Analysts Expect ADTRAN, Inc. (ADTN) to Announce -$0.02 EPS

Analysts expect that ADTRAN, Inc. (NASDAQ:ADTN) will post earnings of ($0.02) per share for the current fiscal quarter, Zacks reports. 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 would indicate a negative year-over-year growth rate of 140%. The company is scheduled to report its next quarterly earnings report on Tuesday, January 15th.

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 fiscal year, analysts forecast that the firm will report earnings of $0.25 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for ADTRAN.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings data on Tuesday, October 16th. The communications equipment provider reported $0.21 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 the consensus estimate of $146.00 million. During the same quarter last year, the company earned $0.33 EPS.

ADTN has been the subject of a number of research reports. Bank of America upgraded ADTRAN from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 13th. ValuEngine upgraded ADTRAN from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. BidaskClub downgraded ADTRAN from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Needham & Company LLC cut their target price on 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, Zacks Investment Research upgraded 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. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. ADTRAN currently has an average rating of “Hold” and a consensus target price of $17.89.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of ADTRAN by 8.3% during the 2nd quarter. BlackRock Inc. now owns 6,934,364 shares of the communications equipment provider’s stock worth $102,976,000 after buying an additional 531,092 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of ADTRAN by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,459,427 shares of the communications equipment provider’s stock worth $51,372,000 after buying an additional 182,298 shares during the period. Victory Capital Management Inc. lifted its position in shares of ADTRAN by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,153,118 shares of the communications equipment provider’s stock worth $55,652,000 after buying an additional 88,790 shares during the period. Deprince Race & Zollo Inc. increased its holdings in ADTRAN by 32.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,795,330 shares of the communications equipment provider’s stock valued at $41,511,000 after purchasing an additional 686,488 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in ADTRAN by 0.6% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,081,442 shares of the communications equipment provider’s stock valued at $30,909,000 after purchasing an additional 13,186 shares in the last quarter. Institutional investors and hedge funds own 94.34% of the company’s stock.

Shares of ADTN stock traded down $0.07 during mid-day trading on Thursday, reaching $13.98. The stock had a trading volume of 4,785 shares, compared to its average volume of 476,004. The company has a current ratio of 2.82, a quick ratio of 1.96 and a debt-to-equity ratio of 0.06. ADTRAN has a one year low of $13.05 and a one year high of $23.15. The company has a market capitalization of $664.53 million, a P/E ratio of 15.73 and a beta of 0.92.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, October 30th. This represents a $0.36 annualized dividend and a dividend yield of 2.58%. ADTRAN’s dividend payout ratio (DPR) is presently 40.45%.

ADTRAN Company Profile

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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Earnings History and Estimates for ADTRAN (NASDAQ:ADTN)

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