Equities research analysts forecast that Shenandoah Telecommunications (NASDAQ:SHEN) will report $160.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Shenandoah Telecommunications’ earnings, with estimates ranging from $159.00 million to $162.46 million. Shenandoah Telecommunications reported sales of $151.62 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The business is expected to announce its next earnings results on Thursday, March 21st.

On average, analysts expect that Shenandoah Telecommunications will report full-year sales of $627.30 million for the current fiscal year, with estimates ranging from $625.32 million to $629.00 million. For the next year, analysts anticipate that the business will report sales of $665.18 million, with estimates ranging from $655.52 million to $676.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Shenandoah Telecommunications.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.16. The business had revenue of $158.73 million for the quarter, compared to analysts’ expectations of $156.14 million. Shenandoah Telecommunications had a return on equity of 8.73% and a net margin of 14.41%.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Shenandoah Telecommunications from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a report on Thursday, November 15th. BidaskClub upgraded Shenandoah Telecommunications from a “buy” rating to a “strong-buy” rating in a report on Friday, October 19th. B. Riley set a $50.00 target price on Shenandoah Telecommunications and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, ValuEngine upgraded Shenandoah Telecommunications from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 10th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Shenandoah Telecommunications has a consensus rating of “Buy” and an average price target of $50.33.

NASDAQ:SHEN traded down $1.10 during trading hours on Friday, reaching $48.28. 1,192 shares of the company traded hands, compared to its average volume of 263,411. The stock has a market cap of $2.39 billion, a PE ratio of 185.23 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.46 and a current ratio of 1.50. Shenandoah Telecommunications has a 1-year low of $29.92 and a 1-year high of $51.41.

In other Shenandoah Telecommunications news, SVP William L. Pirtle sold 20,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $46.43, for a total transaction of $928,600.00. Following the transaction, the senior vice president now owns 30,416 shares of the company’s stock, valued at approximately $1,412,214.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Thomas A. Whitaker sold 3,000 shares of the stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $42.60, for a total value of $127,800.00. Following the transaction, the senior vice president now directly owns 26,810 shares in the company, valued at approximately $1,142,106. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,244 shares of company stock worth $1,833,738. Corporate insiders own 6.84% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. TIAA CREF Investment Management LLC grew its stake in Shenandoah Telecommunications by 0.4% in the third quarter. TIAA CREF Investment Management LLC now owns 104,166 shares of the utilities provider’s stock worth $4,036,000 after purchasing an additional 428 shares in the last quarter. Federated Investors Inc. PA grew its stake in Shenandoah Telecommunications by 83.2% in the third quarter. Federated Investors Inc. PA now owns 92,873 shares of the utilities provider’s stock worth $3,599,000 after purchasing an additional 42,189 shares in the last quarter. Teachers Advisors LLC grew its stake in Shenandoah Telecommunications by 2.1% in the third quarter. Teachers Advisors LLC now owns 89,774 shares of the utilities provider’s stock worth $3,479,000 after purchasing an additional 1,886 shares in the last quarter. Captrust Financial Advisors acquired a new position in Shenandoah Telecommunications in the third quarter worth about $123,000. Finally, AQR Capital Management LLC grew its stake in Shenandoah Telecommunications by 7.2% in the third quarter. AQR Capital Management LLC now owns 84,335 shares of the utilities provider’s stock worth $3,268,000 after purchasing an additional 5,639 shares in the last quarter. 47.02% of the stock is currently owned by institutional investors and hedge funds.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.

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