Zacks: Analysts Expect Shenandoah Telecommunications (SHEN) to Announce $0.04 EPS
Wall Street analysts expect Shenandoah Telecommunications (NASDAQ:SHEN) to post $0.04 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Shenandoah Telecommunications’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.05. Shenandoah Telecommunications reported earnings of $0.13 per share during the same quarter last year, which would indicate a negative year over year growth rate of 69.2%. The business is expected to issue its next earnings report on Monday, March 19th.
According to Zacks, analysts expect that Shenandoah Telecommunications will report full year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.16. For the next fiscal year, analysts expect that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.36 to $0.37. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Shenandoah Telecommunications.
Several research firms have recently commented on SHEN. BidaskClub lowered Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. TheStreet lowered Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a report on Friday, November 10th. Zacks Investment Research lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. Finally, BWS Financial set a $50.00 target price on Shenandoah Telecommunications and gave the company a “buy” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. Shenandoah Telecommunications currently has an average rating of “Hold” and a consensus price target of $50.00.
Shenandoah Telecommunications (NASDAQ:SHEN) traded up $0.10 during trading hours on Monday, hitting $33.00. The stock had a trading volume of 74,305 shares, compared to its average volume of 81,991. The company has a market capitalization of $1,620.81, a price-to-earnings ratio of 275.00 and a beta of 0.75. Shenandoah Telecommunications has a 52 week low of $25.50 and a 52 week high of $41.80. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.34 and a quick ratio of 1.28.
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About Shenandoah Telecommunications
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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