Brokerages forecast that Shenandoah Telecommunications (NASDAQ:SHEN) will announce earnings per share of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Shenandoah Telecommunications’ earnings. The highest EPS estimate is $0.05 and the lowest is $0.03. Shenandoah Telecommunications reported earnings per share of $0.13 in the same quarter last year, which would indicate a negative year-over-year growth rate of 69.2%. The company is scheduled to report its next earnings report on Monday, March 19th.

On average, analysts expect that Shenandoah Telecommunications will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.17. For the next fiscal year, analysts forecast that the company will report earnings of $0.37 per share, with EPS estimates ranging from $0.36 to $0.38. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. The company had revenue of $151.80 million during the quarter, compared to analyst estimates of $153.64 million. Shenandoah Telecommunications had a net margin of 0.91% and a return on equity of 4.04%. Shenandoah Telecommunications’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.16) earnings per share.

SHEN has been the subject of several recent analyst reports. TheStreet lowered shares of Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub lowered shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Shenandoah Telecommunications by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock valued at $114,229,000 after purchasing an additional 47,212 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Shenandoah Telecommunications by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,202,254 shares of the utilities provider’s stock valued at $81,925,000 after purchasing an additional 30,156 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Shenandoah Telecommunications by 0.6% during the second quarter. Renaissance Technologies LLC now owns 1,052,800 shares of the utilities provider’s stock valued at $32,321,000 after purchasing an additional 6,500 shares during the period. Mawer Investment Management Ltd. lifted its stake in Shenandoah Telecommunications by 20.5% in the third quarter. Mawer Investment Management Ltd. now owns 1,010,069 shares of the utilities provider’s stock worth $37,575,000 after acquiring an additional 171,670 shares during the period. Finally, State Street Corp lifted its stake in Shenandoah Telecommunications by 5.7% in the second quarter. State Street Corp now owns 946,221 shares of the utilities provider’s stock worth $29,048,000 after acquiring an additional 50,603 shares during the period. 48.41% of the stock is owned by hedge funds and other institutional investors.

Shenandoah Telecommunications (NASDAQ SHEN) traded down $0.55 during midday trading on Friday, reaching $32.60. 114,768 shares of the company’s stock traded hands, compared to its average volume of 129,583. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.34 and a quick ratio of 1.28. The stock has a market capitalization of $1,633.12, a price-to-earnings ratio of 271.67 and a beta of 0.68. Shenandoah Telecommunications has a 52 week low of $25.35 and a 52 week high of $41.80.

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Shenandoah Telecommunications Company Profile

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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