ADTRAN, Inc. Announces Quarterly Dividend of $0.09 (ADTN)

ADTRAN, Inc. (NASDAQ:ADTN) announced a quarterly dividend on Tuesday, January 16th, RTT News reports. Stockholders of record on Wednesday, January 31st will be paid a dividend of 0.09 per share by the communications equipment provider on Wednesday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Tuesday, January 30th.

Shares of ADTRAN (NASDAQ ADTN) opened at $19.50 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.36 and a quick ratio of 2.43. The company has a market capitalization of $938.92, a PE ratio of 22.16, a PEG ratio of 2.86 and a beta of 0.77. ADTRAN has a 12 month low of $18.65 and a 12 month high of $25.10.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, October 17th. The communications equipment provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.13. The company had revenue of $185.11 million during the quarter, compared to the consensus estimate of $185.43 million. ADTRAN had a return on equity of 9.05% and a net margin of 6.05%. analysts anticipate that ADTRAN will post 0.68 earnings per share for the current year.

In related news, SVP Kevin P. Heering sold 9,809 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $21.60, for a total value of $211,874.40. Following the transaction, the senior vice president now owns 10,162 shares of the company’s stock, valued at approximately $219,499.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Raymond R. Schansman sold 48,056 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $21.70, for a total transaction of $1,042,815.20. Following the completion of the transaction, the senior vice president now directly owns 11,658 shares in the company, valued at approximately $252,978.60. The disclosure for this sale can be found here. 2.96% of the stock is currently owned by company insiders.

Several analysts have recently commented on ADTN shares. Zacks Investment Research upgraded ADTRAN from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, October 20th. BidaskClub downgraded ADTRAN from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. MKM Partners reduced their target price on ADTRAN from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, December 29th. Northland Securities set a $28.00 target price on ADTRAN and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Cowen restated a “hold” rating and issued a $16.00 target price on shares of ADTRAN in a research note on Friday, December 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.44.

TRADEMARK VIOLATION WARNING: This piece of content was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.truebluetribune.com/2018/01/17/adtran-inc-announces-quarterly-dividend-of-0-09-adtn.html.

ADTRAN Company Profile

ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.

Dividend History for ADTRAN (NASDAQ:ADTN)

Receive News & Ratings for ADTRAN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADTRAN and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply