Wall Street analysts expect that ADTRAN, Inc. (NASDAQ:ADTN) will post ($0.23) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for ADTRAN’s earnings. The highest EPS estimate is ($0.16) and the lowest is ($0.26). ADTRAN reported earnings per share of $0.30 during the same quarter last year, which would suggest a negative year-over-year growth rate of 176.7%. The company is expected to announce its next earnings report on Tuesday, July 17th.

According to Zacks, analysts expect that ADTRAN will report full-year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.20). For the next fiscal year, analysts anticipate that the business will post earnings of $0.56 per share, with EPS estimates ranging from $0.45 to $0.64. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow ADTRAN.

ADTRAN (NASDAQ:ADTN) last posted its earnings results on Tuesday, April 17th. The communications equipment provider reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.15). ADTRAN had a net margin of 1.30% and a return on equity of 3.33%. The business had revenue of $120.81 million during the quarter, compared to analysts’ expectations of $126.20 million. During the same quarter in the prior year, the firm earned $0.14 EPS.

A number of equities research analysts have commented on ADTN shares. ValuEngine downgraded ADTRAN from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. BidaskClub upgraded ADTRAN from a “strong sell” rating to a “sell” rating in a research report on Friday, March 9th. Zacks Investment Research upgraded ADTRAN from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Argus downgraded ADTRAN from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 target price (down previously from $22.00) on shares of ADTRAN in a research report on Thursday, April 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.32.

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in shares of ADTRAN by 111.2% in the 4th quarter. Wells Fargo & Company MN now owns 121,147 shares of the communications equipment provider’s stock valued at $2,344,000 after buying an additional 63,774 shares during the period. Chartwell Investment Partners LLC grew its stake in ADTRAN by 68.3% during the 4th quarter. Chartwell Investment Partners LLC now owns 203,242 shares of the communications equipment provider’s stock worth $3,933,000 after purchasing an additional 82,515 shares in the last quarter. Capital Fund Management S.A. acquired a new position in ADTRAN during the 4th quarter worth $311,000. Thrivent Financial For Lutherans grew its stake in ADTRAN by 694.7% during the 4th quarter. Thrivent Financial For Lutherans now owns 230,940 shares of the communications equipment provider’s stock worth $4,468,000 after purchasing an additional 201,880 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in ADTRAN by 2.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 442,932 shares of the communications equipment provider’s stock worth $8,571,000 after purchasing an additional 11,252 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

NASDAQ:ADTN traded up $0.40 on Friday, reaching $15.15. The company’s stock had a trading volume of 16,937 shares, compared to its average volume of 529,833. ADTRAN has a 12-month low of $13.95 and a 12-month high of $25.10. The company has a quick ratio of 2.19, a current ratio of 3.36 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $694.76 million, a P/E ratio of 17.02 and a beta of 0.57.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Wednesday, May 2nd were issued a $0.09 dividend. The ex-dividend date was Tuesday, May 1st. This represents a $0.36 annualized dividend and a dividend yield of 2.38%. ADTRAN’s dividend payout ratio is presently 40.45%.

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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Earnings History and Estimates for ADTRAN (NASDAQ:ADTN)

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