Analysts Expect ADTRAN, Inc. (ADTN) to Post $0.03 EPS

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Equities analysts expect ADTRAN, Inc. (NASDAQ:ADTN) to post $0.03 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ADTRAN’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. ADTRAN posted earnings per share of $0.37 during the same quarter last year, which indicates a negative year over year growth rate of 91.9%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 16th.

According to Zacks, analysts expect that ADTRAN will report full year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.36) to ($0.25). For the next fiscal year, analysts anticipate that the business will report earnings of $0.51 per share, with EPS estimates ranging from $0.40 to $0.67. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for ADTRAN.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, July 17th. The communications equipment provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.15. ADTRAN had a negative return on equity of 0.56% and a negative net margin of 2.15%. The company had revenue of $128.05 million for the quarter, compared to analysts’ expectations of $127.80 million. During the same period last year, the business earned $0.26 EPS.

A number of brokerages recently issued reports on ADTN. Bank of America upgraded ADTRAN from an “underperform” rating to a “neutral” rating in a report on Thursday, September 13th. MKM Partners increased their target price on ADTRAN from $21.00 to $22.00 in a report on Thursday, September 13th. ValuEngine upgraded ADTRAN from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. BidaskClub cut ADTRAN from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded ADTRAN from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.04.

Large investors have recently modified their holdings of the business. Alps Advisors Inc. bought a new position in ADTRAN during the 2nd quarter valued at $407,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in ADTRAN during the 2nd quarter valued at $151,000. Deprince Race & Zollo Inc. lifted its stake in ADTRAN by 32.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,795,330 shares of the communications equipment provider’s stock valued at $41,511,000 after acquiring an additional 686,488 shares in the last quarter. Victory Capital Management Inc. lifted its stake in ADTRAN by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,064,328 shares of the communications equipment provider’s stock valued at $45,505,000 after acquiring an additional 11,178 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in ADTRAN by 5,939.2% during the 1st quarter. Royal Bank of Canada now owns 60,392 shares of the communications equipment provider’s stock valued at $939,000 after acquiring an additional 59,392 shares in the last quarter. Institutional investors and hedge funds own 95.12% of the company’s stock.

Shares of ADTN traded up $0.06 during trading hours on Monday, reaching $16.96. The stock had a trading volume of 198,994 shares, compared to its average volume of 433,543. ADTRAN has a 12 month low of $13.95 and a 12 month high of $25.10. The company has a quick ratio of 1.90, a current ratio of 2.93 and a debt-to-equity ratio of 0.06. The stock has a market cap of $842.60 million, a P/E ratio of 19.06 and a beta of 0.53.

About ADTRAN

ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

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