ADTRAN, Inc. (NASDAQ:ADTN) – Research analysts at Jefferies Group cut their Q1 2018 EPS estimates for shares of ADTRAN in a note issued to investors on Wednesday. Jefferies Group analyst G. Notter now anticipates that the communications equipment provider will post earnings of ($0.17) per share for the quarter, down from their prior forecast of $0.14. Jefferies Group has a “Hold” rating and a $17.25 price objective on the stock. Jefferies Group also issued estimates for ADTRAN’s Q3 2018 earnings at $0.26 EPS, FY2018 earnings at $0.48 EPS and FY2019 earnings at $0.77 EPS.

A number of other analysts also recently issued reports on the stock. TheStreet downgraded shares of ADTRAN from a “b” rating to a “c+” rating in a report on Wednesday, January 17th. BidaskClub downgraded shares of ADTRAN from a “sell” rating to a “strong sell” rating in a report on Friday. Northland Securities restated a “buy” rating and set a $23.00 price objective on shares of ADTRAN in a report on Thursday. Goldman Sachs Group upgraded shares of ADTRAN from a “sell” rating to a “neutral” rating and set a $17.00 price objective for the company in a report on Monday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 price objective (down previously from $26.00) on shares of ADTRAN in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.41.

Shares of ADTRAN (NASDAQ:ADTN) opened at $16.40 on Monday. ADTRAN has a 1-year low of $16.25 and a 1-year high of $25.10. The company has a current ratio of 3.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.05. The stock has a market cap of $789.65, a PE ratio of 32.80, a P/E/G ratio of 5.56 and a beta of 0.77.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. ADTRAN had a net margin of 3.58% and a return on equity of 7.95%. The business had revenue of $126.52 million during the quarter, compared to the consensus estimate of $125.90 million.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.20%. ADTRAN’s dividend payout ratio is presently 72.00%.

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its position in shares of ADTRAN by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,804 shares of the communications equipment provider’s stock valued at $141,000 after acquiring an additional 373 shares during the period. Thompson Davis & CO. Inc. bought a new position in shares of ADTRAN in the third quarter valued at approximately $157,000. SG Americas Securities LLC bought a new position in shares of ADTRAN in the third quarter valued at approximately $190,000. Suntrust Banks Inc. bought a new position in shares of ADTRAN in the second quarter valued at approximately $208,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of ADTRAN in the third quarter valued at approximately $211,000. Hedge funds and other institutional investors own 91.37% of the company’s stock.

WARNING: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/q1-2018-eps-estimates-for-adtran-inc-decreased-by-jefferies-group-adtn/1817734.html.

ADTRAN Company Profile

ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.

Earnings History and Estimates for ADTRAN (NASDAQ:ADTN)

Receive News & Ratings for ADTRAN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADTRAN and related companies with MarketBeat.com's FREE daily email newsletter.