Shenandoah Telecommunications (SHEN) Stock Price, News & Analysis

Company Overview

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. This segment also leases dark fiber and provides Ethernet and wavelength fiber optic services to enterprise and wholesale customers under the Glo Fiber Enterprise and Glo Fiber Wholesale brand names; and provides voice data and DSL telephone services. The Tower segment owns macro cellular towers and leases colocation space to the wireless communications providers. Shenandoah Telecommunications Company was founded in 1902 and is based in Edinburg, Virginia.

Key Stats

• Today's Range: $12.41 to $12.85
• 50-Day Range: $12.46 to $16.40
• 52-Week Range: $11.87 to $23.56
• Volume: 211,850 shs
• Average Volume: 254,400 shs
• Market Capitalization: $680.32 million
• P/E Ratio: 3.20
• Dividend Yield: 0.80%
• Price Target: $26.00
• Consensus Rating: Buy

Shenandoah Telecommunications Stock Analysis - MarketRank™

Shenandoah Telecommunications scored higher than 84% of companies evaluated by MarketBeat, and ranked 27th out of 93 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Shenandoah Telecommunications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Shenandoah Telecommunications has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for Shenandoah Telecommunications are expected to remain at ($0.26) per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of Shenandoah Telecommunications is 3.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Shenandoah Telecommunications is 3.20, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.50.

Price to Book Value per Share Ratio

Shenandoah Telecommunications has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.57% of the float of Shenandoah Telecommunications has been sold short.

Short Interest Ratio / Days to Cover

Shenandoah Telecommunications has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Shenandoah Telecommunications has recently decreased by 5.19%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Shenandoah Telecommunications has a dividend yield of 0.78%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Shenandoah Telecommunications does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Shenandoah Telecommunications is 2.57%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.57% of the float of Shenandoah Telecommunications has been sold short.

Short Interest Ratio / Days to Cover

Shenandoah Telecommunications has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Shenandoah Telecommunications has recently decreased by 5.19%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.19

News Sentiment

Shenandoah Telecommunications has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Shenandoah Telecommunications this week, compared to 2 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Shenandoah Telecommunications insiders have bought more of their company's stock than they have sold. Specifically, they have bought $17,637.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 4.37% of the stock of Shenandoah Telecommunications is held by insiders.

Percentage Held by Institutions

61.96% of the stock of Shenandoah Telecommunications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SHEN Stock Analysis - Frequently Asked Questions

How have SHEN shares performed this year?

Shenandoah Telecommunications' stock was trading at $21.62 at the beginning of 2024. Since then, SHEN shares have decreased by 42.4% and is now trading at $12.46.
View the best growth stocks for 2024 here.

How were Shenandoah Telecommunications' earnings last quarter?

Shenandoah Telecommunications (NASDAQ:SHEN) announced its quarterly earnings data on Wednesday, February, 21st. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. The utilities provider earned $72.51 million during the quarter, compared to the consensus estimate of $71.85 million. Shenandoah Telecommunications had a negative trailing twelve-month return on equity of 1.45% and a net margin of 62.67%.

Who are Shenandoah Telecommunications' major shareholders?

Shenandoah Telecommunications' top institutional shareholders include State Street Corp (3.29%), Geode Capital Management LLC (2.06%), Charles Schwab Investment Management Inc. (1.09%) and Principal Financial Group Inc. (0.40%). Insiders that own company stock include Christopher E French, Edward H Mckay, W Flora John, James J Volk, Kenneth L Quaglio, Leigh Ann Schultz, Richard W Mason Jr, Heather K Tormey, Derek Rieger and Glenn E Lytle Jr.
View institutional ownership trends.

How do I buy shares of Shenandoah Telecommunications?

Shares of SHEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Shenandoah Telecommunications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shenandoah Telecommunications investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), Southern First Bancshares (SFST) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 2/21/2024
• Ex-Dividend for 12/2 Dividend: 11/05/2024
• Today: 11/21/2024
• Dividend Payable: 12/02/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Utilities
• Industry: Telephone communication, except radio
• Sub-Industry: Wireless Telecommunication Services
• Current Symbol: NASDAQ:SHEN
• CUSIP: 82312B10
• CIK: 354963
• Web: www.shentel.com
• Phone: (540) 984-4141
• Fax: 540-984-8192
• Employees: 840
• Year Founded: 1902

Price Target and Rating

• Average Stock Price Target: $26.00
• High Stock Price Target: $26.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: +108.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.89
• Trailing P/E Ratio: 3.20
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $8.04 million
• Net Margins: 62.67%
• Pretax Margin: -6.54%
• Return on Equity: -1.45%
• Return on Assets: -0.82%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 0.79
• Quick Ratio: 0.79

Sales & Book Value

• Annual Sales: $328.81 million
• Price / Sales: 2.07
• Cash Flow: $1.42 per share
• Price / Cash Flow: 8.77
• Book Value: $12.98 per share
• Price / Book: 0.96

Miscellaneous

• Outstanding Shares: 54,602,000
• Free Float: 52,216,000
• Market Cap: $680.34 million
• Optionable: Optionable
• Beta: 0.67