Wall Street brokerages forecast that ADTRAN, Inc. (NASDAQ:ADTN) will post earnings of $0.15 per share for the current quarter, Zacks reports. Three analysts have made estimates for ADTRAN’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.16. ADTRAN reported earnings of $0.16 per share in the same quarter last year, which indicates a negative year over year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, January 16th.

According to Zacks, analysts expect that ADTRAN will report full-year earnings of $0.88 per share for the current financial year. For the next year, analysts forecast that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.92 to $0.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow ADTRAN.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Tuesday, October 17th. The communications equipment provider reported $0.37 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $185.43 million.

ADTN has been the subject of a number of research analyst reports. Northland Securities reaffirmed a “buy” rating and set a $28.00 target price on shares of ADTRAN in a research report on Tuesday, September 5th. Zacks Investment Research lowered ADTRAN from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 23rd. BidaskClub lowered ADTRAN from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Finally, Needham & Company LLC lifted their target price on ADTRAN from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.29.

ADTRAN (ADTN) traded down $0.30 on Friday, reaching $22.80. The company had a trading volume of 267,588 shares, compared to its average volume of 287,890. ADTRAN has a one year low of $18.92 and a one year high of $25.10. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1,097.82, a PE ratio of 24.78, a P/E/G ratio of 2.59 and a beta of 0.76.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Tuesday, October 31st. ADTRAN’s dividend payout ratio (DPR) is presently 40.45%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC raised its position in shares of ADTRAN by 19.8% in the 3rd quarter. Algert Global LLC now owns 131,331 shares of the communications equipment provider’s stock worth $3,152,000 after acquiring an additional 21,727 shares in the last quarter. California Public Employees Retirement System raised its position in shares of ADTRAN by 4.9% in the 3rd quarter. California Public Employees Retirement System now owns 187,914 shares of the communications equipment provider’s stock worth $4,510,000 after acquiring an additional 8,814 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of ADTRAN in the 3rd quarter worth $447,000. Vident Investment Advisory LLC bought a new position in shares of ADTRAN in the 3rd quarter worth $238,000. Finally, Magnetar Financial LLC bought a new position in shares of ADTRAN in the 3rd quarter worth $257,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

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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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