Shenandoah Telecommunications (NASDAQ:SHEN) – Analysts at B. Riley cut their FY2019 earnings estimates for shares of Shenandoah Telecommunications in a research report issued on Thursday, January 9th, Zacks Investment Research reports. B. Riley analyst Z. Silver now anticipates that the utilities provider will post earnings per share of $1.13 for the year, down from their prior estimate of $1.15. B. Riley has a “Buy” rating and a $52.00 price target on the stock. B. Riley also issued estimates for Shenandoah Telecommunications’ Q4 2019 earnings at $0.31 EPS and FY2021 earnings at $1.87 EPS.
Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Shenandoah Telecommunications had a net margin of 8.87% and a return on equity of 12.28%. The company had revenue of $155.15 million during the quarter, compared to analysts’ expectations of $163.96 million.
Other equities analysts have also issued research reports about the company. BidaskClub raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. TheStreet raised Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research report on Wednesday, November 27th. Raymond James cut shares of Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a research report on Monday. ValuEngine lowered shares of Shenandoah Telecommunications from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.75.
NASDAQ:SHEN traded down $2.37 during trading hours on Monday, reaching $41.43. 165,097 shares of the stock were exchanged, compared to its average volume of 236,339. The company has a quick ratio of 1.64, a current ratio of 1.68 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 36.66 and a beta of 0.43. Shenandoah Telecommunications has a twelve month low of $29.61 and a twelve month high of $51.18. The business has a 50-day moving average of $41.48 and a two-hundred day moving average of $36.16.
Large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. raised its holdings in shares of Shenandoah Telecommunications by 1.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 35,799 shares of the utilities provider’s stock valued at $1,379,000 after purchasing an additional 346 shares in the last quarter. Rhumbline Advisers increased its holdings in Shenandoah Telecommunications by 0.9% in the third quarter. Rhumbline Advisers now owns 65,323 shares of the utilities provider’s stock valued at $2,075,000 after buying an additional 578 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Shenandoah Telecommunications by 220.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,070 shares of the utilities provider’s stock valued at $41,000 after buying an additional 736 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Shenandoah Telecommunications in the second quarter valued at $31,000. Finally, California State Teachers Retirement System raised its stake in Shenandoah Telecommunications by 1.2% in the third quarter. California State Teachers Retirement System now owns 74,722 shares of the utilities provider’s stock valued at $2,374,000 after buying an additional 892 shares in the last quarter. Hedge funds and other institutional investors own 48.37% of the company’s stock.
Shenandoah Telecommunications Company Profile
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.