Equities research analysts predict that Shenandoah Telecommunications (NASDAQ:SHEN) will post sales of $154.19 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Shenandoah Telecommunications’ earnings, with estimates ranging from $153.67 million to $154.71 million. Shenandoah Telecommunications posted sales of $155.57 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.9%. The firm is scheduled to announce its next quarterly earnings results on Monday, March 19th.
On average, analysts expect that Shenandoah Telecommunications will report full year sales of $154.19 million for the current year, with estimates ranging from $612.59 million to $613.63 million. For the next year, analysts anticipate that the business will post sales of $635.42 million per share, with estimates ranging from $632.92 million to $637.91 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Shenandoah Telecommunications.
Several research firms recently issued reports on SHEN. BidaskClub cut Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. TheStreet cut Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a report on Friday, November 10th. Zacks Investment Research cut Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. Finally, BWS Financial set a $50.00 price target on Shenandoah Telecommunications and gave the company a “buy” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $50.00.
Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its stake in shares of Shenandoah Telecommunications by 9.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,079 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 347 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Shenandoah Telecommunications in the 3rd quarter valued at approximately $138,000. Landscape Capital Management L.L.C. bought a new stake in shares of Shenandoah Telecommunications in the 4th quarter valued at approximately $176,000. Toronto Dominion Bank lifted its stake in shares of Shenandoah Telecommunications by 13.2% in the 2nd quarter. Toronto Dominion Bank now owns 6,636 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 776 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Shenandoah Telecommunications in the 3rd quarter valued at approximately $210,000. 48.42% of the stock is owned by institutional investors and hedge funds.
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About Shenandoah Telecommunications
Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.
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