Shenandoah Telecommunications (NASDAQ:SHEN) Issues Earnings Results

Shenandoah Telecommunications (NASDAQ:SHEN) posted 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 net margin of 62.67% and a negative return on equity of 1.45%.

Shenandoah Telecommunications Stock Performance

Shares of Shenandoah Telecommunications stock traded down $1.52 on Thursday, reaching $10.31. The stock had a trading volume of 110,894 shares, compared to its average volume of 188,598. The business’s 50-day moving average price is $12.03 and its two-hundred day moving average price is $13.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79. Shenandoah Telecommunications has a fifty-two week low of $9.77 and a fifty-two week high of $22.27. The stock has a market cap of $562.65 million, a P/E ratio of 2.65 and a beta of 0.61.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Wednesday, November 13th.

Shenandoah Telecommunications Company Profile

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.