Shenandoah Telecommunications (NASDAQ:SHEN) Issues Quarterly Earnings Results

Shenandoah Telecommunications (NASDAQ:SHEN) issued its earnings results on Thursday. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07), Zacks reports. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. The company had revenue of $85.41 million during the quarter, compared to analyst estimates of $89.65 million.

Shenandoah Telecommunications Price Performance

SHEN stock opened at $10.78 on Friday. The business’s fifty day moving average price is $11.97 and its 200 day moving average price is $13.46. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $21.89. The company has a market capitalization of $588.59 million, a PE ratio of 2.84 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and set 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.