Shenandoah Telecommunications - SHEN Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shenandoah Telecommunications in the last year. 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 Wall Street research analysts have issued 1-year target prices for Shenandoah Telecommunications' stock. Their SHEN share price forecasts range from $16.00 to $25.00. On average, they expect the company's stock price to reach $20.67 in the next year. This suggests that the stock has a possible downside of 11.0%.
View analysts price targets for SHEN or view top-rated stocks among Wall Street analysts.

Shenandoah Telecommunications' stock was trading at $25.50 on January 1st, 2022. Since then, SHEN stock has decreased by 9.0% and is now trading at $23.21.
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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) posted its quarterly earnings data on Thursday, October, 28th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.24. The utilities provider had revenue of $62.24 million for the quarter, compared to analyst estimates of $61.91 million. Shenandoah Telecommunications had a net margin of 348.88% and a trailing twelve-month return on equity of 1.38%. During the same quarter in the prior year, the business earned $0.03 earnings per share.

Shenandoah Telecommunications announced an annual dividend on Wednesday, October 27th. Stockholders of record on Monday, November 8th will be paid 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 0.30%. 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 JPMorgan Chase & Co. (1.00%), Principal Financial Group Inc. (0.62%), Rhumbline Advisers (0.40%), State of New Jersey Common Pension Fund D (0.21%), Assenagon Asset Management S.A. (0.20%) and CWM LLC (0.18%). 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 $23.21.

Shenandoah Telecommunications (NASDAQ:SHEN) has a market capitalization of $1.16 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.