Shenandoah Telecommunications (NASDAQ:SHEN) Issues Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Shenandoah Telecommunications reported earnings of ($0.19) EPS, beating analysts' expectations of ($0.20) by $0.01, while revenues totaled $88.57 million against estimates of $89.94 million.
• The company's stock dropped $1.44 to $13.24, with a trading volume significantly higher than its average, and it has a market cap of $726.31 million.
• Major shareholders have been actively acquiring shares, with Ecp Controlco, LLC increasing its stake by 1.41% through a purchase of 36,238 shares at approximately $12.58 each.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) posted its earnings results on Thursday. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.01, Zacks reports. The company had revenue of $88.57 million during the quarter, compared to the consensus estimate of $89.94 million. Shenandoah Telecommunications had a negative net margin of 8.90% and a negative return on equity of 3.77%. Shenandoah Telecommunications updated its FY 2025 guidance to EPS.

Shenandoah Telecommunications Stock Performance

SHEN traded down $1.44 on Friday, reaching $13.24. The stock had a trading volume of 580,471 shares, compared to its average volume of 293,135. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $20.42. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The business's 50-day moving average price is $14.05 and its two-hundred day moving average price is $12.65. The company has a market cap of $726.31 million, a P/E ratio of -23.64 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SHEN shares. Wall Street Zen upgraded shares of Shenandoah Telecommunications from a "sell" rating to a "hold" rating in a research report on Saturday. BWS Financial reaffirmed a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, May 1st.

Insiders Place Their Bets

In other news, major shareholder Ecp Controlco, Llc acquired 36,238 shares of the business's stock in a transaction on Monday, June 2nd. The stock was bought at an average price of $12.58 per share, with a total value of $455,874.04. Following the completion of the acquisition, the insider owned 2,599,274 shares of the company's stock, valued at approximately $32,698,866.92. This represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Ecp Fiber Holdings Gp, Llc bought 32,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were bought at an average cost of $12.46 per share, with a total value of $398,720.00. Following the purchase, the insider directly owned 2,532,697 shares of the company's stock, valued at approximately $31,557,404.62. This represents a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 571,460 shares of company stock valued at $7,977,843 in the last ninety days. 4.51% of the stock is owned by corporate insiders.

Institutional Trading of Shenandoah Telecommunications

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in Shenandoah Telecommunications during the 1st quarter valued at about $76,000. Baird Financial Group Inc. purchased a new stake in Shenandoah Telecommunications during the 1st quarter valued at about $158,000. Caxton Associates LLP purchased a new stake in Shenandoah Telecommunications during the 1st quarter valued at about $194,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Shenandoah Telecommunications by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,964 shares of the utilities provider's stock valued at $364,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Shenandoah Telecommunications by 11.8% during the 1st quarter. Royal Bank of Canada now owns 37,008 shares of the utilities provider's stock valued at $465,000 after acquiring an additional 3,904 shares in the last quarter. Hedge funds and other institutional investors own 61.96% of the company's stock.

Shenandoah Telecommunications Company Profile

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.

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