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.
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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.
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