BWS Financial Weighs in on Shenandoah Telecommunications Co’s Q3 2018 Earnings (SHEN)

Shenandoah Telecommunications Co (NASDAQ:SHEN) – Equities researchers at BWS Financial issued their Q3 2018 earnings estimates for shares of Shenandoah Telecommunications in a research report issued to clients and investors on Thursday. BWS Financial analyst H. Khorsand anticipates that the utilities provider will earn $0.12 per share for the quarter. BWS Financial also issued estimates for Shenandoah Telecommunications’ Q4 2018 earnings at $0.12 EPS.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Shenandoah Telecommunications had a negative net margin of 0.89% and a positive return on equity of 5.43%. The firm had revenue of $153.30 million during the quarter, compared to the consensus estimate of $153.83 million. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis.

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SHEN has been the subject of a number of other reports. TheStreet cut shares of Shenandoah Telecommunications from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Zacks Investment Research cut shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub cut shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Shenandoah Telecommunications currently has an average rating of “Hold” and an average price target of $34.67.

Shares of Shenandoah Telecommunications (NASDAQ SHEN) traded up 1.11% during mid-day trading on Monday, reaching $36.50. 46,484 shares of the company’s stock were exchanged. The stock’s market cap is $1.79 billion. The stock’s 50-day moving average is $30.28 and its 200-day moving average is $29.47. Shenandoah Telecommunications has a 52-week low of $22.05 and a 52-week high of $38.73.

A number of institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Shenandoah Telecommunications during the first quarter worth approximately $105,000. SG Americas Securities LLC bought a new position in Shenandoah Telecommunications during the first quarter worth approximately $105,000. Toronto Dominion Bank boosted its position in Shenandoah Telecommunications by 4.1% in the first quarter. Toronto Dominion Bank now owns 5,860 shares of the utilities provider’s stock worth $165,000 after buying an additional 230 shares during the period. BNP Paribas Arbitrage SA boosted its position in Shenandoah Telecommunications by 790.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,521 shares of the utilities provider’s stock worth $169,000 after buying an additional 4,901 shares during the period. Finally, Alpha Omega Wealth Management LLC boosted its position in Shenandoah Telecommunications by 5.5% in the second quarter. Alpha Omega Wealth Management LLC now owns 5,800 shares of the utilities provider’s stock worth $178,000 after buying an additional 300 shares during the period. 49.61% of the stock is owned by hedge funds and other institutional investors.

In other Shenandoah Telecommunications news, VP Raymond B. Ostroski sold 3,000 shares of Shenandoah Telecommunications stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $31.75, for a total transaction of $95,250.00. Following the completion of the transaction, the vice president now directly owns 21,621 shares of the company’s stock, valued at $686,466.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.24% of the company’s stock.

Shenandoah Telecommunications Company Profile

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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