ADTRAN (ADTN) Scheduled to Post Earnings on Monday

ADTRAN (NASDAQ:ADTN) is set to issue 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. Parties interested in participating in the company’s conference call can do so using this link.

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

ADTRAN Stock Down 3.1 %

ADTN opened at $4.43 on Monday. The stock has a market capitalization of $350.48 million, a P/E ratio of -1.38 and a beta of 1.13. ADTRAN has a one year low of $4.43 and a one year high of $11.02. The business’s 50-day simple moving average is $5.44 and its 200-day simple moving average is $6.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.34 and a current ratio of 2.64.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADTN. StockNews.com upgraded ADTRAN to a “sell” rating in a research report on Wednesday, March 6th. Rosenblatt Securities dropped their price target on ADTRAN from $8.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $8.00 price target on shares of ADTRAN in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.