ATN International (NASDAQ:ATNI) Issues Earnings Results

ATN International (NASDAQ:ATNI) announced its quarterly earnings results on Wednesday. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03, Zacks reports. The firm had revenue of $184.22 million during the quarter, compared to analysts’ expectations of $183.60 million. ATN International had a negative net margin of 1.11% and a positive return on equity of 0.13%.

ATN International Trading Down 12.6%

ATNI traded down $3.76 during trading on Thursday, hitting $26.16. The company’s stock had a trading volume of 130,367 shares, compared to its average volume of 55,099. The firm has a market capitalization of $399.20 million, a P/E ratio of -28.13, a PEG ratio of 7.71 and a beta of 0.52. ATN International has a twelve month low of $13.76 and a twelve month high of $30.45. The stock’s fifty day moving average price is $24.92 and its 200-day moving average price is $20.05. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 1.01.

ATN International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Wednesday, December 31st. ATN International’s payout ratio is presently -118.28%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ATNI. Brown Brothers Harriman & Co. increased its holdings in ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after purchasing an additional 27,714 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of ATN International during the fourth quarter valued at approximately $448,000. Gamco Investors INC. ET AL boosted its position in shares of ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after buying an additional 10,253 shares during the last quarter. Finally, Strs Ohio bought a new stake in ATN International during the first quarter worth $138,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ATNI. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International has an average rating of “Hold” and an average target price of $22.00.

About ATN International

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.