Brokerages predict that ADTRAN, Inc. (NASDAQ:ADTN) will announce sales of $185.19 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for ADTRAN’s earnings, with the lowest sales estimate coming in at $184.45 million and the highest estimate coming in at $186.80 million. ADTRAN reported sales of $168.89 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The company is expected to announce its next quarterly earnings report on Tuesday, October 17th.

On average, analysts expect that ADTRAN will report full-year sales of $185.19 million for the current fiscal year, with estimates ranging from $707.51 million to $712.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $752.96 million per share, with estimates ranging from $729.10 million to $800.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow ADTRAN.

ADTRAN (NASDAQ:ADTN) last posted its earnings results on Tuesday, July 18th. The communications equipment provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11. The firm had revenue of $184.67 million during the quarter, compared to the consensus estimate of $183.05 million. ADTRAN had a return on equity of 8.39% and a net margin of 5.68%. During the same period in the prior year, the company earned $0.21 EPS.

Several analysts have issued reports on the company. Needham & Company LLC upped their target price on ADTRAN from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut ADTRAN from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub cut ADTRAN from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Northland Securities restated a “buy” rating and issued a $28.00 target price on shares of ADTRAN in a report on Tuesday, September 5th. Finally, Cowen and Company restated a “market perform” rating and issued a $18.00 target price (up from $16.00) on shares of ADTRAN in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.14.

Shares of ADTRAN (NASDAQ:ADTN) traded up 0.22% during mid-day trading on Wednesday, reaching $22.45. The company had a trading volume of 101,129 shares. The stock’s 50-day moving average price is $22.11 and its 200 day moving average price is $20.97. The company has a market capitalization of $1.07 billion, a PE ratio of 28.03 and a beta of 0.68. ADTRAN has a 1-year low of $17.55 and a 1-year high of $24.05.

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In other news, SVP Michael Foliano sold 24,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $23.77, for a total value of $570,480.00. Following the transaction, the senior vice president now owns 5,417 shares of the company’s stock, valued at approximately $128,762.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.96% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. KBC Group NV lifted its stake in shares of ADTRAN by 49.6% in the 2nd quarter. KBC Group NV now owns 51,535 shares of the communications equipment provider’s stock valued at $1,064,000 after purchasing an additional 17,079 shares during the last quarter. BlackRock Inc. lifted its stake in shares of ADTRAN by 75,959.4% in the 1st quarter. BlackRock Inc. now owns 5,930,353 shares of the communications equipment provider’s stock valued at $123,054,000 after purchasing an additional 5,922,556 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of ADTRAN by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,870,230 shares of the communications equipment provider’s stock valued at $59,558,000 after purchasing an additional 172,439 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of ADTRAN by 35.7% in the 1st quarter. OppenheimerFunds Inc. now owns 23,037 shares of the communications equipment provider’s stock valued at $478,000 after purchasing an additional 6,061 shares during the last quarter. Finally, First Midwest Bank Trust Division lifted its stake in shares of ADTRAN by 2.6% in the 2nd quarter. First Midwest Bank Trust Division now owns 20,828 shares of the communications equipment provider’s stock valued at $430,000 after purchasing an additional 518 shares during the last quarter. 89.46% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for ADTRAN (NASDAQ:ADTN)

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