Brokerages expect ADTRAN, Inc. (NASDAQ:ADTN) to announce earnings of $0.22 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for ADTRAN’s earnings, with estimates ranging from $0.17 to $0.24. ADTRAN also reported earnings per share of $0.22 in the same quarter last year. The business is expected to report its next quarterly earnings results on Tuesday, July 11th.
On average, analysts expect that ADTRAN will report full year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.82. For the next fiscal year, analysts expect that the business will post earnings of $0.82 per share, with EPS estimates ranging from $0.75 to $0.90. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover ADTRAN.
ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings results on Tuesday, April 18th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $170.28 million during the quarter, compared to the consensus estimate of $167.87 million. ADTRAN had a net margin of 5.53% and a return on equity of 7.57%. During the same period in the previous year, the firm posted $0.10 earnings per share.
Several equities research analysts have recently issued reports on the stock. MKM Partners restated a “buy” rating and issued a $26.50 target price (down previously from $27.50) on shares of ADTRAN in a report on Monday, April 24th. Argus upgraded shares of ADTRAN from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, April 20th. Needham & Company LLC lowered their target price on shares of ADTRAN from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, April 20th. Zacks Investment Research downgraded shares of ADTRAN from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Finally, Jefferies Group LLC raised their price target on shares of ADTRAN from $17.50 to $20.50 and gave the stock a “hold” rating in a research note on Thursday, January 19th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $23.67.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in ADTRAN by 1.1% in the fourth quarter. FMR LLC now owns 100,051 shares of the communications equipment provider’s stock worth $2,236,000 after buying an additional 1,055 shares during the period. BlackRock Fund Advisors increased its position in ADTRAN by 6.8% in the third quarter. BlackRock Fund Advisors now owns 3,452,469 shares of the communications equipment provider’s stock worth $66,080,000 after buying an additional 219,538 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in ADTRAN during the third quarter worth approximately $1,914,000. State Street Corp increased its position in ADTRAN by 9.6% in the fourth quarter. State Street Corp now owns 1,187,312 shares of the communications equipment provider’s stock worth $26,537,000 after buying an additional 103,899 shares during the period. Finally, FIL Ltd increased its position in ADTRAN by 33.4% in the fourth quarter. FIL Ltd now owns 894,028 shares of the communications equipment provider’s stock worth $19,982,000 after buying an additional 224,028 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.
ADTRAN (NASDAQ:ADTN) traded down 0.50% during mid-day trading on Tuesday, reaching $20.05. 297,885 shares of the company’s stock traded hands. The stock has a market capitalization of $968.88 million, a PE ratio of 26.38 and a beta of 0.60. The stock has a 50-day moving average price of $20.08 and a 200-day moving average price of $21.01. ADTRAN has a 12-month low of $17.06 and a 12-month high of $23.75.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, May 2nd. ADTRAN’s dividend payout ratio (DPR) is 49.32%.
ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ADTRAN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADTRAN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.