Q1 2018 EPS Estimates for ADTRAN, Inc. Decreased by Jefferies Group (ADTN)

ADTRAN, Inc. (NASDAQ:ADTN) – Equities researchers at Jefferies Group cut their Q1 2018 earnings per share estimates for ADTRAN in a research note issued to investors on Wednesday. Jefferies Group analyst G. Notter now anticipates that the communications equipment provider will post earnings per share of ($0.17) for the quarter, down from their previous estimate of $0.14. Jefferies Group currently has a “Hold” rating and a $17.25 target price on the stock. Jefferies Group also issued estimates for ADTRAN’s Q3 2018 earnings at $0.26 EPS, FY2018 earnings at $0.48 EPS and FY2019 earnings at $0.77 EPS.

ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings results on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. ADTRAN had a net margin of 3.58% and a return on equity of 7.95%. The firm had revenue of $126.52 million for the quarter, compared to analyst estimates of $125.90 million.

Other research analysts have also issued reports about the stock. Needham & Company LLC restated a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of ADTRAN in a research note on Friday, January 12th. Northland Securities set a $28.00 price objective on shares of ADTRAN and gave the stock a “buy” rating in a research note on Wednesday, October 18th. MKM Partners lowered their price objective on shares of ADTRAN from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, December 29th. TheStreet lowered shares of ADTRAN from a “b” rating to a “c+” rating in a research note on Wednesday, January 17th. Finally, Zacks Investment Research lowered shares of ADTRAN from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. ADTRAN presently has a consensus rating of “Hold” and an average target price of $21.41.

ADTRAN (NASDAQ:ADTN) opened at $16.40 on Monday. The firm has a market cap of $789.65, a PE ratio of 32.80, a PEG ratio of 5.56 and a beta of 0.77. ADTRAN has a 52 week low of $16.25 and a 52 week high of $25.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.79 and a current ratio of 3.98.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, January 30th. ADTRAN’s payout ratio is 72.00%.

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of ADTRAN by 25.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,620,128 shares of the communications equipment provider’s stock worth $33,456,000 after buying an additional 328,600 shares during the period. Granite Investment Partners LLC boosted its holdings in shares of ADTRAN by 6.1% during the 3rd quarter. Granite Investment Partners LLC now owns 562,588 shares of the communications equipment provider’s stock worth $13,502,000 after buying an additional 32,519 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of ADTRAN during the 3rd quarter worth about $1,504,000. State Street Corp boosted its holdings in shares of ADTRAN by 4.3% during the 2nd quarter. State Street Corp now owns 1,332,947 shares of the communications equipment provider’s stock worth $27,527,000 after buying an additional 54,671 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of ADTRAN by 46.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 258,431 shares of the communications equipment provider’s stock worth $5,336,000 after buying an additional 82,134 shares during the period. 91.37% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for ADTRAN (NASDAQ:ADTN)

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