-$0.02 Earnings Per Share Expected for ADTRAN, Inc. (ADTN) This Quarter

Equities research analysts forecast that ADTRAN, Inc. (NASDAQ:ADTN) will post earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for ADTRAN’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.05). ADTRAN posted earnings per share of $0.05 in the same quarter last year, which would suggest a negative year over year growth rate of 140%. The company is scheduled to report its next quarterly earnings results on Tuesday, January 15th.

According to Zacks, analysts expect that ADTRAN will report full-year earnings of ($0.19) per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $0.25 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for ADTRAN.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Tuesday, October 16th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The business had revenue of $140.34 million for the quarter, compared to the consensus estimate of $146.00 million. ADTRAN had a negative net margin of 3.94% and a negative return on equity of 2.20%. During the same period last year, the company posted $0.33 EPS.

A number of analysts recently weighed in on ADTN shares. Bank of America upgraded shares of ADTRAN from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 13th. ValuEngine upgraded shares of ADTRAN from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. BidaskClub downgraded shares of ADTRAN from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of ADTRAN from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, October 9th. Finally, Needham & Company LLC cut their price target on shares of ADTRAN from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, October 18th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. ADTRAN currently has an average rating of “Hold” and an average target price of $17.89.

A number of hedge funds and other institutional investors have recently bought and sold shares of ADTN. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in ADTRAN during the 2nd quarter worth approximately $151,000. Xact Kapitalforvaltning AB bought a new stake in ADTRAN during the 2nd quarter worth approximately $168,000. Raymond James & Associates bought a new stake in ADTRAN during the 2nd quarter worth approximately $272,000. First Trust Advisors LP bought a new stake in ADTRAN during the 3rd quarter worth approximately $367,000. Finally, Alps Advisors Inc. bought a new stake in ADTRAN during the 2nd quarter worth approximately $407,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ADTN traded up $0.02 during mid-day trading on Thursday, reaching $13.92. The stock had a trading volume of 271,658 shares, compared to its average volume of 473,107. The company has a current ratio of 2.82, a quick ratio of 1.96 and a debt-to-equity ratio of 0.06. ADTRAN has a twelve month low of $13.05 and a twelve month high of $23.15.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, October 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.59%. ADTRAN’s payout ratio is 40.45%.

About ADTRAN

ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

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Earnings History and Estimates for ADTRAN (NASDAQ:ADTN)

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