Equities research analysts expect Shenandoah Telecommunications Co (NASDAQ:SHEN) to post $0.04 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Shenandoah Telecommunications’ earnings, with estimates ranging from $0.03 to $0.05. Shenandoah Telecommunications posted earnings per share of $0.13 in the same quarter last year, which would indicate a negative year over year growth rate of 69.2%. The business is scheduled to issue its next quarterly earnings report on Monday, March 19th.
On average, analysts expect that Shenandoah Telecommunications will report full year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.15 to $0.17. For the next financial year, analysts forecast that the company will post earnings of $0.37 per share, with EPS estimates ranging from $0.36 to $0.38. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Shenandoah Telecommunications.
Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.08. The firm had revenue of $151.80 million during the quarter, compared to analyst estimates of $153.64 million. Shenandoah Telecommunications had a net margin of 0.91% and a return on equity of 4.04%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) EPS.
Shenandoah Telecommunications (NASDAQ:SHEN) opened at $37.97 on Friday. The firm has a market cap of $1,870.84, a price-to-earnings ratio of 151.90 and a beta of 0.67. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 2.60. Shenandoah Telecommunications has a 52-week low of $25.35 and a 52-week high of $41.80.
The business also recently disclosed an annual dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a dividend yield of 0.65%. This is a positive change from Shenandoah Telecommunications’s previous annual dividend of $0.25. Shenandoah Telecommunications’s dividend payout ratio is currently 216.67%.
In other news, insider Earle A. Mackenzie sold 46,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $38.93, for a total transaction of $1,790,780.00. Following the completion of the transaction, the insider now owns 118,047 shares of the company’s stock, valued at $4,595,569.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.24% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Pacad Investment Ltd. raised its position in shares of Shenandoah Telecommunications by 5.0% during the second quarter. Pacad Investment Ltd. now owns 4,200 shares of the utilities provider’s stock valued at $129,000 after buying an additional 200 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Shenandoah Telecommunications by 2.2% during the second quarter. Suntrust Banks Inc. now owns 9,805 shares of the utilities provider’s stock valued at $301,000 after buying an additional 209 shares during the last quarter. Alpha Omega Wealth Management LLC raised its position in shares of Shenandoah Telecommunications by 5.5% during the second quarter. Alpha Omega Wealth Management LLC now owns 5,800 shares of the utilities provider’s stock valued at $178,000 after buying an additional 300 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Shenandoah Telecommunications by 9.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,079 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 347 shares during the period. Finally, Toronto Dominion Bank increased its stake in Shenandoah Telecommunications by 13.2% in the second quarter. Toronto Dominion Bank now owns 6,636 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 776 shares during the period. 52.64% of the stock is owned by institutional investors and hedge funds.
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Shenandoah Telecommunications Company Profile
Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.
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