Equities research analysts forecast that ADTRAN, Inc. (NASDAQ:ADTN) will announce sales of $162.10 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for ADTRAN’s earnings, with the highest sales estimate coming in at $164.80 million and the lowest estimate coming in at $159.90 million. ADTRAN posted sales of $162.99 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.5%. The company is expected to announce its next earnings report on Tuesday, January 16th.

On average, analysts expect that ADTRAN will report full-year sales of $162.10 million for the current fiscal year, with estimates ranging from $700.00 million to $704.80 million. For the next year, analysts expect that the business will report sales of $737.23 million per share, with estimates ranging from $704.50 million to $780.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow ADTRAN.

ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings data on Tuesday, October 17th. The communications equipment provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.13. ADTRAN had a return on equity of 9.05% and a net margin of 6.05%. The company had revenue of $185.11 million for the quarter, compared to the consensus estimate of $185.43 million.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of ADTRAN from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a report on Friday, October 20th. Northland Securities set a $28.00 target price on shares of ADTRAN and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub raised shares of ADTRAN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Needham & Company LLC increased their price objective on shares of ADTRAN from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Finally, Cowen and Company reissued a “market perform” rating and set a $18.00 price objective (up previously from $16.00) on shares of ADTRAN in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.29.

In other ADTRAN news, SVP Kevin P. Heering sold 9,809 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $21.60, for a total transaction of $211,874.40. Following the completion of the transaction, the senior vice president now owns 10,162 shares of the company’s stock, valued at approximately $219,499.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Raymond R. Schansman sold 48,056 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $21.70, for a total transaction of $1,042,815.20. Following the transaction, the senior vice president now directly owns 11,658 shares of the company’s stock, valued at approximately $252,978.60. The disclosure for this sale can be found here. 2.96% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ADTN. Karp Capital Management Corp purchased a new stake in shares of ADTRAN during the 1st quarter valued at about $281,000. Ameriprise Financial Inc. raised its position in shares of ADTRAN by 10.9% during the 1st quarter. Ameriprise Financial Inc. now owns 269,207 shares of the communications equipment provider’s stock valued at $5,586,000 after buying an additional 26,545 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of ADTRAN by 6.8% during the 1st quarter. JPMorgan Chase & Co. now owns 176,297 shares of the communications equipment provider’s stock valued at $3,658,000 after buying an additional 11,192 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of ADTRAN during the 1st quarter valued at about $160,000. Finally, Arizona State Retirement System raised its position in shares of ADTRAN by 1.2% during the 1st quarter. Arizona State Retirement System now owns 25,245 shares of the communications equipment provider’s stock valued at $524,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 89.47% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “ADTRAN, Inc. (ADTN) Expected to Announce Quarterly Sales of $162.10 Million” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/27/adtran-inc-adtn-expected-to-announce-quarterly-sales-of-162-10-million.html.

Shares of ADTRAN (NASDAQ ADTN) opened at 21.00 on Friday. The firm’s 50-day moving average price is $23.01 and its 200-day moving average price is $21.42. The stock has a market cap of $1.01 billion, a P/E ratio of 23.86 and a beta of 0.75. ADTRAN has a 52-week low of $17.55 and a 52-week high of $25.10.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, October 31st. ADTRAN’s dividend payout ratio (DPR) is presently 40.45%.

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.

Get a free copy of the Zacks research report on ADTRAN (ADTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ADTRAN (NASDAQ:ADTN)

Receive News & Ratings for ADTRAN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADTRAN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.