ADTRAN (NASDAQ:ADTN) released its quarterly earnings data on Tuesday. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.17, MarketWatch Earnings reports. ADTRAN had a negative net margin of 2.15% and a negative return on equity of 0.56%. The business had revenue of $140.34 million during the quarter, compared to analysts’ expectations of $146.00 million. During the same period in the previous year, the company earned $0.33 EPS.
ADTN traded down $1.19 on Thursday, reaching $13.82. The company had a trading volume of 92,051 shares, compared to its average volume of 444,535. ADTRAN has a 1 year low of $13.95 and a 1 year high of $25.10. The stock has a market cap of $842.60 million, a PE ratio of 15.90 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.93 and a quick ratio of 1.90.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.60%. ADTRAN’s dividend payout ratio (DPR) is presently 40.45%.
A number of brokerages recently weighed in on ADTN. Bank of America raised shares of ADTRAN from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 13th. MKM Partners boosted their price target on shares of ADTRAN from $21.00 to $22.00 in a research report on Thursday, September 13th. ValuEngine raised shares of ADTRAN from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. BidaskClub cut shares of ADTRAN from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research raised shares of ADTRAN from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. ADTRAN currently has an average rating of “Hold” and a consensus price target of $17.89.
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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