Shenandoah Telecommunications (NASDAQ:SHEN) Expected to Post Quarterly Sales of $61.91 Million

Wall Street brokerages expect that Shenandoah Telecommunications (NASDAQ:SHEN) will post $61.91 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Shenandoah Telecommunications’ earnings. The lowest sales estimate is $61.75 million and the highest is $62.08 million. Shenandoah Telecommunications posted sales of $55.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The company is expected to issue its next earnings report on Friday, November 5th.

According to Zacks, analysts expect that Shenandoah Telecommunications will report full-year sales of $245.63 million for the current fiscal year, with estimates ranging from $245.00 million to $246.15 million. For the next year, analysts anticipate that the company will post sales of $271.78 million, with estimates ranging from $265.40 million to $278.15 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Thursday, July 29th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.63). Shenandoah Telecommunications had a return on equity of 1.29% and a net margin of 80.93%. The company had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.16 million.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Thursday, August 5th. TheStreet lowered Shenandoah Telecommunications from a “c-” rating to a “d+” rating in a research report on Monday, August 16th. B. Riley upgraded Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, August 18th. Finally, Raymond James upgraded Shenandoah Telecommunications from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 4th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Shenandoah Telecommunications currently has an average rating of “Hold” and a consensus target price of $43.00.

Institutional investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of Shenandoah Telecommunications during the 1st quarter worth approximately $29,000. Arkadios Wealth Advisors bought a new stake in Shenandoah Telecommunications in the 2nd quarter valued at $52,000. Acadian Asset Management LLC bought a new stake in Shenandoah Telecommunications in the 1st quarter valued at $115,000. Emerald Advisers LLC bought a new stake in Shenandoah Telecommunications in the 2nd quarter valued at $153,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Shenandoah Telecommunications in the 1st quarter valued at $201,000. Institutional investors own 54.01% of the company’s stock.

Shares of SHEN traded down $0.10 on Thursday, hitting $30.10. The company’s stock had a trading volume of 161,860 shares, compared to its average volume of 245,574. The firm’s fifty day moving average price is $36.73 and its 200-day moving average price is $45.33. Shenandoah Telecommunications has a fifty-two week low of $28.70 and a fifty-two week high of $61.53. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 8.00 and a beta of 0.34.

The company also recently declared a None dividend, which was paid on Monday, August 2nd. Shareholders of record on Tuesday, July 13th were given a dividend of $18.75 per share. The ex-dividend date was Tuesday, August 3rd. Shenandoah Telecommunications’s dividend payout ratio (DPR) is currently 680.00%.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Co operates as a holding company, which engages in the provision of regulated and unregulated telecommunication services to end-user customers and other telecommunications providers. It offers voice, video and data communications services. It operates through the following segments: Wireless, Broadband and Tower.

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Earnings History and Estimates for Shenandoah Telecommunications (NASDAQ:SHEN)

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