Shenandoah Telecommunications (SHEN) to Release Quarterly Earnings on Thursday

Shenandoah Telecommunications (NASDAQ:SHEN) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $85.80 million for the quarter, compared to analyst estimates of $86.12 million. Shenandoah Telecommunications had a net margin of 68.81% and a negative return on equity of 0.48%. On average, analysts expect Shenandoah Telecommunications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shenandoah Telecommunications Stock Up 2.0 %

Shares of Shenandoah Telecommunications stock opened at $14.44 on Wednesday. The firm has a market cap of $787.99 million, a price-to-earnings ratio of 3.57 and a beta of 0.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89. Shenandoah Telecommunications has a 52-week low of $11.87 and a 52-week high of $24.81. The stock has a 50-day simple moving average of $14.47 and a 200-day simple moving average of $15.96.

Shenandoah Telecommunications Increases Dividend

The company also recently declared an annual dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.10 per share. This represents a dividend yield of 0.66%. This is a positive change from Shenandoah Telecommunications’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Tuesday, November 5th. Shenandoah Telecommunications’s payout ratio is currently 2.22%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SHEN. BWS Financial reiterated a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a report on Thursday, August 8th. StockNews.com upgraded Shenandoah Telecommunications to a “sell” rating in a report on Tuesday, July 30th.

Insider Activity at Shenandoah Telecommunications

In related news, CEO Christopher E. French acquired 6,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $14.94 per share, with a total value of $97,110.00. Following the purchase, the chief executive officer now owns 346,394 shares of the company’s stock, valued at approximately $5,175,126.36. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Christopher E. French acquired 6,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $14.94 per share, with a total value of $97,110.00. Following the purchase, the chief executive officer now owns 346,394 shares of the company’s stock, valued at approximately $5,175,126.36. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher E. French acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $14.02 per share, for a total transaction of $70,100.00. Following the completion of the purchase, the chief executive officer now directly owns 86,485 shares in the company, valued at $1,212,519.70. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 14,700 shares of company stock valued at $212,745. Corporate insiders own 4.37% of the company’s stock.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.