Shenandoah Telecommunications - SHEN Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shenandoah Telecommunications in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SHEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHEN, but not buy additional shares or sell existing shares.
View SHEN analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12-month target prices for Shenandoah Telecommunications' shares. Their SHEN share price forecasts range from $16.00 to $25.00. On average, they anticipate the company's share price to reach $20.67 in the next year. This suggests that the stock has a possible downside of 14.9%.
View analysts price targets for SHEN or view top-rated stocks among Wall Street analysts.

Shenandoah Telecommunications' stock was trading at $25.50 at the start of the year. Since then, SHEN stock has decreased by 4.7% and is now trading at $24.29.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SHEN earnings forecast.

Shenandoah Telecommunications (NASDAQ:SHEN) released its earnings results on Thursday, October, 28th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.24. The utilities provider earned $62.24 million during the quarter, compared to analysts' expectations of $61.91 million. Shenandoah Telecommunications had a trailing twelve-month return on equity of 1.38% and a net margin of 348.88%. During the same quarter last year, the company earned $0.03 EPS.

Shenandoah Telecommunications declared an annual dividend on Wednesday, October 27th. Stockholders of record on Monday, November 8th will be given a dividend of $0.07 per share on Wednesday, December 1st. This represents a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 5th.
Read our dividend analysis for SHEN.

Shenandoah Telecommunications (NASDAQ:SHEN) pays an annual dividend of $0.07 per share and currently has a dividend yield of 0.29%. The dividend payout ratio is 0.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHEN will have a dividend payout ratio of 70.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHEN.

58 employees have rated Shenandoah Telecommunications Chief Executive Officer Chris French on Glassdoor.com. Chris French has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shenandoah Telecommunications investors own include Verizon Communications (VZ), AbbVie (ABBV), American International Group (AIG), Cisco Systems (CSCO), AT&T (T), Bristol-Myers Squibb (BMY), Dollar General (DG), Merck & Co., Inc. (MRK), Pfizer (PFE) and Target (TGT).

Shenandoah Telecommunications trades on the NASDAQ under the ticker symbol "SHEN."

Shenandoah Telecommunications' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (1.38%), Northern Trust Corp (1.03%), JPMorgan Chase & Co. (1.00%), Principal Financial Group Inc. (0.62%), Rhumbline Advisers (0.40%) and State of New Jersey Common Pension Fund D (0.21%). Insiders that own company stock include Christopher E French, David L Heimbach, Derek Rieger, Thomas A Whitaker and William L Pirtle.
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Shares of SHEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SHEN stock can currently be purchased for approximately $24.29.

Shenandoah Telecommunications (NASDAQ:SHEN) has a market capitalization of $1.22 billion and generates $245.24 million in revenue each year. The utilities provider earns $998.83 million in net income (profit) each year or $17.77 on an earnings per share basis.

The company employs 860 workers across the globe.

Shenandoah Telecommunications was founded in 1902.

Shenandoah Telecommunications' mailing address is 500 SHENTEL WAY, EDINBURG VA, 22824. The official website for the company is www.shentel.com. The utilities provider can be reached via phone at (540) 984-4141, via email at jnesbett@institutionalms.com, or via fax at 540-984-8192.