ATN International (ATNI) Scheduled to Post Quarterly Earnings on Wednesday

ATN International (NASDAQ:ATNI) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect ATN International to post earnings of ($0.08) per share for the quarter. ATN International has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). ATN International had a negative return on equity of 0.92% and a negative net margin of 1.91%. The business had revenue of $198.97 million during the quarter, compared to analysts’ expectations of $192.07 million. On average, analysts expect ATN International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ATN International Stock Performance

Shares of NASDAQ:ATNI opened at $26.90 on Wednesday. ATN International has a 52 week low of $26.68 and a 52 week high of $43.04. The stock has a market capitalization of $416.41 million, a P/E ratio of -21.69 and a beta of 0.39. The firm has a fifty day simple moving average of $32.14 and a two-hundred day simple moving average of $33.54. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.77.

ATN International Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Sunday, March 31st were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.12%. ATN International’s dividend payout ratio is presently -77.42%.

Hedge Funds Weigh In On ATN International

A number of large investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado lifted its holdings in ATN International by 48.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,932 shares of the technology company’s stock valued at $153,000 after buying an additional 1,275 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in ATN International by 60.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,061 shares of the technology company’s stock valued at $234,000 after buying an additional 2,292 shares in the last quarter. Keeley Teton Advisors LLC bought a new stake in ATN International during the 1st quarter valued at about $247,000. MetLife Investment Management LLC lifted its holdings in ATN International by 39.7% during the 1st quarter. MetLife Investment Management LLC now owns 6,641 shares of the technology company’s stock valued at $265,000 after buying an additional 1,887 shares in the last quarter. Finally, Credit Suisse AG lifted its holdings in ATN International by 33.6% during the 4th quarter. Credit Suisse AG now owns 10,205 shares of the technology company’s stock valued at $462,000 after buying an additional 2,568 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised shares of ATN International from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $39.00 to $40.00 in a research note on Friday, February 23rd.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.