Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $47.00.
In other news, VP Richard A. Baughman sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 28th. The stock was sold at an average price of $32.65, for a total transaction of $195,900.00. Following the sale, the vice president now directly owns 42,624 shares in the company, valued at $1,391,673.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.84% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SHEN. Element Capital Management LLC bought a new stake in shares of Shenandoah Telecommunications during the first quarter worth about $226,000. Hartford Investment Management Co. bought a new stake in Shenandoah Telecommunications in the second quarter valued at approximately $251,000. Jane Street Group LLC bought a new stake in Shenandoah Telecommunications in the first quarter valued at approximately $280,000. Citigroup Inc. boosted its holdings in Shenandoah Telecommunications by 1,957.1% in the first quarter. Citigroup Inc. now owns 8,146 shares of the utilities provider’s stock valued at $294,000 after acquiring an additional 7,750 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new stake in Shenandoah Telecommunications in the fourth quarter valued at approximately $347,000. Institutional investors own 46.90% of the company’s stock.
Shenandoah Telecommunications stock traded up $0.05 during midday trading on Monday, reaching $31.50. The company’s stock had a trading volume of 114,971 shares, compared to its average volume of 121,987. Shenandoah Telecommunications has a 52 week low of $29.05 and a 52 week high of $41.80. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.56 billion, a PE ratio of 121.15 and a beta of 0.61.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.
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