ADTRAN (ADTN) Scheduled to Post Earnings on Monday

ADTRAN (NASDAQ:ADTN) will be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect ADTRAN to post earnings of ($0.08) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings results on Monday, February 26th. The communications equipment provider reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.01). The business had revenue of $225.48 million for the quarter, compared to analysts’ expectations of $232.45 million. ADTRAN had a negative return on equity of 15.65% and a negative net margin of 21.80%. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Stock Performance

NASDAQ ADTN opened at $4.43 on Monday. The company has a market cap of $350.48 million, a PE ratio of -1.38 and a beta of 1.13. The stock’s 50 day simple moving average is $5.44 and its 200-day simple moving average is $6.18. ADTRAN has a 1-year low of $4.43 and a 1-year high of $11.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.64 and a quick ratio of 1.34.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADTN. Rosenblatt Securities decreased their target price on ADTRAN from $8.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Needham & Company LLC restated a “buy” rating and issued a $8.00 target price on shares of ADTRAN in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded ADTRAN to a “sell” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.50.

About ADTRAN

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.