ATN International (NASDAQ:ATNI) released its quarterly earnings data on Wednesday. The technology company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.87, Bloomberg Earnings reports. ATN International had a negative net margin of 1.93% and a positive return on equity of 3.34%. The firm had revenue of $107.70 million for the quarter, compared to the consensus estimate of $102.81 million.
ATN International (NASDAQ:ATNI) traded up $4.39 during mid-day trading on Friday, hitting $59.31. 130,100 shares of the company traded hands, compared to its average volume of 95,050. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.84. ATN International has a fifty-two week low of $49.50 and a fifty-two week high of $75.98. The firm has a market capitalization of $879.63, a P/E ratio of -97.23 and a beta of 0.52.
In related news, CFO Justin D. Benincasa sold 4,179 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $59.72, for a total value of $249,569.88. Following the transaction, the chief financial officer now directly owns 59,526 shares in the company, valued at $3,554,892.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael T. Prior sold 7,355 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $55.36, for a total transaction of $407,172.80. Following the completion of the transaction, the insider now owns 387,247 shares in the company, valued at $21,437,993.92. The disclosure for this sale can be found here. Corporate insiders own 32.70% of the company’s stock.
Several equities analysts have commented on the stock. BidaskClub downgraded shares of ATN International from a “sell” rating to a “strong sell” rating in a report on Saturday, February 10th. ValuEngine downgraded shares of ATN International from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. TheStreet upgraded shares of ATN International from a “d+” rating to a “c-” rating in a report on Monday, January 8th. Finally, Sidoti upgraded shares of ATN International from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $63.50.
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ATN International Company Profile
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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