ADTRAN (ADTN) Set to Announce Earnings on Monday

ADTRAN (NASDAQ:ADTN) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings data on Monday, February 26th. The communications equipment provider reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.01). The business had revenue of $225.48 million during the quarter, compared to the consensus estimate of $232.45 million. ADTRAN had a negative net margin of 21.80% and a negative return on equity of 15.65%. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Stock Up 2.6 %

ADTN stock opened at $4.74 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.34 and a current ratio of 2.64. The company has a market capitalization of $375.03 million, a price-to-earnings ratio of -1.48 and a beta of 1.13. ADTRAN has a fifty-two week low of $4.34 and a fifty-two week high of $11.02. The stock has a fifty day moving average of $5.27 and a 200-day moving average of $6.08.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADTN. Rosenblatt Securities lowered their price target on ADTRAN from $8.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. StockNews.com raised ADTRAN to a “sell” rating in a report on Wednesday, March 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price target on shares of ADTRAN in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.50.

About ADTRAN

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.