Analysts expect ADTRAN, Inc. (NASDAQ:ADTN) to report earnings of $0.03 per share for the current quarter, according to Zacks. Two analysts have issued estimates for ADTRAN’s earnings, with estimates ranging from $0.02 to $0.04. ADTRAN posted earnings per share of $0.37 in the same quarter last year, which suggests a negative year over year growth rate of 91.9%. The business is scheduled to issue its next earnings results on Tuesday, October 16th.

According to Zacks, analysts expect that ADTRAN will report full year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.36) to ($0.25). For the next year, analysts expect that the business will post earnings of $0.51 per share, with EPS estimates ranging from $0.40 to $0.67. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for ADTRAN.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Tuesday, July 17th. The communications equipment provider reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.15. The company had revenue of $128.05 million during the quarter, compared to analysts’ expectations of $127.80 million. ADTRAN had a negative return on equity of 0.56% and a negative net margin of 2.15%. During the same period in the prior year, the firm earned $0.26 earnings per share.

Several research firms recently issued reports on ADTN. BidaskClub upgraded ADTRAN from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Northland Securities lowered ADTRAN from an “outperform” rating to a “market perform” rating and set a $17.00 target price on the stock. in a report on Wednesday, July 18th. ValuEngine lowered ADTRAN from a “hold” rating to a “sell” rating in a report on Friday, June 1st. MKM Partners upped their target price on ADTRAN from $21.00 to $22.00 in a report on Thursday, September 13th. Finally, Bank of America upgraded ADTRAN from an “underperform” rating to a “neutral” rating in a report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.04.

ADTN traded down $0.05 on Friday, hitting $18.45. 6,300 shares of the company were exchanged, compared to its average volume of 217,523. ADTRAN has a 12 month low of $13.95 and a 12 month high of $25.10. The firm has a market capitalization of $876.01 million, a PE ratio of 20.67 and a beta of 0.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.90 and a current ratio of 2.93.

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its stake in ADTRAN by 4.1% in the second quarter. Legal & General Group Plc now owns 102,355 shares of the communications equipment provider’s stock valued at $1,517,000 after buying an additional 4,017 shares during the period. SG Americas Securities LLC bought a new stake in ADTRAN in the first quarter valued at approximately $122,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in ADTRAN in the second quarter valued at approximately $151,000. Victory Capital Management Inc. raised its stake in ADTRAN by 0.4% in the second quarter. Victory Capital Management Inc. now owns 3,064,328 shares of the communications equipment provider’s stock valued at $45,505,000 after buying an additional 11,178 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in ADTRAN in the second quarter valued at approximately $168,000. Hedge funds and other institutional investors own 95.12% 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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Earnings History and Estimates for ADTRAN (NASDAQ:ADTN)

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