ADTRAN, Inc. (NASDAQ:ADTN) declared a quarterly dividend on Tuesday, January 16th, RTT News reports. Stockholders of record on Wednesday, January 31st will be paid a dividend of 0.09 per share by the communications equipment provider on Wednesday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, January 30th.

Shares of ADTRAN (ADTN) traded down $0.20 during trading on Tuesday, hitting $19.50. The stock had a trading volume of 760,325 shares, compared to its average volume of 394,318. ADTRAN has a 1-year low of $18.65 and a 1-year high of $25.10. The firm has a market capitalization of $938.92, a P/E ratio of 22.16, a PEG ratio of 2.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.43 and a current ratio of 3.36.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings data on Tuesday, October 17th. The communications equipment provider reported $0.37 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 business had revenue of $185.11 million during the quarter, compared to the consensus estimate of $185.43 million. analysts forecast that ADTRAN will post 0.68 EPS for the current year.

A number of brokerages have recently commented on ADTN. Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of ADTRAN in a research report on Friday. Goldman Sachs Group upgraded ADTRAN from a “sell” rating to a “neutral” rating and set a $17.00 target price for the company in a research note on Monday. Zacks Investment Research cut ADTRAN from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. BidaskClub cut ADTRAN from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Finally, Cowen restated a “hold” rating and set a $16.00 target price on shares of ADTRAN in a research note on Friday, December 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $22.44.

In related news, SVP Kevin P. Heering sold 9,809 shares of the business’s stock in a transaction that occurred 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 owns 10,162 shares in the company, valued at $219,499.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Raymond R. Schansman sold 48,056 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was 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 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 insiders.

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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.

Dividend History for ADTRAN (NASDAQ:ADTN)

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