Equities analysts predict that ADTRAN, Inc. (NASDAQ:ADTN) will report $162.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for ADTRAN’s earnings, with estimates ranging from $159.90 million to $164.80 million. ADTRAN posted sales of $162.99 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.5%. The company is scheduled to announce its next earnings report on Tuesday, January 16th.

According to Zacks, analysts expect that ADTRAN will report full year sales of $162.10 million for the current year, with estimates ranging from $700.00 million to $704.80 million. For the next financial year, analysts anticipate that the firm 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 averages are a mean average based on a survey of research analysts 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 Thomson Reuters’ consensus estimate of $0.24 by $0.13. ADTRAN had a net margin of 6.05% and a return on equity of 9.05%. The company had revenue of $185.11 million for the quarter, compared to the consensus estimate of $185.43 million.

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

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Shares of ADTRAN (NASDAQ:ADTN) traded up $0.30 during trading on Friday, reaching $21.05. 480,000 shares of the company’s stock traded hands, compared to its average volume of 342,529. ADTRAN has a 52 week low of $18.92 and a 52 week high of $25.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.36 and a quick ratio of 2.43. The stock has a market cap of $999.10, a P/E ratio of 22.55, a P/E/G ratio of 2.36 and a beta of 0.71.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Tuesday, October 31st. ADTRAN’s payout ratio is 40.45%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. purchased a new stake in ADTRAN during the third quarter worth about $157,000. Public Employees Retirement System of Ohio boosted its holdings in ADTRAN by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 6,804 shares of the communications equipment provider’s stock worth $141,000 after buying an additional 373 shares in the last quarter. SG Americas Securities LLC purchased a new stake in ADTRAN during the third quarter worth about $190,000. Crossmark Global Holdings Inc. purchased a new stake in ADTRAN during the third quarter worth about $211,000. Finally, Macquarie Group Ltd. purchased a new stake in ADTRAN during the third quarter worth about $227,000. 88.79% of the stock is currently owned by hedge funds and other institutional investors.

About ADTRAN

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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