Equities analysts expect ADTRAN, Inc. (NASDAQ:ADTN) to 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 lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at $0.00. ADTRAN posted earnings of $0.05 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 140%. The firm is expected to issue its next earnings report after the market closes on Wednesday, January 23rd.
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 year, analysts expect that the company will post earnings of $0.25 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ADTRAN.
ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings results on Tuesday, October 16th. The communications equipment provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The business had revenue of $140.34 million during 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 quarter in the prior year, the firm earned $0.33 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in ADTN. Verition Fund Management LLC acquired a new position in ADTRAN in the 3rd quarter valued at $195,000. Dynamic Technology Lab Private Ltd acquired a new position in ADTRAN in the 3rd quarter valued at $196,000. SG Americas Securities LLC acquired a new position in ADTRAN in the 3rd quarter valued at $224,000. Virtu Financial LLC acquired a new position in ADTRAN in the 3rd quarter valued at $241,000. Finally, Zeke Capital Advisors LLC acquired a new position in ADTRAN in the 3rd quarter valued at $267,000. Institutional investors own 94.62% of the company’s stock.
Shares of NASDAQ:ADTN traded up $0.13 during mid-day trading on Wednesday, hitting $11.74. The stock had a trading volume of 10,630 shares, compared to its average volume of 375,852. ADTRAN has a 12-month low of $10.21 and a 12-month high of $20.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.96 and a current ratio of 2.82. The company has a market cap of $553.70 million, a PE ratio of 13.11 and a beta of 0.93.
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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