Brokerages Expect ADTRAN Inc (ADTN) Will Announce Earnings of -$0.23 Per Share

Equities analysts expect ADTRAN Inc (NASDAQ:ADTN) to report earnings of ($0.23) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for ADTRAN’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.26). ADTRAN reported earnings of $0.30 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 176.7%. The firm is scheduled to issue its next earnings results on Tuesday, July 17th.

According to Zacks, analysts expect that ADTRAN will report full year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.20). For the next fiscal year, analysts anticipate that the business will post earnings of $0.56 per share, with EPS estimates ranging from $0.45 to $0.64. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover ADTRAN.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, April 17th. The communications equipment provider reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.15). The company had revenue of $120.81 million during the quarter, compared to the consensus estimate of $126.20 million. ADTRAN had a return on equity of 3.33% and a net margin of 1.30%. During the same quarter in the prior year, the company earned $0.14 earnings per share.



A number of equities analysts have commented on the stock. BidaskClub upgraded shares of ADTRAN from a “strong sell” rating to a “sell” rating in a research note on Friday, March 9th. Zacks Investment Research upgraded shares of ADTRAN from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. ValuEngine downgraded shares of ADTRAN from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Argus downgraded shares of ADTRAN from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective (down from $22.00) on shares of ADTRAN in a research note on Thursday, April 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.32.

ADTRAN traded up $0.40, reaching $15.05, during mid-day trading on Wednesday, MarketBeat reports. The company had a trading volume of 285,949 shares, compared to its average volume of 368,183. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.36 and a quick ratio of 2.19. The company has a market capitalization of $721.11 million, a P/E ratio of 16.91 and a beta of 0.61. ADTRAN has a 12 month low of $14.30 and a 12 month high of $25.10.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, May 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.39%. ADTRAN’s dividend payout ratio is presently 40.45%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of ADTRAN by 3.0% during the first quarter. BlackRock Inc. now owns 6,403,272 shares of the communications equipment provider’s stock valued at $99,569,000 after purchasing an additional 184,161 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ADTRAN by 8.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,277,129 shares of the communications equipment provider’s stock valued at $50,959,000 after purchasing an additional 249,959 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of ADTRAN by 0.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,784,564 shares of the communications equipment provider’s stock valued at $53,881,000 after purchasing an additional 8,361 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of ADTRAN by 4.0% during the first quarter. Van Berkom & Associates Inc. now owns 2,068,256 shares of the communications equipment provider’s stock valued at $32,161,000 after purchasing an additional 78,847 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in ADTRAN by 3.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,767,828 shares of the communications equipment provider’s stock valued at $34,207,000 after acquiring an additional 57,300 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

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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