ADTRAN (NASDAQ:ADTN) released its earnings results on Tuesday. The communications equipment provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.17, MarketWatch Earnings reports. ADTRAN had a negative net margin of 2.15% and a negative return on equity of 0.56%. The company had revenue of $140.34 million during the quarter, compared to analysts’ expectations of $146.00 million. During the same quarter last year, the business earned $0.33 EPS.
Shares of ADTN traded down $1.18 during trading hours on Thursday, reaching $13.83. The company had a trading volume of 1,253,300 shares, compared to its average volume of 448,539. The company has a quick ratio of 1.90, a current ratio of 2.93 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $842.60 million, a PE ratio of 15.90 and a beta of 0.53. ADTRAN has a 12-month low of $13.52 and a 12-month high of $23.15.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 31st will be issued a $0.09 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.60%. ADTRAN’s dividend payout ratio is presently 40.45%.
ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.
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