Analysts Expect ADTRAN, Inc. (ADTN) Will Post Quarterly Sales of $127.80 Million

Wall Street brokerages expect that ADTRAN, Inc. (NASDAQ:ADTN) will report sales of $127.80 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ADTRAN’s earnings. The highest sales estimate is $128.00 million and the lowest is $127.60 million. ADTRAN reported sales of $184.67 million during the same quarter last year, which indicates a negative year-over-year growth rate of 30.8%. The firm is expected to report its next earnings report on Tuesday, July 17th.

According to Zacks, analysts expect that ADTRAN will report full-year sales of $551.15 million for the current year, with estimates ranging from $537.30 million to $565.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $603.85 million per share, with estimates ranging from $572.70 million to $635.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover ADTRAN.

ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings results on Tuesday, April 17th. The communications equipment provider reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.15). ADTRAN had a return on equity of 3.33% and a net margin of 1.30%. The business had revenue of $120.81 million during the quarter, compared to analyst estimates of $126.20 million. During the same quarter last year, the company posted $0.14 EPS.

A number of equities research analysts have recently commented on ADTN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective (down previously from $22.00) on shares of ADTRAN in a research note on Thursday, April 19th. Argus cut shares of ADTRAN from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Zacks Investment Research raised shares of ADTRAN from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. BidaskClub raised shares of ADTRAN from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, ValuEngine raised shares of ADTRAN from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.32.

Shares of ADTRAN traded up $0.40, reaching $15.15, during midday trading on Monday, according to MarketBeat.com. 16,937 shares of the stock were exchanged, compared to its average volume of 529,833. The stock has a market capitalization of $694.76 million, a price-to-earnings ratio of 17.08 and a beta of 0.57. ADTRAN has a twelve month low of $13.95 and a twelve month high of $25.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.36 and a quick ratio of 2.19.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, May 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.38%. ADTRAN’s dividend payout ratio (DPR) is 40.45%.

Several large investors have recently made changes to their positions in ADTN. Schwab Charles Investment Management Inc. lifted its position in shares of ADTRAN by 2.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 442,932 shares of the communications equipment provider’s stock valued at $8,571,000 after buying an additional 11,252 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in ADTRAN in the 4th quarter valued at $319,000. California Public Employees Retirement System lifted its holdings in ADTRAN by 1.9% in the 4th quarter. California Public Employees Retirement System now owns 191,454 shares of the communications equipment provider’s stock valued at $3,705,000 after purchasing an additional 3,540 shares in the last quarter. KBC Group NV lifted its holdings in ADTRAN by 33.4% in the 4th quarter. KBC Group NV now owns 68,741 shares of the communications equipment provider’s stock valued at $1,330,000 after purchasing an additional 17,206 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in ADTRAN by 111.2% in the 4th quarter. Wells Fargo & Company MN now owns 121,147 shares of the communications equipment provider’s stock valued at $2,344,000 after purchasing an additional 63,774 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

ADTRAN Company Profile

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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