Analysts expect ATN International, Inc. (NASDAQ:ATNI – Get Rating) to post $185.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for ATN International’s earnings, with estimates ranging from $185.52 million to $185.74 million. ATN International reported sales of $124.51 million in the same quarter last year, which would suggest a positive year over year growth rate of 49.1%. The company is scheduled to announce its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that ATN International will report full-year sales of $751.26 million for the current year, with estimates ranging from $747.96 million to $754.55 million. For the next financial year, analysts anticipate that the business will post sales of $767.07 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow ATN International.
ATN International (NASDAQ:ATNI – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The technology company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. ATN International had a positive return on equity of 0.55% and a negative net margin of 3.67%. The company had revenue of $187.57 million for the quarter, compared to analysts’ expectations of $185.06 million. During the same period last year, the firm earned ($0.78) earnings per share.
A number of large investors have recently made changes to their positions in ATNI. Bank of New York Mellon Corp lifted its position in ATN International by 12.0% in the third quarter. Bank of New York Mellon Corp now owns 217,943 shares of the technology company’s stock valued at $10,211,000 after purchasing an additional 23,324 shares during the period. SG Americas Securities LLC acquired a new stake in shares of ATN International during the 3rd quarter valued at approximately $740,000. BNP Paribas Arbitrage SA lifted its position in shares of ATN International by 132.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,752 shares of the technology company’s stock valued at $551,000 after acquiring an additional 6,692 shares during the period. Tudor Investment Corp Et Al acquired a new stake in shares of ATN International during the 3rd quarter valued at approximately $229,000. Finally, Strs Ohio acquired a new stake in shares of ATN International during the 3rd quarter valued at approximately $89,000. Hedge funds and other institutional investors own 63.90% of the company’s stock.
ATN International stock opened at $41.16 on Monday. The stock’s fifty day moving average is $37.66 and its two-hundred day moving average is $40.03. The stock has a market cap of $645.76 million, a PE ratio of -28.39 and a beta of 0.28. ATN International has a 1-year low of $32.07 and a 1-year high of $49.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.05 and a quick ratio of 1.01.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 8th were given a $0.17 dividend. The ex-dividend date was Thursday, April 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.65%. ATN International’s payout ratio is currently -46.90%.
ATN International Company Profile (Get Rating)
ATN International, Inc, through its subsidiaries, provides telecommunications services. It operates in three segments: International Telecom, US Telecom, and Renewable Energy. The International Telecom segment provides fixed data and voice; fixed, carrier, managed, and mobility services to customers in Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands, as well as video services in Bermuda, the Cayman Islands, and the US Virgin Islands.
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