Shenandoah Telecommunications (NASDAQ:SHEN) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Shenandoah Telecommunications (NASDAQ:SHEN) released its earnings results on Thursday. The utilities provider reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.10, FiscalAI reports. The firm had revenue of $91.59 million for the quarter, compared to the consensus estimate of $90.03 million. Shenandoah Telecommunications had a negative return on equity of 4.25% and a negative net margin of 9.98%.

Here are the key takeaways from Shenandoah Telecommunications’ conference call:

• Shentel significantly expanded its fiber footprint in 2025, passing about 427,000 homes and businesses (up 81,000) and growing Glo Fiber data RGUs 35% to 88,000, with fiber-based lines surpassing incumbent broadband revenue in Q4.
• The company completed a refinancing into an ABS-backed structure, lowering its weighted average interest rate to ~5.75% (down ~172 bps) and reducing cash interest by roughly $11 million annually, while extending maturities to 2030.
• Management guided 2026 revenues of $370M–$377M and adjusted EBITDA of $131M–$136M and reiterated a plan to reach positive free cash flow in 2027, driven by lower capital intensity and continued fiber EBITDA growth.
• Shentel paused investments in certain Ohio markets because aerial make‑ready costs rose 2–3x, reducing targeted passings where returns would fall below its ~15% hurdle, which trims near‑term expansion opportunity.
• The company announced a workforce reduction of ~10%, expecting ~$3.1 million of restructuring charges and about $12.3 million of annual savings beginning in 2027 as staffing is aligned with the end of major construction.

Shenandoah Telecommunications Stock Performance

Shares of NASDAQ SHEN traded up $0.41 during midday trading on Thursday, reaching $13.96. 365,785 shares of the company were exchanged, compared to its average volume of 285,850. Shenandoah Telecommunications has a 1 year low of $9.66 and a 1 year high of $15.84. The stock has a fifty day simple moving average of $11.93 and a 200 day simple moving average of $12.25. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The stock has a market cap of $766.38 million, a P/E ratio of -22.16 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. ECP ControlCo LLC increased its position in Shenandoah Telecommunications by 2.4% during the 4th quarter. ECP ControlCo LLC now owns 3,457,105 shares of the utilities provider’s stock worth $39,964,000 after purchasing an additional 79,872 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Shenandoah Telecommunications by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,639,113 shares of the utilities provider’s stock valued at $35,416,000 after purchasing an additional 39,653 shares in the last quarter. State Street Corp boosted its holdings in Shenandoah Telecommunications by 1.7% during the fourth quarter. State Street Corp now owns 1,927,155 shares of the utilities provider’s stock worth $22,278,000 after buying an additional 31,375 shares in the last quarter. Millennium Management LLC lifted its position in shares of Shenandoah Telecommunications by 1,116.6% during the 4th quarter. Millennium Management LLC now owns 1,087,246 shares of the utilities provider’s stock valued at $12,569,000 after acquiring an additional 997,882 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Shenandoah Telecommunications by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 796,076 shares of the utilities provider’s stock worth $9,203,000 after acquiring an additional 59,443 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Shenandoah Telecommunications in a research note on Thursday, January 22nd. BWS Financial reiterated a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a report on Friday, October 31st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.00.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.