Shenandoah Telecommunications (SHEN) to Release Quarterly Earnings on Thursday

Shenandoah Telecommunications (NASDAQ:SHEN) is scheduled to be issuing 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. Parties interested in registering for the company’s conference call can do so using this link.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $85.80 million for the quarter, compared to the consensus estimate 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 Performance

SHEN opened at $14.44 on Wednesday. The stock has a market cap of $787.99 million, a PE ratio of 3.57 and a beta of 0.67. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. Shenandoah Telecommunications has a 1 year low of $11.87 and a 1 year high of $24.81. The stock’s 50 day simple moving average is $14.47 and its 200-day simple moving average is $15.96.

Shenandoah Telecommunications Increases Dividend

The business also recently declared an annual dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 5th will be paid a $0.10 dividend. 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. This represents a yield of 0.66%. Shenandoah Telecommunications’s payout ratio is currently 2.22%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHEN. BWS Financial reaffirmed a “buy” rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research note on Thursday, August 8th. StockNews.com raised Shenandoah Telecommunications to a “sell” rating in a research note on Tuesday, July 30th.

Insiders Place Their Bets

In other Shenandoah Telecommunications news, COO Edward H. Mckay acquired 2,000 shares of Shenandoah Telecommunications stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $14.15 per share, with a total value of $28,300.00. Following the completion of the purchase, the chief operating officer now owns 68,951 shares in the company, valued at $975,656.65. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Edward H. Mckay bought 2,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $14.15 per share, for a total transaction of $28,300.00. Following the completion of the transaction, the chief operating officer now directly owns 68,951 shares in the company, valued at $975,656.65. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christopher E. French bought 6,500 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $14.94 per share, with a total value of $97,110.00. Following the transaction, the chief executive officer now owns 346,394 shares of the company’s stock, valued at $5,175,126.36. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 14,700 shares of company stock valued at $212,745. 4.37% of the stock is currently owned by corporate insiders.

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.