BWS Financial Comments on Shenandoah Telecommunications’ Q2 2021 Earnings (NASDAQ:SHEN)


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Shenandoah Telecommunications (NASDAQ:SHEN) – BWS Financial boosted their Q2 2021 EPS estimates for shares of Shenandoah Telecommunications in a research note issued to investors on Tuesday, April 6th. BWS Financial analyst H. Khorsand now forecasts that the utilities provider will earn $0.86 per share for the quarter, up from their previous estimate of $0.74. BWS Financial has a “Neutral” rating and a $45.00 price objective on the stock.

SHEN has been the subject of a number of other reports. Zacks Investment Research raised shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Wednesday, March 10th. B. Riley lifted their price objective on shares of Shenandoah Telecommunications from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, December 10th.

NASDAQ:SHEN opened at $49.63 on Thursday. The business has a 50 day simple moving average of $47.73 and a 200-day simple moving average of $45.28. Shenandoah Telecommunications has a 1 year low of $38.77 and a 1 year high of $59.93. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 27.27 and a beta of 0.33.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Thursday, February 25th. The utilities provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.66). Shenandoah Telecommunications had a net margin of 16.88% and a return on equity of 11.44%. The business had revenue of $58.13 million during the quarter, compared to the consensus estimate of $57.00 million.

Hedge funds have recently modified their holdings of the stock. Vantage Consulting Group Inc bought a new position in Shenandoah Telecommunications in the fourth quarter worth approximately $38,000. Veriti Management LLC bought a new position in shares of Shenandoah Telecommunications in the 4th quarter worth $68,000. Capital Asset Advisory Services LLC purchased a new stake in shares of Shenandoah Telecommunications during the 4th quarter worth $194,000. Everence Capital Management Inc. purchased a new stake in shares of Shenandoah Telecommunications during the 1st quarter worth $226,000. Finally, Virtu Financial LLC acquired a new stake in Shenandoah Telecommunications in the 3rd quarter worth approximately $254,000. 53.40% of the stock is currently owned by institutional investors.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides wireless and broadband communication products and services in the United States. The company operates in three segments: Wireless, Broadband, and Tower. The Wireless segment provides wireless mobility communications network products.

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