Equities research analysts expect Shenandoah Telecommunications (NASDAQ:SHEN) to announce earnings of $0.15 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Shenandoah Telecommunications’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.13. Shenandoah Telecommunications reported earnings of $0.07 per share during the same quarter last year, which indicates a positive year over year growth rate of 114.3%. The company is scheduled to announce its next earnings report on Thursday, November 1st.

On average, analysts expect that Shenandoah Telecommunications will report full year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.54 to $0.63. For the next year, analysts anticipate that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.82 to $1.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06. Shenandoah Telecommunications had a return on equity of 6.34% and a net margin of 12.60%. The company had revenue of $154.03 million during the quarter, compared to analyst estimates of $152.83 million.

Several equities research analysts recently weighed in on SHEN shares. TheStreet raised Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a report on Friday, August 24th. B. Riley started coverage on Shenandoah Telecommunications in a report on Thursday, September 13th. They issued a “buy” rating and a $46.00 price objective for the company. Zacks Investment Research raised Shenandoah Telecommunications from a “sell” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, August 11th. BidaskClub raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a report on Saturday, August 11th. Finally, ValuEngine raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Shenandoah Telecommunications has an average rating of “Buy” and a consensus target price of $45.67.

SHEN traded up $0.20 during trading hours on Thursday, hitting $37.75. The stock had a trading volume of 1,004 shares, compared to its average volume of 142,384. Shenandoah Telecommunications has a 1 year low of $29.92 and a 1 year high of $41.80. The firm has a market cap of $1.88 billion, a P/E ratio of 144.42 and a beta of 0.44. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.36 and a current ratio of 1.41.

In other Shenandoah Telecommunications news, VP Raymond B. Ostroski sold 5,000 shares of Shenandoah Telecommunications stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $38.75, for a total transaction of $193,750.00. Following the completion of the transaction, the vice president now owns 15,364 shares of the company’s stock, valued at approximately $595,355. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Raymond B. Ostroski sold 9,000 shares of Shenandoah Telecommunications stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $36.53, for a total value of $328,770.00. Following the transaction, the vice president now directly owns 24,364 shares of the company’s stock, valued at approximately $890,016.92. The disclosure for this sale can be found here. Insiders have sold a total of 27,215 shares of company stock valued at $985,657 in the last ninety days. Insiders own 6.84% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Shenandoah Telecommunications by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 46,763 shares of the utilities provider’s stock valued at $1,529,000 after acquiring an additional 1,495 shares during the last quarter. Swiss National Bank boosted its position in shares of Shenandoah Telecommunications by 3.4% during the 1st quarter. Swiss National Bank now owns 81,272 shares of the utilities provider’s stock valued at $2,926,000 after acquiring an additional 2,700 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Shenandoah Telecommunications by 30.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,814 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 3,007 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Shenandoah Telecommunications by 17.0% during the 2nd quarter. MetLife Investment Advisors LLC now owns 23,367 shares of the utilities provider’s stock valued at $764,000 after acquiring an additional 3,392 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Shenandoah Telecommunications by 4.5% during the 1st quarter. California Public Employees Retirement System now owns 104,795 shares of the utilities provider’s stock valued at $3,773,000 after acquiring an additional 4,508 shares during the last quarter. Hedge funds and other institutional investors own 46.91% of the company’s stock.

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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