ADTRAN, Inc. (ADTN) Expected to Announce Quarterly Sales of $140.55 Million

Wall Street brokerages forecast that ADTRAN, Inc. (NASDAQ:ADTN) will report $140.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for ADTRAN’s earnings, with the lowest sales estimate coming in at $140.10 million and the highest estimate coming in at $141.00 million. ADTRAN posted sales of $120.81 million in the same quarter last year, which suggests a positive year over year growth rate of 16.3%. The company is expected to issue its next quarterly earnings results on Tuesday, April 16th.

According to Zacks, analysts expect that ADTRAN will report full-year sales of $592.90 million for the current fiscal year, with estimates ranging from $585.80 million to $600.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $598.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover ADTRAN.

ADTRAN (NASDAQ:ADTN) last released its quarterly earnings results on Wednesday, January 23rd. The communications equipment provider reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.08). The company had revenue of $140.09 million during the quarter, compared to analyst estimates of $134.25 million. ADTRAN had a negative return on equity of 4.42% and a negative net margin of 3.34%.



Several brokerages have recently commented on ADTN. ValuEngine cut ADTRAN from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. BidaskClub lowered ADTRAN from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Zacks Investment Research lowered ADTRAN from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Needham & Company LLC lowered ADTRAN from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Northland Securities set a $24.00 price objective on ADTRAN and gave the stock a “buy” rating in a report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.50.

Shares of ADTRAN stock traded down $0.61 during midday trading on Thursday, hitting $14.04. The company’s stock had a trading volume of 297,747 shares, compared to its average volume of 367,733. The stock has a market cap of $670.79 million, a PE ratio of -29.87 and a beta of 1.27. The company has a quick ratio of 2.17, a current ratio of 3.01 and a debt-to-equity ratio of 0.06. ADTRAN has a 1-year low of $10.21 and a 1-year high of $19.30.

Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC grew its position in shares of ADTRAN by 54.6% in the third quarter. MetLife Investment Advisors LLC now owns 37,392 shares of the communications equipment provider’s stock valued at $660,000 after purchasing an additional 13,202 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in ADTRAN by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,537,240 shares of the communications equipment provider’s stock valued at $62,432,000 after purchasing an additional 77,813 shares in the last quarter. First Trust Advisors LP acquired a new stake in ADTRAN during the third quarter valued at approximately $367,000. Bank of New York Mellon Corp boosted its holdings in ADTRAN by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 747,970 shares of the communications equipment provider’s stock valued at $13,202,000 after purchasing an additional 25,549 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in ADTRAN during the third quarter valued at approximately $196,000. Institutional investors own 91.72% 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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