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

Wall Street brokerages predict that ADTRAN, Inc. (NASDAQ:ADTN) will announce earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ADTRAN’s earnings. The lowest EPS estimate is ($0.05) and the highest is $0.00. ADTRAN posted earnings per share of $0.05 during the same quarter last year, which indicates a negative year-over-year growth rate of 140%. The business is scheduled to announce its next earnings report on Tuesday, January 15th.

On average, analysts expect that ADTRAN will report full-year earnings of ($0.19) per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.25 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow ADTRAN.

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

Several analysts have recently weighed in on the company. BidaskClub lowered ADTRAN from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine lowered ADTRAN from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Zacks Investment Research upgraded ADTRAN from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, October 9th. Needham & Company LLC cut their price objective on ADTRAN from $18.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, October 18th. They noted that the move was a valuation call. Finally, MKM Partners upped their price objective on ADTRAN from $21.00 to $22.00 in a report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. ADTRAN has a consensus rating of “Hold” and a consensus target price of $17.89.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of ADTRAN during the second quarter valued at $151,000. Xact Kapitalforvaltning AB purchased a new stake in shares of ADTRAN during the second quarter valued at $168,000. Verition Fund Management LLC purchased a new stake in shares of ADTRAN during the third quarter valued at $195,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of ADTRAN during the third quarter valued at $196,000. Finally, SG Americas Securities LLC purchased a new stake in shares of ADTRAN during the third quarter valued at $224,000. 94.25% of the stock is owned by institutional investors and hedge funds.

Shares of ADTRAN stock traded up $0.05 during trading on Friday, hitting $12.45. The stock had a trading volume of 317,109 shares, compared to its average volume of 225,948. The company has a quick ratio of 1.96, a current ratio of 2.82 and a debt-to-equity ratio of 0.06. The firm has a market cap of $590.86 million, a price-to-earnings ratio of 13.99 and a beta of 0.92. ADTRAN has a fifty-two week low of $11.93 and a fifty-two week high of $23.15.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 31st were issued a $0.09 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.36 annualized dividend and a dividend yield of 2.89%. ADTRAN’s dividend payout ratio (DPR) 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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