ATN International, Inc. (ATNI) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS
ATN International, Inc. (NASDAQ:ATNI) released its quarterly earnings data on Monday. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.55 by $0.18, Yahoo Finance reports. ATN International had a net margin of 4.29% and a return on equity of 2.74%.
ATN International (NASDAQ ATNI) opened at 51.93 on Tuesday. The firm has a 50-day moving average of $53.19 and a 200-day moving average of $61.85. ATN International has a 12-month low of $49.50 and a 12-month high of $87.82. The stock has a market capitalization of $840.95 million, a price-to-earnings ratio of 38.75 and a beta of 0.61.
The company also recently announced a quarterly dividend, which was paid on Monday, October 9th. Shareholders of record on Saturday, September 30th were issued a $0.17 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. ATN International’s dividend payout ratio (DPR) is 50.00%.
In related news, SVP Leonard Q. Slap sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.00, for a total value of $62,000.00. Following the transaction, the senior vice president now directly owns 26,645 shares of the company’s stock, valued at approximately $1,651,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.70% of the stock is owned by insiders.
Several equities research analysts recently commented on ATNI shares. Zacks Investment Research upgraded shares of ATN International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine upgraded shares of ATN International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered shares of ATN International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BWS Financial reduced their target price on shares of ATN International from $64.00 to $57.00 and set a “hold” rating on the stock in a report on Monday, July 31st. Finally, Sidoti lowered shares of ATN International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $73.00 to $57.00 in a report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $57.00.
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About ATN International
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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