Q2 2018 EPS Estimates for ADTRAN, Inc. Decreased by Analyst (ADTN)

ADTRAN, Inc. (NASDAQ:ADTN) – Jefferies Group cut their Q2 2018 earnings estimates for ADTRAN in a research report issued on Wednesday. Jefferies Group analyst G. Notter now anticipates that the communications equipment provider will post earnings of $0.23 per share for the quarter, down from their previous forecast of $0.27. Jefferies Group has a “Hold” rating and a $17.25 price objective on the stock. Jefferies Group also issued estimates for ADTRAN’s Q4 2018 earnings at $0.22 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS and Q4 2019 earnings at $0.17 EPS.

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

ADTRAN (ADTN) opened at $16.40 on Friday. The stock has a market cap of $802.89, a PE ratio of 32.80, a P/E/G ratio of 2.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.98 and a quick ratio of 2.43. ADTRAN has a 12-month low of $16.25 and a 12-month high of $25.10.

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

Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of ADTRAN by 1.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,890,822 shares of the communications equipment provider’s stock valued at $93,379,000 after purchasing an additional 56,668 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ADTRAN by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,001,065 shares of the communications equipment provider’s stock valued at $61,972,000 after purchasing an additional 130,835 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of ADTRAN by 1.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,776,203 shares of the communications equipment provider’s stock valued at $66,629,000 after purchasing an additional 26,778 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of ADTRAN by 25.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,620,128 shares of the communications equipment provider’s stock valued at $33,456,000 after purchasing an additional 328,600 shares in the last quarter. Finally, State Street Corp boosted its position in shares of ADTRAN by 4.3% during the 2nd quarter. State Street Corp now owns 1,332,947 shares of the communications equipment provider’s stock valued at $27,527,000 after purchasing an additional 54,671 shares in the last quarter. Institutional investors own 91.37% of the company’s stock.

In other news, SVP Kevin P. Heering sold 9,809 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $21.60, for a total transaction of $211,874.40. Following the completion of the transaction, the senior vice president now owns 10,162 shares in the company, valued at approximately $219,499.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.96% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 2.20%. ADTRAN’s dividend payout ratio (DPR) is 72.00%.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2018/01/21/q2-2018-eps-estimates-for-adtran-inc-decreased-by-analyst-adtn.html.

About ADTRAN

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit