Shenandoah Telecommunications (SHEN) Expected to Post Quarterly Sales of $160.75 Million

Wall Street brokerages expect Shenandoah Telecommunications (NASDAQ:SHEN) to report sales of $160.75 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Shenandoah Telecommunications’ earnings, with the lowest sales estimate coming in at $159.00 million and the highest estimate coming in at $162.42 million. Shenandoah Telecommunications posted sales of $151.62 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The firm is expected to issue its next earnings results on Thursday, March 21st.

According to Zacks, analysts expect that Shenandoah Telecommunications will report full-year sales of $626.38 million for the current fiscal year, with estimates ranging from $624.81 million to $629.00 million. For the next year, analysts forecast that the business will post sales of $662.81 million, with estimates ranging from $655.52 million to $676.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Tuesday, November 6th. The utilities provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.16. The firm had revenue of $158.73 million during the quarter, compared to the consensus estimate of $156.14 million. Shenandoah Telecommunications had a net margin of 14.41% and a return on equity of 9.02%.

SHEN has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. B. Riley initiated coverage on shares of Shenandoah Telecommunications in a research note on Thursday, September 13th. They set a “buy” rating and a $46.00 target price for the company. BidaskClub upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Saturday, August 11th. Finally, TheStreet upgraded shares of Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.00.

In other Shenandoah Telecommunications news, VP Raymond B. Ostroski sold 5,000 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $38.75, for a total value of $193,750.00. Following the completion of the transaction, the vice president now owns 15,364 shares in the company, valued at $595,355. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edward H. Mckay sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $36.75, for a total transaction of $73,500.00. Following the completion of the transaction, the senior vice president now owns 17,959 shares of the company’s stock, valued at approximately $659,993.25. The disclosure for this sale can be found here. Insiders sold 15,215 shares of company stock valued at $588,787 in the last 90 days. 6.84% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHEN. Trexquant Investment LP purchased a new stake in shares of Shenandoah Telecommunications in the third quarter valued at about $434,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Shenandoah Telecommunications in the third quarter valued at about $425,000. BlackRock Inc. raised its holdings in shares of Shenandoah Telecommunications by 2.4% in the third quarter. BlackRock Inc. now owns 3,404,804 shares of the utilities provider’s stock valued at $131,936,000 after buying an additional 81,378 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of Shenandoah Telecommunications in the third quarter valued at about $322,000. Finally, Vantage Investment Advisors LLC purchased a new stake in shares of Shenandoah Telecommunications in the third quarter valued at about $646,000. Institutional investors own 47.14% of the company’s stock.

Shares of SHEN stock traded up $1.83 on Friday, reaching $44.67. 409,654 shares of the stock were exchanged, compared to its average volume of 146,631. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 1.71. The company has a market cap of $2.05 billion, a P/E ratio of 171.81 and a beta of 0.24. Shenandoah Telecommunications has a twelve month low of $29.92 and a twelve month high of $44.82.

The business also recently disclosed an annual dividend, which will be paid on Friday, November 30th. Shareholders of record on Monday, November 12th will be paid a $0.27 dividend. This represents a yield of 0.71%. The ex-dividend date is Thursday, November 8th. This is an increase from Shenandoah Telecommunications’s previous annual dividend of $0.26. Shenandoah Telecommunications’s dividend payout ratio is currently 100.00%.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.

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