Shenandoah Telecommunications (SHEN) Set to Announce Earnings on Thursday

Shenandoah Telecommunications (NASDAQ:SHEN) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Shenandoah Telecommunications to post earnings of ($0.07) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Shenandoah Telecommunications (NASDAQ:SHEN) last released 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). Shenandoah Telecommunications had a negative return on equity of 0.48% and a net margin of 68.81%. The firm had revenue of $85.80 million during the quarter, compared to analysts’ expectations of $86.12 million. 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 Price Performance

NASDAQ SHEN opened at $14.10 on Thursday. The firm’s fifty day simple moving average is $14.53 and its two-hundred day simple moving average is $15.97. 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 12-month low of $11.87 and a 12-month high of $25.51. The firm has a market capitalization of $769.44 million, a P/E ratio of 3.48 and a beta of 0.67.

Shenandoah Telecommunications Increases Dividend

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

Insider Activity

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

Analysts Set New Price Targets

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

Shenandoah Telecommunications Company Profile

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.