Q2 2022 EPS Estimates for ATN International, Inc. (NASDAQ:ATNI) Raised by BWS Financial

ATN International, Inc. (NASDAQ:ATNIGet Rating) – Research analysts at BWS Financial boosted their Q2 2022 earnings per share estimates for shares of ATN International in a report released on Monday, May 2nd. BWS Financial analyst H. Khorsand now anticipates that the technology company will post earnings of $0.06 per share for the quarter, up from their previous forecast of ($0.02). BWS Financial also issued estimates for ATN International’s Q3 2022 earnings at $0.02 EPS, Q4 2022 earnings at $0.01 EPS and FY2022 earnings at $0.03 EPS.

Several other brokerages have also recently commented on ATNI. Zacks Investment Research upgraded shares of ATN International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday. StockNews.com upgraded shares of ATN International from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st.

NASDAQ ATNI opened at $41.13 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.01 and a debt-to-equity ratio of 0.50. ATN International has a 12-month low of $32.07 and a 12-month high of $49.88. The firm’s 50 day moving average is $38.55 and its 200-day moving average is $39.66.

ATN International (NASDAQ:ATNIGet Rating) last released its earnings results on Wednesday, April 27th. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.05). ATN International had a negative net margin of 3.96% and a positive return on equity of 0.05%. During the same period in the prior year, the firm posted $0.17 earnings per share.

Several large investors have recently added to or reduced their stakes in ATNI. 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. SG Americas Securities LLC acquired a new position in shares of ATN International during the 3rd quarter worth approximately $740,000. BNP Paribas Arbitrage SA increased its holdings 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 worth $551,000 after acquiring an additional 6,692 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in ATN International in the 3rd quarter valued at $229,000. Finally, Geode Capital Management LLC lifted its holdings in ATN International by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 179,013 shares of the technology company’s stock valued at $7,151,000 after purchasing an additional 1,771 shares during the last quarter. 64.40% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, April 7th. ATN International’s payout ratio is presently -38.86%.

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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