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

Shenandoah Telecommunications (NASDAQ:SHEN) issued its quarterly earnings results on Thursday. The utilities provider reported ($0.11) earnings per share (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 Down 15.9 %

Shenandoah Telecommunications stock traded down $1.89 during mid-day trading on Thursday, reaching $9.94. The stock had a trading volume of 210,916 shares, compared to its average volume of 191,837. The company has a market capitalization of $542.45 million, a price-to-earnings 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 one year low of $9.77 and a one year high of $22.27. The company has a 50-day moving average price of $12.03 and a two-hundred day moving average price of $13.48.

Analysts Set New Price Targets

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