Analysts Anticipate ADTRAN, Inc. (ADTN) Will Announce Earnings of -$0.02 Per Share

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.

A number of equities research analysts have issued reports on the stock. 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 target price for the company in a research report on Tuesday, October 9th. Needham & Company LLC cut their target price on shares of ADTRAN from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, October 18th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of ADTRAN from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.45.

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.

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.

Read More: Consumer Price Index (CPI)

Get a free copy of the Zacks research report on ADTRAN (ADTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ADTRAN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADTRAN and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply