Shenandoah Telecommunications (NASDAQ:SHEN) announced its quarterly earnings results on Thursday. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.23, MarketWatch Earnings reports. Shenandoah Telecommunications had a return on equity of 14.53% and a net margin of 11.02%. The company had revenue of $169.53 million for the quarter, compared to the consensus estimate of $156.78 million.
Shares of SHEN stock opened at $50.27 on Friday. The company’s fifty day moving average price is $50.01 and its 200-day moving average price is $48.10. The stock has a market cap of $2.51 billion, a PE ratio of 35.65 and a beta of 0.19. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 1.32. Shenandoah Telecommunications has a 12 month low of $29.61 and a 12 month high of $59.93.
A number of equities research analysts have recently weighed in on SHEN shares. BWS Financial lowered Shenandoah Telecommunications from a “buy” rating to a “sell” rating and cut their price objective for the stock from $55.00 to $40.00 in a research report on Friday, May 1st. Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. B. Riley dropped their target price on shares of Shenandoah Telecommunications from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. BidaskClub cut shares of Shenandoah Telecommunications from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 5th. Finally, ValuEngine downgraded shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.50.
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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