-$0.01 EPS Expected for Shenandoah Telecommunications Co (SHEN) This Quarter
Wall Street brokerages expect Shenandoah Telecommunications Co (NASDAQ:SHEN) to post earnings of ($0.01) per share for the current quarter, Zacks reports. Two analysts have issued estimates for Shenandoah Telecommunications’ earnings. The highest EPS estimate is $0.02 and the lowest is ($0.04). Shenandoah Telecommunications reported earnings per share of $0.15 in the same quarter last year, which indicates a negative year over year growth rate of 106.7%. The business is scheduled to announce its next earnings results on Monday, November 6th.
On average, analysts expect that Shenandoah Telecommunications will report full-year earnings of $0.10 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.15. For the next financial year, analysts forecast that the company will post earnings of $0.38 per share, with EPS estimates ranging from $0.30 to $0.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The company had revenue of $153.30 million during the quarter, compared to the consensus estimate of $153.83 million. Shenandoah Telecommunications had a positive return on equity of 5.43% and a negative net margin of 0.89%. Shenandoah Telecommunications’s quarterly revenue was up 17.7% on a year-over-year basis.
SHEN has been the topic of a number of recent research reports. BidaskClub cut shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Zacks Investment Research cut shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.50.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. purchased a new stake in Shenandoah Telecommunications in the first quarter worth about $105,000. SG Americas Securities LLC purchased a new stake in Shenandoah Telecommunications in the first quarter worth about $105,000. Pacad Investment Ltd. grew its holdings in Shenandoah Telecommunications by 5.0% in the second quarter. Pacad Investment Ltd. now owns 4,200 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 200 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Shenandoah Telecommunications by 790.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,521 shares of the utilities provider’s stock worth $169,000 after purchasing an additional 4,901 shares during the period. Finally, Alpha Omega Wealth Management LLC grew its holdings in Shenandoah Telecommunications by 5.5% in the second quarter. Alpha Omega Wealth Management LLC now owns 5,800 shares of the utilities provider’s stock worth $178,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 49.26% of the company’s stock.
Shares of Shenandoah Telecommunications (SHEN) traded up 1.03% during mid-day trading on Friday, hitting $34.45. The stock had a trading volume of 611,595 shares. The firm’s market capitalization is $1.69 billion. Shenandoah Telecommunications has a 1-year low of $22.05 and a 1-year high of $37.90. The stock’s 50-day moving average is $35.02 and its 200 day moving average is $31.24.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.
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