ATN International Inc (NASDAQ:ATNI) declared a quarterly dividend on Tuesday, March 13th, Wall Street Journal reports. Investors of record on Saturday, March 31st will be paid a dividend of 0.17 per share by the technology company on Friday, April 6th. This represents a $0.68 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, March 28th.
ATN International has raised its dividend by an average of 2.7% per year over the last three years. ATN International has a dividend payout ratio of -73.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect ATN International to earn $0.11 per share next year, which means the company may not be able to cover its $0.68 annual dividend with an expected future payout ratio of 618.2%.
ATN International (NASDAQ:ATNI) opened at $59.63 on Friday. ATN International has a 12 month low of $49.50 and a 12 month high of $74.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.03 and a current ratio of 2.12. The stock has a market capitalization of $968.42, a PE ratio of 27.46 and a beta of 0.49.
ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.87. ATN International had a return on equity of 4.38% and a net margin of 6.54%. The firm had revenue of $107.70 million for the quarter, compared to analyst estimates of $102.81 million. equities analysts anticipate that ATN International will post -0.09 EPS for the current fiscal year.
Several research firms have recently weighed in on ATNI. TheStreet upgraded ATN International from a “d+” rating to a “c-” rating in a research note on Monday, January 8th. BidaskClub lowered ATN International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Sidoti upgraded ATN International from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Monday, January 8th. Finally, ValuEngine lowered ATN International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.50.
In other ATN International news, SVP Leonard Q. Slap sold 1,396 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $62.00, for a total transaction of $86,552.00. Following the transaction, the senior vice president now owns 26,572 shares of the company’s stock, valued at approximately $1,647,464. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP William F. Kreisher sold 8,264 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $60.17, for a total value of $497,244.88. Following the transaction, the vice president now directly owns 38,458 shares in the company, valued at approximately $2,314,017.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,179 shares of company stock worth $1,031,563. 32.70% of the stock is owned by corporate insiders.
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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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