Symbols / SHEN Stock $16.12 +1.32% Shenandoah Telecommunications Company

Communication Services • Telecom Services • United States • NMS
SHEN (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Telecom Services
CEO Mr. Edward H. McKay
Exch · Country NMS · United States
Market Cap 891.79M
Enterprise Value 1.65B
Income -46.12M
Sales 362.11M
FCF (ttm) -261.30M
Book/sh 15.68
Cash/sh 0.79
Employees 1,041
Insider 10d —
IPO Apr 26, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 128.57%
P/E —
Forward P/E -15.96
PEG 0.87
P/S 2.46
P/B 1.03
P/C —
EV/EBITDA 14.63
EV/Sales 4.55
Quick Ratio 0.70
Current Ratio 1.12
Debt/Eq 74.17
LT Debt/Eq —
EPS (ttm) -0.83
EPS next Y -1.01
EPS Growth —
Revenue Growth 4.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-05-01
ROA -0.81%
ROE -4.05%
ROIC —
Gross Margin 64.40%
Oper. Margin -8.71%
Profit Margin -12.73%
Shs Outstand 55.32M
Shs Float 44.94M
Insider Own 4.97%
Instit Own 73.81%
Short Float 6.13%
Short Ratio 6.74
Short Interest 2.59M
52W High 17.35
vs 52W High -7.09%
52W Low 9.67
vs 52W Low 66.70%
Beta 0.60
Impl. Vol. 45.24%
Rel Volume 0.87
Avg Volume 305.58K
Volume 265.83K
Target (mean) $27.50
Tgt Median $27.50
Tgt Low $26.00
Tgt High $29.00
# Analysts 2
Recom None
Prev Close $15.91
Price $16.12
Change 1.32%
About

Shenandoah Telecommunications Company, together with its subsidiaries, provides broadband services and video and voice services in the United States. The company offers broadband internet, video, and voice services; high-speed Ethernet and dark fiber leasing services; and managed network services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, Kentucky, Delaware, Ohio, and Indiana through fiber optics under the brand name of Glo Fiber and hybrid fiber coaxial cable under the Shentel brand name. It also provides Ethernet and wavelength fiber optic services to enterprise and wholesale customers under the Glo Fiber Business brand names; and DSL telephone services. The company was founded in 1902 and is based in Edinburg, Virginia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$27.50
Mean price target
2. Current target
$16.12
Latest analyst target
3. DCF / Fair value
$-85.02
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$16.12
Low
$26.00
High
$29.00
Mean
$27.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-04 main BWS Financial Buy → Buy $26
2026-03-02 main BWS Financial Buy → Buy $26
2025-10-31 main BWS Financial Buy → Buy $26
2025-05-01 main BWS Financial Buy → Buy $26
2025-02-25 main BWS Financial Buy → Buy $26
2024-11-13 main BWS Financial Buy → Buy $26
2024-08-08 main BWS Financial Buy → Buy $26
2024-05-06 main BWS Financial Buy → Buy $26
2023-10-26 main B. Riley Securities Neutral → Neutral $24
2023-08-04 up BWS Financial Sell → Neutral $20
2022-11-07 main BWS Financial — → Sell $15
2022-06-28 down Raymond James Strong Buy → Market Perform —
2022-05-03 up Raymond James Outperform → Strong Buy $25
2022-05-02 down B. Riley Securities Buy → Neutral $21
2022-03-02 down BWS Financial Neutral → Sell $16
2022-03-02 main Raymond James — → Outperform $25
2021-12-14 up Raymond James Market Perform → Outperform $29
2021-08-18 up B. Riley Securities Neutral → Buy $41
2021-08-04 up Raymond James Underperform → Market Perform —
2021-07-07 down Raymond James Market Perform → Underperform —
News
RSS: Latest SHEN news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-01 QUAGLIO KENNETH L. Director — 26 $15.95 $417
2026-06-01 BARNES VICTOR CHRISTOPHER Director — 51 $15.95 $817
2026-06-01 RHYMES MICHAEL ANTHONY Director — 31 $15.95 $500
2026-06-01 KOONTZ RICHARD L JR Director — 31 $15.95 $500
2026-06-01 BECKETT THOMAS A Director — 25 $15.95 $400
2026-06-01 SCHULTZ LEIGH ANN Director — 41 $15.95 $667
2026-05-04 QUAGLIO KENNETH L. Director — 39 $15.73 $625
2026-05-04 BARNES VICTOR CHRISTOPHER Director — 51 $15.73 $817
2026-05-04 RHYMES MICHAEL ANTHONY Director — 31 $15.73 $500
2026-05-04 KOONTZ RICHARD L JR Director — 31 $15.73 $500
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
357.85
+9.08%
328.06
+21.90%
269.13
+8.12%
248.91
Operating Revenue
357.85
+9.08%
328.06
+21.90%
269.13
+8.12%
248.91
Cost Of Revenue
130.12
+1.57%
128.11
+27.03%
100.85
-1.40%
102.28
Reconciled Cost Of Revenue
130.12
+1.26%
128.49
+24.27%
103.40
+1.10%
102.28
Gross Profit
227.74
+13.90%
199.95
+18.82%
168.28
+14.76%
146.63
Operating Expense
249.80
+16.71%
214.03
+29.54%
165.22
+4.84%
157.60
Selling General And Administration
118.19
+2.60%
115.19
+16.00%
99.30
+8.99%
91.11
Total Expenses
379.92
+11.04%
342.14
+28.59%
266.07
+2.39%
259.88
Operating Income
-22.06
-56.68%
-14.08
-560.65%
3.06
+127.88%
-10.96
Total Operating Income As Reported
-23.24
+18.73%
-28.59
-20234.51%
0.14
+100.81%
-17.46
EBITDA
115.13
+50.10%
76.70
+7.06%
71.65
+45.50%
49.24
Normalized EBITDA
116.30
+27.51%
91.21
+22.33%
74.56
+33.79%
55.73
Reconciled Depreciation
131.61
+33.68%
98.45
+55.37%
63.37
-4.69%
66.48
EBIT
-16.48
+25.52%
-22.13
-486.28%
5.73
+133.23%
-17.24
Total Unusual Items
-1.17
+91.92%
-14.51
-397.74%
-2.92
+55.10%
-6.49
Total Unusual Items Excluding Goodwill
-1.17
+91.92%
-14.51
-397.74%
-2.92
+55.10%
-6.49
Special Income Charges
-1.17
+91.92%
-14.51
-397.74%
-2.92
+55.10%
-6.49
Impairment Of Capital Assets
—
—
—
5.24
Restructuring And Mergern Acquisition
1.17
-91.92%
14.51
+397.74%
2.92
+133.01%
1.25
Write Off
—
0.38
-85.03%
2.55
-51.31%
5.24
Net Income
-32.94
-117.00%
193.82
+2311.26%
8.04
+195.93%
-8.38
Pretax Income
-41.86
-10.07%
-38.03
-2606.72%
1.52
+108.06%
-18.82
Net Non Operating Interest Income Expense
-25.37
-59.62%
-15.90
-277.42%
-4.21
-167.09%
-1.58
Interest Expense Non Operating
25.37
+59.62%
15.90
+277.42%
4.21
+167.09%
1.58
Net Interest Income
-25.37
-59.62%
-15.90
-277.42%
-4.21
-167.09%
-1.58
Interest Expense
25.37
+59.62%
15.90
+277.42%
4.21
+167.09%
1.58
Other Income Expense
5.58
+169.36%
-8.05
-401.20%
2.67
+142.57%
-6.28
Other Non Operating Income Expenses
6.75
+4.55%
6.46
+15.64%
5.59
+2498.60%
0.21
Tax Provision
-8.91
+7.83%
-9.67
-2030.14%
0.50
+114.74%
-3.40
Tax Rate For Calcs
0.00
-16.14%
0.00
-23.03%
0.00
+82.32%
0.00
Tax Effect Of Unusual Items
-0.25
+93.22%
-3.69
-283.11%
-0.96
+18.14%
-1.18
Net Income Including Noncontrolling Interests
-32.94
-117.00%
193.82
+2311.26%
8.04
+195.93%
-8.38
Net Income From Continuing Operation Net Minority Interest
-32.94
-16.17%
-28.36
-2891.04%
1.02
+106.59%
-15.42
Net Income From Continuing And Discontinued Operation
-32.94
-117.00%
193.82
+2311.26%
8.04
+195.93%
-8.38
Net Income Continuous Operations
-32.94
-16.17%
-28.36
-2891.04%
1.02
+106.59%
-15.42
Net Income Discontinuous Operations
0.00
-100.00%
222.17
+3063.97%
7.02
-0.24%
7.04
Normalized Income
-32.02
-82.62%
-17.53
-690.54%
2.97
+129.39%
-10.10
Net Income Common Stockholders
-39.39
-120.69%
190.39
+2268.60%
8.04
+195.93%
-8.38
Otherunder Preferred Stock Dividend
6.45
+88.07%
3.43
0.00
0.00
Diluted EPS
-0.71
-120.06%
3.54
+2112.50%
0.16
+194.12%
-0.17
Basic EPS
-0.71
-120.06%
3.54
+2112.50%
0.16
+194.12%
-0.17
Basic Average Shares
55.10
+2.57%
53.72
+6.60%
50.40
+0.48%
50.16
Diluted Average Shares
55.10
+2.57%
53.72
+5.93%
50.72
+1.12%
50.16
Diluted NI Availto Com Stockholders
-39.39
-120.69%
190.39
+2268.60%
8.04
+195.93%
-8.38
Depreciation Amortization Depletion Income Statement
131.61
+33.16%
98.83
+49.93%
65.92
-0.85%
66.48
Depreciation And Amortization In Income Statement
131.61
+33.16%
98.83
+49.93%
65.92
-0.85%
66.48
Line Item Trend 2023-12-31
Total Assets
1,214.23
Current Assets
176.07
Cash Cash Equivalents And Short Term Investments
139.25
Cash And Cash Equivalents
139.25
Other Short Term Investments
—
Receivables
24.47
Accounts Receivable
19.78
Gross Accounts Receivable
20.67
Allowance For Doubtful Accounts Receivable
-0.89
Taxes Receivable
4.69
Prepaid Assets
5.16
Current Deferred Assets
2.67
Restricted Cash
—
Assets Held For Sale Current
0.56
Hedging Assets Current
1.44
Other Current Assets
2.51
Total Non Current Assets
1,038.16
Net PPE
863.36
Gross PPE
1,340.84
Accumulated Depreciation
-477.48
Properties
0.00
Land And Improvements
8.12
Buildings And Improvements
42.87
Machinery Furniture Equipment
331.60
Construction In Progress
145.62
Other Properties
812.64
Goodwill And Other Intangible Assets
81.12
Goodwill
3.24
Other Intangible Assets
77.88
Investments And Advances
13.20
Non Current Deferred Assets
5.96
Non Current Prepaid Assets
—
Other Non Current Assets
73.72
Total Liabilities Net Minority Interest
561.56
Current Liabilities
98.36
Payables And Accrued Expenses
56.76
Payables
53.55
Accounts Payable
53.55
Current Accrued Expenses
3.21
Employee Benefits
3.94
Pensionand Other Post Retirement Benefit Plans Current
11.75
Total Tax Payable
—
Income Tax Payable
—
Current Debt And Capital Lease Obligation
9.32
Current Debt
7.09
Other Current Borrowings
7.09
Current Capital Lease Obligation
2.22
Current Deferred Liabilities
12.39
Current Deferred Revenue
12.39
Other Current Liabilities
8.14
Total Non Current Liabilities Net Minority Interest
463.20
Liabilities Heldfor Sale Non Current
54.21
Long Term Debt And Capital Lease Obligation
301.38
Long Term Debt
292.80
Long Term Capital Lease Obligation
8.58
Long Term Provisions
10.07
Non Current Pension And Other Postretirement Benefit Plans
3.94
Non Current Deferred Liabilities
102.82
Non Current Deferred Revenue
14.67
Non Current Deferred Taxes Liabilities
88.15
Other Non Current Liabilities
0.85
Stockholders Equity
652.67
Common Stock Equity
652.67
Capital Stock
0.00
Common Stock
0.00
Share Issued
50.27
Ordinary Shares Number
50.27
Treasury Shares Number
0.00
Additional Paid In Capital
66.93
Retained Earnings
584.07
Gains Losses Not Affecting Retained Earnings
1.67
Minority Interest
0.00
Other Equity Adjustments
1.67
Total Equity Gross Minority Interest
652.67
Total Capitalization
945.47
Working Capital
77.72
Invested Capital
952.57
Total Debt
310.70
Net Debt
160.64
Capital Lease Obligations
10.80
Net Tangible Assets
571.55
Tangible Book Value
571.55
Financial Assets
0.80
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
101.00
+61.42%
62.57
-45.01%
113.77
+51.91%
74.89
Cash Flow From Continuing Operating Activities
103.27
+48.85%
69.38
-33.50%
104.33
+59.46%
65.43
Cash From Discontinued Operating Activities
-2.27
+66.63%
-6.81
-172.13%
9.44
-0.25%
9.47
Net Income From Continuing Operations
-32.94
-16.17%
-28.36
-2891.04%
1.02
+106.59%
-15.42
Depreciation Amortization Depletion
131.61
+33.68%
98.45
+55.37%
63.37
-4.69%
66.48
Depreciation
129.68
+33.81%
96.91
+54.12%
62.88
-4.38%
65.76
Amortization Cash Flow
1.94
+25.31%
1.54
+215.31%
0.49
-32.32%
0.72
Depreciation And Amortization
131.61
+33.68%
98.45
+55.37%
63.37
-4.69%
66.48
Amortization Of Intangibles
1.94
+25.31%
1.54
+215.31%
0.49
-32.32%
0.72
Other Non Cash Items
-0.05
-108.31%
0.63
+235.50%
-0.46
-192.59%
0.50
Stock Based Compensation
9.59
-2.51%
9.84
-1.95%
10.03
+17.65%
8.53
Provisionand Write Offof Assets
1.45
-31.89%
2.13
-25.25%
2.85
+44.62%
1.97
Asset Impairment Charge
0.00
-100.00%
0.38
-85.03%
2.55
-51.31%
5.24
Deferred Tax
-9.46
+3.03%
-9.76
-428.25%
2.97
+310.25%
-1.41
Deferred Income Tax
-9.46
+3.03%
-9.76
-428.25%
2.97
+310.25%
-1.41
Operating Gains Losses
—
—
-1.33
—
Gain Loss On Sale Of PPE
0.00
0.00
+100.00%
-1.33
0.00
Change In Working Capital
3.07
+178.12%
-3.94
-116.87%
23.33
+5127.16%
-0.46
Change In Receivables
0.41
+116.84%
-2.45
-1614.69%
-0.14
+75.47%
-0.58
Changes In Account Receivables
0.41
+116.84%
-2.45
-1614.69%
-0.14
+75.47%
-0.58
Change In Payables And Accrued Expense
1.03
+145.94%
-2.24
+24.30%
-2.96
-3845.57%
0.08
Change In Payable
1.03
+145.94%
-2.24
+24.30%
-2.96
-3845.57%
0.08
Change In Account Payable
1.03
+145.94%
-2.24
+24.30%
-2.96
-3845.57%
0.08
Change In Other Working Capital
2.50
-37.89%
4.03
-81.32%
21.55
+7096.43%
-0.31
Change In Other Current Assets
-0.87
+73.44%
-3.27
-166.98%
4.88
+1302.01%
0.35
Change In Other Current Liabilities
—
—
-3.10
+43.37%
-5.47
Investing Cash Flow
-294.66
+13.18%
-339.41
-43.40%
-236.69
-28.51%
-184.18
Cash Flow From Continuing Investing Activities
-294.66
+54.33%
-645.23
-174.32%
-235.21
-28.14%
-183.56
Cash From Discontinued Investing Activities
0.00
-100.00%
305.83
+20763.99%
-1.48
-138.71%
-0.62
Capital Expenditure
-358.92
-12.49%
-319.07
-25.09%
-255.07
-34.97%
-188.99
Capital Expenditure Reported
-358.92
-12.49%
-319.07
-25.09%
-255.07
-34.97%
-188.99
Net Business Purchase And Sale
-5.00
+98.56%
-347.41
0.00
0.00
Purchase Of Business
-5.00
+98.56%
-347.41
0.00
0.00
Net Intangibles Purchase And Sale
0.00
0.00
-100.00%
17.30
0.00
Net Other Investing Changes
69.25
+225.94%
21.25
+730.32%
2.56
-52.87%
5.43
Financing Cash Flow
195.60
+6.39%
183.86
-15.71%
218.11
+216.10%
69.00
Cash Flow From Continuing Financing Activities
195.60
+6.39%
183.86
-15.71%
218.11
+216.10%
69.00
Net Issuance Payments Of Debt
223.78
+89.71%
117.96
-47.58%
225.00
+200.00%
75.00
Issuance Of Debt
816.74
+553.39%
125.00
-44.44%
225.00
+200.00%
75.00
Repayment Of Debt
-592.96
-8317.89%
-7.04
0.00
0.00
Long Term Debt Issuance
816.74
+553.39%
125.00
-44.44%
225.00
+200.00%
75.00
Long Term Debt Payments
-592.96
-8317.89%
-7.04
0.00
0.00
Net Long Term Debt Issuance
223.78
+89.71%
117.96
-47.58%
225.00
+200.00%
75.00
Short Term Debt Issuance
—
—
225.00
+200.00%
75.00
Net Short Term Debt Issuance
—
—
225.00
+200.00%
75.00
Net Common Stock Issuance
—
—
—
—
Common Stock Payments
—
—
—
—
Common Stock Dividend Paid
-6.45
-11.02%
-5.80
-28.34%
-4.52
-13.33%
-3.99
Cash Dividends Paid
-6.45
-11.02%
-5.80
-28.34%
-4.52
-13.33%
-3.99
Repurchase Of Capital Stock
—
—
—
—
Net Other Financing Charges
-21.74
-130.31%
71.70
+3130.64%
-2.37
-17.83%
-2.01
Changes In Cash
1.93
+102.08%
-92.98
-197.68%
95.19
+336.31%
-40.28
Beginning Cash Position
46.27
-66.77%
139.25
+216.05%
44.06
-47.76%
84.34
End Cash Position
48.20
+4.18%
46.27
-66.77%
139.25
+216.05%
44.06
Free Cash Flow
-257.92
-0.55%
-256.50
-81.54%
-141.30
-23.84%
-114.09
Interest Paid Supplemental Data
20.80
+72.24%
12.07
+299.04%
3.03
+421.72%
0.58
Earnings Losses From Equity Investments
—
—
—
—
Sale Of Intangibles
0.00
0.00
-100.00%
17.30
0.00
Cash From Discontinued Financing Activities
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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