$134.25 Million in Sales Expected for ADTRAN, Inc. (ADTN) This Quarter

Equities research analysts forecast that ADTRAN, Inc. (NASDAQ:ADTN) will announce $134.25 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for ADTRAN’s earnings. The lowest sales estimate is $133.50 million and the highest is $135.00 million. ADTRAN reported sales of $126.52 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The business is expected to report its next earnings results on Tuesday, January 15th.

According to Zacks, analysts expect that ADTRAN will report full-year sales of $523.40 million for the current financial year, with estimates ranging from $522.70 million to $524.10 million. For the next financial year, analysts forecast that the company will report sales of $566.70 million, with estimates ranging from $558.40 million to $575.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for ADTRAN.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Tuesday, October 16th. The communications equipment provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.04 by $0.17. ADTRAN had a negative net margin of 3.94% and a negative return on equity of 2.20%. The business had revenue of $140.34 million for the quarter, compared to analyst estimates of $146.00 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share.

Several equities research analysts recently commented on ADTN shares. BidaskClub raised shares of ADTRAN from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of ADTRAN from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, October 9th. Northland Securities lowered shares of ADTRAN from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research note on Wednesday, July 18th. ValuEngine raised shares of ADTRAN from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Finally, Needham & Company LLC dropped their price objective on shares of ADTRAN from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, October 18th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. ADTRAN currently has an average rating of “Hold” and an average price target of $17.89.

NASDAQ:ADTN traded down $0.35 during mid-day trading on Friday, hitting $14.12. 281,984 shares of the company’s stock were exchanged, compared to its average volume of 489,516. ADTRAN has a one year low of $13.05 and a one year high of $23.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.82 and a quick ratio of 1.96. The firm has a market capitalization of $682.35 million, a P/E ratio of 15.87 and a beta of 0.92.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st will be issued a $0.09 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.36 annualized dividend and a yield of 2.55%. ADTRAN’s dividend payout ratio (DPR) is presently 40.45%.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in ADTRAN by 2.7% in the third quarter. BlackRock Inc. now owns 7,123,806 shares of the communications equipment provider’s stock worth $125,733,000 after buying an additional 189,442 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in ADTRAN by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 747,970 shares of the communications equipment provider’s stock worth $13,202,000 after buying an additional 25,549 shares during the last quarter. Heartland Advisors Inc. raised its holdings in ADTRAN by 88.8% in the third quarter. Heartland Advisors Inc. now owns 250,846 shares of the communications equipment provider’s stock worth $4,427,000 after buying an additional 117,984 shares during the last quarter. Chartwell Investment Partners LLC raised its holdings in ADTRAN by 5.3% in the third quarter. Chartwell Investment Partners LLC now owns 87,475 shares of the communications equipment provider’s stock worth $1,544,000 after buying an additional 4,405 shares during the last quarter. Finally, Zeke Capital Advisors LLC purchased a new position in ADTRAN in the third quarter worth about $267,000. 94.34% of the stock is owned by institutional investors and hedge funds.

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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