ATN International (NASDAQ:ATNI) Announces Earnings Results, Misses Estimates By $0.05 EPS

ATN International (NASDAQ:ATNI – Get Rating) announced its earnings results on Wednesday. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05), MarketWatch Earnings reports. ATN International had a positive return on equity of 0.55% and a negative net margin of 3.67%. During the same quarter in the prior year, the company posted $0.17 EPS.

ATN International stock opened at $40.52 on Friday. ATN International has a fifty-two week low of $32.07 and a fifty-two week high of $49.88. The stock has a market cap of $635.72 million, a PE ratio of -27.94 and a beta of 0.28. The firm’s 50-day simple moving average is $38.13 and its 200 day simple moving average is $39.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.05.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 8th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, April 7th. ATN International’s dividend payout ratio (DPR) is presently -46.90%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in shares of ATN International by 12.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 217,943 shares of the technology company’s stock worth $10,211,000 after purchasing an additional 23,324 shares during the last quarter. Geode Capital Management LLC increased its position in ATN International by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 179,013 shares of the technology company’s stock worth $7,151,000 after buying an additional 1,771 shares during the last quarter. California State Teachers Retirement System increased its position in ATN International by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 15,448 shares of the technology company’s stock worth $617,000 after buying an additional 322 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in ATN International by 132.3% in the third quarter. BNP Paribas Arbitrage SA now owns 11,752 shares of the technology company’s stock worth $551,000 after buying an additional 6,692 shares during the last quarter. Finally, Credit Suisse AG increased its position in ATN International by 18.8% in the fourth quarter. Credit Suisse AG now owns 8,963 shares of the technology company’s stock worth $358,000 after buying an additional 1,417 shares during the last quarter. Hedge funds and other institutional investors own 63.90% of the company’s stock.

A number of equities analysts recently weighed in on ATNI shares. Zacks Investment Research raised shares of ATN International from a “sell” rating to a “hold” rating in a research note on Wednesday. BWS Financial decreased their target price on shares of ATN International from $85.00 to $52.00 in a research report on Friday, February 25th. Finally, StockNews.com raised shares of ATN International from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st.

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.

Featured Articles