ADTRAN, Inc. (ADTN) Expected to Post Quarterly Sales of $126.30 Million

Wall Street brokerages expect that ADTRAN, Inc. (NASDAQ:ADTN) will post $126.30 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for ADTRAN’s earnings. The highest sales estimate is $126.40 million and the lowest is $126.20 million. ADTRAN reported sales of $170.28 million in the same quarter last year, which suggests a negative year-over-year growth rate of 25.8%. The firm is expected to report its next earnings results on Tuesday, April 17th.

On average, analysts expect that ADTRAN will report full-year sales of $126.30 million for the current year, with estimates ranging from $595.20 million to $622.40 million. For the next fiscal year, analysts anticipate that the company will report sales of $651.20 million per share, with estimates ranging from $648.00 million to $654.40 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for ADTRAN.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings data on Tuesday, January 16th. The communications equipment provider reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $126.52 million during the quarter, compared to the consensus estimate of $125.90 million. ADTRAN had a net margin of 3.58% and a return on equity of 7.95%.

A number of brokerages have recently issued reports on ADTN. TheStreet downgraded shares of ADTRAN from a “b” rating to a “c+” rating in a report on Wednesday, January 17th. BidaskClub downgraded shares of ADTRAN from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Jefferies Group reiterated a “hold” rating and issued a $17.25 price target on shares of ADTRAN in a report on Thursday, January 18th. Northland Securities reiterated a “buy” rating and issued a $23.00 price target on shares of ADTRAN in a report on Thursday, January 18th. Finally, Goldman Sachs Group upgraded shares of ADTRAN from a “sell” rating to a “neutral” rating and set a $17.00 target price for the company in a report on Monday, January 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.41.

A number of large investors have recently bought and sold shares of ADTN. TIAA CREF Investment Management LLC boosted its stake in shares of ADTRAN by 18.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 160,262 shares of the communications equipment provider’s stock worth $3,309,000 after purchasing an additional 25,056 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of ADTRAN by 40.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 378,523 shares of the communications equipment provider’s stock worth $7,817,000 after purchasing an additional 109,316 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of ADTRAN by 5.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 29,050 shares of the communications equipment provider’s stock worth $600,000 after purchasing an additional 1,580 shares during the last quarter. Northern Trust Corp boosted its stake in shares of ADTRAN by 37.1% during the 2nd quarter. Northern Trust Corp now owns 914,639 shares of the communications equipment provider’s stock worth $18,886,000 after purchasing an additional 247,413 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of ADTRAN by 167.6% during the 2nd quarter. FMR LLC now owns 390,801 shares of the communications equipment provider’s stock worth $8,070,000 after purchasing an additional 244,770 shares during the last quarter. Hedge funds and other institutional investors own 88.58% of the company’s stock.

ADTRAN (NASDAQ:ADTN) opened at $16.05 on Monday. The company has a quick ratio of 2.79, a current ratio of 3.98 and a debt-to-equity ratio of 0.05. The stock has a market cap of $772.80, a PE ratio of 19.82, a PEG ratio of 5.44 and a beta of 0.57. ADTRAN has a twelve month low of $15.65 and a twelve month high of $25.10.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.36 annualized dividend and a yield of 2.24%. ADTRAN’s dividend payout ratio (DPR) is currently 72.00%.

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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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