Shenandoah Telecommunications (NASDAQ:SHEN) Issues Earnings Results

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) announced its earnings results on Thursday. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07), Zacks reports. The company had revenue of $85.41 million for the quarter, compared to the consensus estimate of $89.65 million. Shenandoah Telecommunications had a negative return on equity of 1.45% and a net margin of 62.67%.

Shenandoah Telecommunications Stock Performance

Shenandoah Telecommunications stock traded up $0.16 during trading on Friday, hitting $10.78. The stock had a trading volume of 365,651 shares, compared to its average volume of 210,013. Shenandoah Telecommunications has a 1 year low of $9.77 and a 1 year high of $21.89. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average is $11.97 and its two-hundred day moving average is $13.46. The stock has a market cap of $588.59 million, a price-to-earnings ratio of 2.77 and a beta of 0.61.

Analyst Ratings Changes

Separately, BWS Financial reissued a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Wednesday, November 13th.

About Shenandoah Telecommunications

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.