ATN International, Inc. (NASDAQ:ATNI) Expected to Post Earnings of -$0.02 Per Share

Wall Street analysts expect ATN International, Inc. (NASDAQ:ATNIGet Rating) to announce earnings of ($0.02) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ATN International’s earnings. The highest EPS estimate is $0.06 and the lowest is ($0.10). ATN International posted earnings of $0.13 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 115.4%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that ATN International will report full year earnings of ($0.12) per share for the current fiscal year, with EPS estimates ranging from ($0.27) to $0.03. For the next fiscal year, analysts expect that the firm will post earnings of $0.08 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for ATN International.

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

ATNI has been the topic of a number of research reports. StockNews.com raised ATN International from a “sell” rating to a “hold” rating in a report on Thursday, April 21st. BWS Financial decreased their target price on ATN International from $85.00 to $52.00 in a report on Friday, February 25th. Finally, Zacks Investment Research downgraded ATN International from a “buy” rating to a “hold” rating in a report on Thursday, May 5th.

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new position in ATN International in the first quarter valued at approximately $55,000. Tudor Investment Corp Et Al acquired a new position in ATN International in the third quarter valued at approximately $229,000. Cornercap Investment Counsel Inc. lifted its holdings in ATN International by 3.0% in the third quarter. Cornercap Investment Counsel Inc. now owns 22,874 shares of the technology company’s stock valued at $1,072,000 after acquiring an additional 667 shares during the period. BNP Paribas Arbitrage SA lifted its holdings 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 valued at $551,000 after acquiring an additional 6,692 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 23,324 shares during the period. 64.40% of the stock is owned by hedge funds and other institutional investors.

Shares of ATNI opened at $39.94 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.01 and a current ratio of 1.20. The stock has a 50-day moving average of $39.54 and a two-hundred day moving average of $39.43. The stock has a market cap of $626.66 million, a P/E ratio of -22.82 and a beta of 0.26. ATN International has a one year low of $32.07 and a one year high of $49.88.

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Thursday, April 7th. ATN International’s dividend payout ratio (DPR) is -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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