ADTRAN (NASDAQ:ADTN) announced its earnings results on Tuesday. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04, Bloomberg Earnings reports. ADTRAN had a return on equity of 9.05% and a net margin of 6.05%. The business had revenue of $126.52 million during the quarter, compared to analyst estimates of $125.90 million.

Shares of ADTRAN (ADTN) traded down $0.65 during midday trading on Thursday, hitting $18.85. The company had a trading volume of 1,084,900 shares, compared to its average volume of 556,591. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $938.92, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.83 and a beta of 0.77. ADTRAN has a 12-month low of $18.60 and a 12-month high of $25.10.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.91%. ADTRAN’s payout ratio is 40.45%.

ADTN has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $22.00 target price (down previously from $26.00) on shares of ADTRAN in a research report on Friday, January 12th. Northland Securities set a $28.00 target price on ADTRAN and gave the company a “buy” rating in a research report on Wednesday, October 18th. MKM Partners dropped their target price on ADTRAN from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, December 29th. Zacks Investment Research lowered ADTRAN from a “strong-buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, BidaskClub upgraded ADTRAN from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.44.

In related news, SVP Kevin P. Heering sold 9,809 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $21.60, for a total value of $211,874.40. Following the completion of the transaction, the senior vice president now owns 10,162 shares of the company’s stock, valued at $219,499.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Raymond R. Schansman sold 48,056 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $21.70, for a total transaction of $1,042,815.20. Following the completion of the transaction, the senior vice president now directly owns 11,658 shares of the company’s stock, valued at approximately $252,978.60. The disclosure for this sale can be found here. 2.96% of the stock is currently owned by insiders.

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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 for ADTRAN (NASDAQ:ADTN)

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