ATN International (ATNI) Scheduled to Post Quarterly Earnings on Wednesday

ATN International (NASDAQ:ATNI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. ATN International has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). ATN International had a negative net margin of 1.91% and a negative return on equity of 0.92%. The firm had revenue of $198.97 million during the quarter, compared to the consensus estimate of $192.07 million. On average, analysts expect ATN International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ATN International Stock Down 2.6 %

Shares of NASDAQ:ATNI opened at $26.90 on Wednesday. The firm has a fifty day moving average price of $32.14 and a two-hundred day moving average price of $33.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.89. ATN International has a one year low of $26.68 and a one year high of $43.04. The company has a market cap of $416.41 million, a price-to-earnings ratio of -21.69 and a beta of 0.39.

ATN International Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Sunday, March 31st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.12%. The ex-dividend date was Wednesday, March 27th. ATN International’s payout ratio is -77.42%.

Analyst Ratings Changes

Separately, Raymond James upgraded shares of ATN International from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $39.00 to $40.00 in a research report on Friday, February 23rd.

Institutional Trading of ATN International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of ATN International by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 32,673 shares of the technology company’s stock valued at $1,533,000 after buying an additional 935 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in ATN International by 48.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,932 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,275 shares during the period. MetLife Investment Management LLC raised its position in ATN International by 39.7% in the 1st quarter. MetLife Investment Management LLC now owns 6,641 shares of the technology company’s stock worth $265,000 after purchasing an additional 1,887 shares during the period. BNP Paribas Arbitrage SNC raised its position in ATN International by 60.8% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,061 shares of the technology company’s stock worth $234,000 after purchasing an additional 2,292 shares during the period. Finally, Credit Suisse AG raised its position in ATN International by 33.6% in the 4th quarter. Credit Suisse AG now owns 10,205 shares of the technology company’s stock worth $462,000 after purchasing an additional 2,568 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.