Zacks: Brokerages Expect Shenandoah Telecommunications (NASDAQ:SHEN) to Announce $0.26 EPS

Analysts expect Shenandoah Telecommunications (NASDAQ:SHEN) to announce earnings per share (EPS) of $0.26 for the current quarter, Zacks reports. Three analysts have issued estimates for Shenandoah Telecommunications’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.30. Shenandoah Telecommunications reported earnings of $0.16 per share during the same quarter last year, which suggests a positive year over year growth rate of 62.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Shenandoah Telecommunications will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.26. For the next fiscal year, analysts anticipate that the business will post earnings of $1.53 per share, with EPS estimates ranging from $1.45 to $1.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Thursday, May 9th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The business 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 topic of a number of research reports. TheStreet upgraded BlackRock TCP Capital from a “c+” rating to a “b” rating in a report on Tuesday, May 28th. ValuEngine upgraded Whiting Petroleum from a “strong sell” rating to a “sell” rating in a report on Friday, April 5th. BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Zacks Investment Research cut Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Macquarie restated a “hold” rating and issued a $5.50 price target on shares of Sprint in a report on Sunday, May 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Shenandoah Telecommunications presently has an average rating of “Hold” and a consensus price target of $50.67.

A number of large investors have recently made changes to their positions in SHEN. WINTON GROUP Ltd grew its position in Shenandoah Telecommunications by 31.1% during the 2nd quarter. WINTON GROUP Ltd now owns 12,437 shares of the utilities provider’s stock worth $479,000 after purchasing an additional 2,948 shares in the last quarter. First Trust Advisors LP grew its position in Shenandoah Telecommunications by 121.0% during the 1st quarter. First Trust Advisors LP now owns 119,473 shares of the utilities provider’s stock worth $5,300,000 after purchasing an additional 65,409 shares in the last quarter. FMR LLC grew its position in Shenandoah Telecommunications by 13.5% during the 1st quarter. FMR LLC now owns 954,614 shares of the utilities provider’s stock worth $42,346,000 after purchasing an additional 113,516 shares in the last quarter. Marshall Wace LLP purchased a new position in Shenandoah Telecommunications during the 1st quarter worth approximately $683,000. Finally, Federated Investors Inc. PA grew its position in Shenandoah Telecommunications by 13.4% during the 1st quarter. Federated Investors Inc. PA now owns 453,185 shares of the utilities provider’s stock worth $20,104,000 after purchasing an additional 53,445 shares in the last quarter. Hedge funds and other institutional investors own 48.95% of the company’s stock.

Shares of SHEN traded up $0.17 on Thursday, reaching $38.50. The stock had a trading volume of 87,174 shares, compared to its average volume of 162,647. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 41.40 and a beta of 0.36. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.58 and a quick ratio of 1.52. The company’s 50-day moving average is $39.16. Shenandoah Telecommunications has a twelve month low of $31.10 and a twelve month high of $51.41.

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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