Company profile

Ticker
SHEN
Exchange
Website
CEO
Christopher E. French
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
541162807

SHEN stock data

(
)

Calendar

30 Apr 20
6 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 153.19M 161M 155.15M 158.91M
Net income 13.28M 13.52M 14.35M 13.15M
Diluted EPS 0.27 0.27 0.29 0.26
Net profit margin 8.67% 8.40% 9.25% 8.27%
Operating income 23.05M 22.88M 25.36M 24.02M
Net change in cash 18.58M 4.24M -676K 28.23M
Cash on hand 120.23M 101.65M 97.42M 98.09M
Cost of revenue
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 633.91M 630.85M 611.99M 535.29M
Net income 54.94M 46.6M 66.39M -895K
Diluted EPS 1.1 0.93 1.33 -0.02
Net profit margin 8.67% 7.39% 10.85% -0.17%
Operating income 97.05M 93.25M 46.51M 22.53M
Net change in cash 16.57M 6.5M 42.39M -40.62M
Cash on hand 101.65M 85.09M 78.59M 36.19M
Cost of revenue 211.51M 193.52M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jul 20 Kenneth L Quaglio Common Stock Grant Aquire A No 49.29 12.68 625 5,907.644
1 Jul 20 Tracy Fitzsimmons Common Stock Grant Aquire A No 49.29 21.134 1.04K 21,560.008
1 Jul 20 Richard L Koontz Jr Common Stock Grant Aquire A No 49.29 10.144 500 30,148.954
1 Jun 20 Thomas Beckett Common Stock Grant Aquire A No 52.61 7.603 400 3,071.177
1 Jun 20 Thomas Beckett Common Stock Grant Aquire A No 52.61 7.603 400 3,071.177
54.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 148 149 -0.7%
Opened positions 17 44 -61.4%
Closed positions 18 40 -55.0%
Increased positions 50 48 +4.2%
Reduced positions 55 38 +44.7%
13F shares
Current Prev Q Change
Total value 1.34B 1.21B +10.7%
Total shares 27.18M 29.06M -6.5%
Total puts 12K 10.5K +14.3%
Total calls 32.5K 32.3K +0.6%
Total put/call ratio 0.4 0.3 +13.6%
Largest owners
Shares Value Change
BLK BlackRock 7.01M $345.31M +2.3%
Vanguard 5.07M $249.75M +2.2%
Dimensional Fund Advisors 2.05M $101.06M -1.4%
Renaissance Technologies 1.66M $81.84M +6.1%
STT State Street 1.51M $74.46M +6.7%
TimesSquare Capital Management 999.04K $49.2M -8.7%
NTRS Northern Trust 764.61K $37.66M +1.4%
Geode Capital Management 727.65K $35.84M +3.9%
BK Bank Of New York Mellon 553.51K $27.26M -2.4%
Mawer Investment Management 530.44K $26.12M -4.7%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -819.29K EXIT
N Price T Rowe Associates 19.39K -561.22K -96.7%
WFC Wells Fargo & Co. 357.39K -212.25K -37.3%
PRU Prudential Financial 78.26K -163K -67.6%
BLK BlackRock 7.01M +160.57K +2.3%
AltraVue Capital 21.8K -143.06K -86.8%
GS The Goldman Sachs Group, Inc. 262.49K +142.72K +119.2%
TETAB Teton Advisors 119K -131K -52.4%
Vanguard 5.07M +110.18K +2.2%
MS^L Morgan Stanley 128.01K -102.07K -44.4%

Financial report summary

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Risks
  • Intensifying competition in all segments of our business may limit our ability to sustain profitable operations.
  • Alternative technologies, changes in the regulatory environment and current uncertainties in the marketplace may reduce future demand for existing telecommunication services.
  • Adverse economic conditions in the United States and in our market area involving significantly reduced consumer spending could have a negative impact on our results of operations.
  • Regulation by government agencies may increase our costs of providing service or require changes in services, either of which could impair our financial performance.
  • Our access revenue may be adversely impacted by legislative or regulatory actions or by technology developments that decrease access rates or exempt certain traffic from paying for access to our regulated telephone network.
  • Our distribution networks may be subject to weather-related events that may damage our networks and adversely impact our ability to deliver promised services or increase costs related to such events.
  • Our success largely depends on our ability to retain and recruit key personnel, and any failure to do so could adversely affect our ability to manage our business.
  • We may not benefit from our acquisition strategy.
  • Our ability to comply with the financial covenants in our credit agreement depends primarily on our ability to generate sufficient operating cash flow.
  • Our level of indebtedness could adversely affect our financial health and ability to compete.
  • Disruptions of our information technology infrastructure could harm our business.
  • We could suffer a loss of revenue and increased costs, exposure to significant liability, reputational harm and other serious negative consequences if we sustain cyber-attacks or other data security breaches that disrupt our operations or result in the dissemination of proprietary or confidential information about us or our customers or other third parties.
  • Negative outcomes of legal proceedings may adversely affect our business and financial condition.
  • We have an underfunded non-contributory defined benefit pension plan.
  • Our business may be impacted by new or changing tax laws or regulations and actions by federal, state and/or local agencies, or how judicial authorities apply tax laws.
  • New disclosure or usage requirements could adversely affect the results of our wireless operations.
  • Regulation by governmental authorities or potential litigation relating to the use of wireless handsets while driving could adversely affect the results of our wireless operations.
  • Our business may suffer as a result of competitive pressures.
  • We may not be able to implement our business plan successfully if our operating costs are higher than we anticipate.
  • The dynamic nature of the wireless market may limit management’s ability to correctly identify causes of volatility in key operating performance measures.
  • We may experience a high rate of affiliate subscriber turnover, in our territory, which could adversely affect our future financial performance.
  • Our business could be adversely affected by customer concerns over radio frequency emissions, findings of product liability for health/safety risks from wireless devices and transmission equipment, as well as by changes to regulations/radio frequency emission standards.
  • The performance of our Wireless reporting segment may be materially adversely affected by any interruption in, or other adverse change to, Sprint’s business, liquidity or financial condition.
  • The costs associated with our ongoing participation in Sprint’s network upgrade and expansion plans may affect our operating results, liquidity and financial position.
  • Sprint may make business decisions that are not in our best interests, which may adversely affect our business and our relationships with subscribers in our territory, increase our expenses and decrease our revenues.
  • The pending dispute with Sprint over the resetting of the travel fee could have a material adverse effect on our financial and operating results in our Wireless segment.
  • Our dependence on Sprint for services may limit our ability to forecast operating results.
  • We are subject to risks relating to Sprint’s provision of back-office services and to changes in Sprint's products, services, plans and programs.
  • Sprint’s roaming arrangements to provide service outside of the Sprint National Network may not be competitive with other wireless service providers, which may restrict our ability to attract and retain subscribers and may increase our costs of doing business.
  • Some provisions of the Sprint agreements may diminish the value of our common stock and restrict or diminish the value of our PCS business.
  • We may have difficulty in obtaining an adequate supply of wireless handsets from Sprint.
  • If Sprint does not continue to enhance its nationwide digital wireless network, we may not be able to attract and retain subscribers in our Sprint Affiliate Area.
  • If Sprint’s wireless spectrum licenses are not renewed or are revoked, our wireless business would be harmed.
  • Our programming costs are subject to demands for increased payments.
  • Changes to key regulatory requirements can affect our ability to compete.
  • Increases in broadband usage may cause network capacity limitations, resulting in service disruptions, reduced capacity or slower transmission speeds for our customers.
  • Our broadband services may be adversely impacted by legislative or regulatory changes that affect our ability to develop and offer services or that could expose us to liability from customers or others.
  • Offering voice communications service may subject us to additional regulatory burdens, causing us to incur additional costs.
Management Discussion
  • Revenue decreased approximately $5.7 million, or 3.6%, during the three months ended March 31, 2020 compared with the three months ended March 31, 2019, primarily due to a decline of $8.5 million in the Wireless segment, partially offset by growth of $2.9 million and $0.7 million in the Broadband and Tower segments, respectively. The Wireless segment recognized $4.5 million in lower travel revenue in the first quarter of 2020 compared to the first quarter of 2019 due to the ongoing dispute with Sprint over resetting of the travel fee. Refer to the discussion of the results of operations for the Wireless, Broadband and Tower segments, included within this quarterly report, for additional information.
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