Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) 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. Investors that wish to register for the company's conference call can do so using this link.
Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) 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). The firm had revenue of $85.80 million for the quarter, compared to analyst estimates of $86.12 million. Shenandoah Telecommunications had a negative return on equity of 0.48% and a net margin of 68.81%. 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 Trading Down 0.8 %
Shares of SHEN traded down $0.11 on Thursday, hitting $13.99. 92,068 shares of the stock traded hands, compared to its average volume of 191,846. The firm has a market capitalization of $763.46 million, a P/E ratio of 3.47 and a beta of 0.67. The company has a quick ratio of 0.89, a current 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 $25.51. The stock's 50 day moving average is $14.53 and its two-hundred day moving average is $15.97.
Shenandoah Telecommunications Increases Dividend
The firm also recently disclosed an annual dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.10 per share. This is a boost from Shenandoah Telecommunications's previous annual dividend of $0.09. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a dividend yield of 0.66%. Shenandoah Telecommunications's dividend payout ratio (DPR) is 2.47%.
Analyst Ratings Changes
A number of brokerages have issued reports on SHEN. BWS Financial reissued 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 shares of Shenandoah Telecommunications to a "sell" rating in a research report on Tuesday, July 30th.
Get Our Latest Report on SHEN
Insider Activity
In other Shenandoah Telecommunications news, CEO Christopher E. French acquired 5,000 shares of the company's stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $14.02 per share, for a total transaction of $70,100.00. Following the acquisition, the chief executive officer now directly owns 86,485 shares of the company's stock, valued at $1,212,519.70. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Edward H. Mckay bought 2,000 shares of the company's stock in a transaction on 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 transaction, the chief operating officer now directly owns 68,951 shares of the company's stock, valued at approximately $975,656.65. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher E. French bought 5,000 shares of the business's stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $14.02 per share, for a total transaction of $70,100.00. Following the completion of the purchase, the chief executive officer now directly owns 86,485 shares of the company's stock, valued at $1,212,519.70. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 14,700 shares of company stock worth $212,745. 4.37% of the stock is currently owned by company insiders.
About Shenandoah Telecommunications
(
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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.
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