Shenandoah Telecommunications (NASDAQ:SHEN) Posts Earnings Results, Misses Expectations By $0.07 EPS

Shenandoah Telecommunications (NASDAQ:SHEN) posted its earnings results on Thursday. The utilities provider reported ($0.11) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $89.65 million.

Shenandoah Telecommunications Stock Up 1.5 %

Shares of NASDAQ SHEN opened at $10.78 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. Shenandoah Telecommunications has a 52-week low of $9.77 and a 52-week high of $21.89. The firm has a market cap of $588.59 million, a price-to-earnings ratio of 2.84 and a beta of 0.61. The company’s 50-day simple moving average is $11.97 and its 200-day simple moving average is $13.46.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a research note 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.