ADTRAN (ADTN) Scheduled to Post Quarterly Earnings on Tuesday
ADTRAN (NASDAQ:ADTN) will issue its Q114 quarterly earnings data on Tuesday, April 15th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $149.36 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.11. The company had revenue of $159.10 million for the quarter, compared to the consensus estimate of $159.36 million. On average, analysts expect ADTRAN to post $1.12 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
Shares of ADTRAN (NASDAQ:ADTN) opened at 23.33 on Monday. ADTRAN has a 52-week low of $20.10 and a 52-week high of $27.98. The stock has a 50-day moving average of $25.61 and a 200-day moving average of $25.46. The company has a market cap of $1.321 billion and a price-to-earnings ratio of 31.62.
A number of research firms have recently commented on ADTN. Analysts at Goldman Sachs cut their price target on shares of ADTRAN to $28.00 in a research note on Thursday, April 3rd. They now have a “neutral” rating on the stock. On the ratings front, analysts at MKM Partners raised their price target on shares of ADTRAN from $27.00 to $29.00 in a research note on Thursday, April 3rd. They now have a “neutral” rating on the stock. Finally, analysts at EVA Dimensions upgraded shares of ADTRAN from an “underweight” rating to a “hold” rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.
ADTRAN, Inc designs, manufactures and markets solutions and provides services and support for communications networks.
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