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

Shenandoah Telecommunications (NASDAQ:SHEN) released its quarterly earnings data 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 1.45% and a net margin of 62.67%.

Shenandoah Telecommunications Stock Performance

Shares of SHEN traded down $1.89 during trading hours on Thursday, hitting $9.94. The stock had a trading volume of 210,916 shares, compared to its average volume of 191,837. The firm has a market capitalization of $542.45 million, a PE ratio of 2.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.79 and a quick ratio of 0.79. Shenandoah Telecommunications has a 12 month low of $9.77 and a 12 month high of $22.27. The stock has a fifty day moving average price of $12.03 and a 200 day moving average price of $13.48.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and issued a $26.00 price target 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.