Wall Street analysts expect that Shenandoah Telecommunications (NASDAQ:SHEN) will report sales of $160.76 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Shenandoah Telecommunications’ earnings, with the lowest sales estimate coming in at $159.00 million and the highest estimate coming in at $162.46 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 company is expected to announce its next quarterly earnings report on Thursday, March 21st.
On average, analysts expect that Shenandoah Telecommunications will report full year sales of $627.30 million for the current fiscal year, with estimates ranging from $625.32 million to $629.00 million. For the next year, analysts anticipate that the company will post sales of $665.18 million, with estimates ranging from $655.52 million to $676.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.16. The business had revenue of $158.73 million for the quarter, compared to analysts’ expectations of $156.14 million. Shenandoah Telecommunications had a return on equity of 8.73% and a net margin of 14.41%.
Shares of Shenandoah Telecommunications stock opened at $47.49 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.46 and a current ratio of 1.50. The company has a market cap of $2.35 billion, a PE ratio of 182.65 and a beta of 0.24. Shenandoah Telecommunications has a twelve month low of $29.92 and a twelve month high of $48.93.
The firm also recently announced an annual dividend, which will be paid on Friday, November 30th. Investors of record on Monday, November 12th will be given a $0.27 dividend. This is a boost from Shenandoah Telecommunications’s previous annual dividend of $0.26. This represents a yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 8th. Shenandoah Telecommunications’s dividend payout ratio (DPR) is currently 103.85%.
In other Shenandoah Telecommunications news, SVP Thomas A. Whitaker sold 3,000 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $47.95, for a total transaction of $143,850.00. Following the completion of the transaction, the senior vice president now directly owns 7,959 shares of the company’s stock, valued at approximately $381,634.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Raymond B. Ostroski sold 5,000 shares of the 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 transaction, the vice president now directly owns 15,364 shares of the company’s stock, valued at $595,355. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,000 shares of company stock worth $1,618,250. 6.84% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors bought a new position in Shenandoah Telecommunications during the 3rd quarter valued at $123,000. Bessemer Group Inc. bought a new position in Shenandoah Telecommunications during the 3rd quarter valued at $140,000. JNBA Financial Advisors bought a new position in Shenandoah Telecommunications during the 3rd quarter valued at $186,000. Verition Fund Management LLC bought a new position in Shenandoah Telecommunications during the 3rd quarter valued at $245,000. Finally, Hartford Investment Management Co. bought a new position in Shenandoah Telecommunications during the 2nd quarter valued at $251,000. 46.80% of the stock is owned by hedge funds and other institutional investors.
About Shenandoah Telecommunications
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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