Equities research analysts predict that ADTRAN, Inc. (NASDAQ:ADTN) will announce ($0.05) earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ADTRAN’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.06). ADTRAN posted earnings per share of ($0.29) in the same quarter last year, which would suggest a positive year-over-year growth rate of 82.8%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, April 17th.

According to Zacks, analysts expect that ADTRAN will report full year earnings of $0.15 per share for the current year, with EPS estimates ranging from $0.10 to $0.20. For the next year, analysts forecast that the business will post earnings of $0.46 per share, with EPS estimates ranging from $0.30 to $0.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow ADTRAN.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Wednesday, January 23rd. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The business had revenue of $140.09 million for the quarter, compared to the consensus estimate of $134.25 million. ADTRAN had a negative net margin of 3.34% and a negative return on equity of 4.42%.

A number of analysts have issued reports on the company. BidaskClub downgraded ADTRAN from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Zacks Investment Research raised ADTRAN from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine downgraded ADTRAN from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Needham & Company LLC downgraded ADTRAN from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Northland Securities set a $24.00 price objective on ADTRAN and gave the stock a “buy” rating in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.50.

ADTN traded up $0.02 on Thursday, hitting $14.31. 5,965 shares of the company’s stock traded hands, compared to its average volume of 284,356. The company has a market capitalization of $684.65 million, a PE ratio of -30.47 and a beta of 1.26. ADTRAN has a one year low of $10.21 and a one year high of $19.30. The company has a current ratio of 3.01, a quick ratio of 2.17 and a debt-to-equity ratio of 0.06.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in ADTRAN by 2.4% during the 4th quarter. BlackRock Inc. now owns 7,294,881 shares of the communications equipment provider’s stock valued at $78,347,000 after acquiring an additional 171,075 shares during the period. Vanguard Group Inc. raised its position in shares of ADTRAN by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,136,378 shares of the communications equipment provider’s stock worth $90,657,000 after acquiring an additional 93,428 shares in the last quarter. Vanguard Group Inc raised its position in shares of ADTRAN by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 5,136,378 shares of the communications equipment provider’s stock worth $90,657,000 after acquiring an additional 93,428 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of ADTRAN by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,537,240 shares of the communications equipment provider’s stock worth $62,432,000 after acquiring an additional 77,813 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of ADTRAN by 4.6% in the 4th quarter. Bank of New York Mellon Corp now owns 782,530 shares of the communications equipment provider’s stock worth $8,405,000 after acquiring an additional 34,560 shares in the last quarter. Hedge funds and other institutional investors own 92.91% of the company’s stock.

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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