Brokerages expect Shenandoah Telecommunications (NASDAQ:SHEN) to announce $162.23 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Shenandoah Telecommunications’ earnings. The lowest sales estimate is $161.47 million and the highest is $163.00 million. Shenandoah Telecommunications reported sales of $154.03 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The business is scheduled to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that Shenandoah Telecommunications will report full year sales of $653.73 million for the current fiscal year, with estimates ranging from $652.32 million to $656.00 million. For the next fiscal year, analysts expect that the company will report sales of $699.75 million, with estimates ranging from $684.51 million to $715.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $158.84 million during the quarter, compared to the consensus estimate of $163.97 million. Shenandoah Telecommunications had a return on equity of 11.86% and a net margin of 8.23%.

SHEN has been the subject of a number of recent research reports. ValuEngine upgraded Whiting Petroleum from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. TheStreet upgraded BlackRock TCP Capital from a “c+” rating to a “b” rating in a research note on Tuesday, May 28th. Zacks Investment Research downgraded Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Macquarie restated a “hold” rating and set a $5.50 price target on shares of Sprint in a research note on Sunday, May 12th. Finally, BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Shenandoah Telecommunications presently has an average rating of “Hold” and an average target price of $50.67.

Hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its position in Shenandoah Telecommunications by 378.3% during the 4th quarter. First Trust Advisors LP now owns 54,064 shares of the utilities provider’s stock worth $2,392,000 after buying an additional 42,760 shares during the period. Hsbc Holdings PLC acquired a new stake in Shenandoah Telecommunications during the 4th quarter worth approximately $790,000. California State Teachers Retirement System boosted its position in Shenandoah Telecommunications by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 73,045 shares of the utilities provider’s stock worth $3,232,000 after buying an additional 1,609 shares during the period. Geode Capital Management LLC boosted its position in Shenandoah Telecommunications by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 530,558 shares of the utilities provider’s stock worth $23,476,000 after buying an additional 32,327 shares during the period. Finally, Menta Capital LLC boosted its position in Shenandoah Telecommunications by 17.3% during the 4th quarter. Menta Capital LLC now owns 6,100 shares of the utilities provider’s stock worth $270,000 after buying an additional 900 shares during the period. 48.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Shenandoah Telecommunications stock traded up $0.17 during trading hours on Friday, reaching $38.50. 87,174 shares of the stock traded hands, compared to its average volume of 162,647. The business’s 50 day moving average is $39.16. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 41.40 and a beta of 0.36. Shenandoah Telecommunications has a one year low of $31.10 and a one year high of $51.41. The company has a quick ratio of 1.52, a current ratio of 1.58 and a debt-to-equity ratio of 2.32.

Shenandoah Telecommunications Company Profile

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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