Shenandoah Telecommunications (SHEN) Set to Announce Quarterly Earnings on Friday

Shenandoah Telecommunications (NASDAQ:SHEN) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Shenandoah Telecommunications to post earnings of ($0.02) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $72.51 million during the quarter, compared to the consensus estimate of $71.85 million. Shenandoah Telecommunications had a net margin of 2.80% and a return on equity of 1.24%. During the same period last year, the firm posted ($0.04) EPS. 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

Shares of Shenandoah Telecommunications stock opened at $12.92 on Thursday. Shenandoah Telecommunications has a 1-year low of $12.74 and a 1-year high of $25.51. The firm’s 50-day moving average price is $16.54 and its two-hundred day moving average price is $19.85. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $651.81 million, a price-to-earnings ratio of 80.76 and a beta of 0.52.

Wall Street Analyst Weigh In

Separately, BWS Financial upgraded shares of Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, March 4th.

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.