Zacks: Analysts Anticipate ADTRAN, Inc. (ADTN) to Post -$0.02 EPS

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Equities analysts expect that ADTRAN, Inc. (NASDAQ:ADTN) will report earnings per share of ($0.02) for the current quarter, Zacks reports. Two analysts have made estimates for ADTRAN’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.05). ADTRAN posted earnings of $0.05 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 140%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, January 23rd.

According to Zacks, analysts expect that ADTRAN will report full year earnings of ($0.19) per share for the current financial year. For the next year, analysts anticipate that the firm will report earnings of $0.25 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover ADTRAN.

ADTRAN (NASDAQ:ADTN) last released its earnings results on Tuesday, October 16th. The communications equipment provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The firm had revenue of $140.34 million for the quarter, compared to analysts’ expectations of $146.00 million. ADTRAN had a negative return on equity of 2.20% and a negative net margin of 3.94%. During the same quarter in the previous year, the business posted $0.33 EPS.

Several research analysts have weighed in on the company. Northland Securities set a $24.00 price target on ADTRAN and gave the stock a “buy” rating in a research report on Thursday, December 20th. BidaskClub lowered ADTRAN from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. ValuEngine lowered ADTRAN from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Needham & Company LLC lowered their price target on ADTRAN from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, October 18th. They noted that the move was a valuation call. Finally, MKM Partners lowered their price target on ADTRAN to $17.00 and set a “buy” rating on the stock in a research report on Thursday, December 20th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. ADTRAN presently has a consensus rating of “Buy” and a consensus price target of $17.38.

NASDAQ ADTN traded down $0.13 during trading on Wednesday, hitting $11.65. The stock had a trading volume of 15,034 shares, compared to its average volume of 386,650. The stock has a market capitalization of $568.94 million, a price-to-earnings ratio of 13.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.96 and a current ratio of 2.82. ADTRAN has a 12 month low of $10.21 and a 12 month high of $20.45.

Several large investors have recently bought and sold shares of ADTN. Verition Fund Management LLC acquired a new position in shares of ADTRAN during the 3rd quarter worth approximately $195,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of ADTRAN during the 3rd quarter worth approximately $196,000. SG Americas Securities LLC acquired a new position in shares of ADTRAN during the 3rd quarter worth approximately $224,000. Virtu Financial LLC acquired a new position in shares of ADTRAN during the 3rd quarter worth approximately $241,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of ADTRAN during the 3rd quarter worth approximately $267,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

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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