Zacks: Analysts Expect ADTRAN, Inc. (ADTN) Will Announce Earnings of $0.20 Per Share
Brokerages expect that ADTRAN, Inc. (NASDAQ:ADTN) will report earnings per share (EPS) of $0.20 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for ADTRAN’s earnings, with estimates ranging from $0.17 to $0.24. ADTRAN posted earnings per share of $0.22 during the same quarter last year, which would indicate a negative year over year growth rate of 9.1%. The company is expected to report its next quarterly earnings results on Tuesday, July 11th.
On average, analysts expect that ADTRAN will report full year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.82. For the next fiscal year, analysts forecast that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.75 to $0.90. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for ADTRAN.
ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Tuesday, April 18th. The communications equipment provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. ADTRAN had a return on equity of 7.57% and a net margin of 5.53%. The business had revenue of $170.28 million for the quarter, compared to the consensus estimate of $167.87 million. During the same quarter in the prior year, the business earned $0.10 earnings per share.
ADTN has been the topic of several analyst reports. MKM Partners reiterated a “buy” rating and set a $27.50 price target (up previously from $24.00) on shares of ADTRAN in a research note on Tuesday, January 24th. Zacks Investment Research upgraded shares of ADTRAN from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Monday, January 23rd. Jefferies Group LLC lifted their target price on shares of ADTRAN from $17.50 to $20.50 and gave the company a “hold” rating in a research note on Thursday, January 19th. Argus upgraded shares of ADTRAN from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, April 20th. Finally, Needham & Company LLC lowered their target price on shares of ADTRAN from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. ADTRAN currently has an average rating of “Buy” and an average price target of $23.67.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in ADTRAN by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 5,350 shares of the communications equipment provider’s stock worth $111,000 after buying an additional 110 shares during the period. Alambic Investment Management L.P. purchased a new position in ADTRAN during the third quarter worth $237,000. Princeton Alpha Management LP purchased a new position in ADTRAN during the first quarter worth $254,000. Municipal Employees Retirement System of Michigan boosted its position in ADTRAN by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,060 shares of the communications equipment provider’s stock worth $269,000 after buying an additional 170 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in ADTRAN by 2.9% in the first quarter. Eqis Capital Management Inc. now owns 13,167 shares of the communications equipment provider’s stock worth $273,000 after buying an additional 369 shares during the period. Institutional investors own 96.87% of the company’s stock.
ADTRAN (NASDAQ:ADTN) opened at 20.00 on Tuesday. The company has a 50-day moving average price of $20.27 and a 200 day moving average price of $20.93. ADTRAN has a 1-year low of $17.06 and a 1-year high of $23.75. The stock has a market cap of $966.46 million, a P/E ratio of 26.32 and a beta of 0.60.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 18th. Investors of record on Thursday, May 4th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, May 2nd. ADTRAN’s dividend payout ratio (DPR) is 49.32%.
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ADTRAN Company Profile
ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.
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