ATN International (NASDAQ:ATNI) Releases Earnings Results, Beats Expectations By $0.90 EPS

ATN International (NASDAQ:ATNI) announced its quarterly earnings data on Wednesday. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.90, FiscalAI reports. ATN International had a net margin of 22.55% and a negative return on equity of 9.46%. The firm had revenue of $183.24 million during the quarter, compared to analyst estimates of $184.90 million.

ATN International Trading Up 7.6%

Shares of ATNI traded up $1.96 during midday trading on Thursday, hitting $27.75. 14,997 shares of the stock were exchanged, compared to its average volume of 76,717. ATN International has a 52-week low of $15.42 and a 52-week high of $33.41. The stock has a fifty day simple moving average of $28.04 and a 200 day simple moving average of $27.01. The firm has a market cap of $427.27 million, a P/E ratio of 2.70, a P/E/G ratio of 3.27 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63.

ATN International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Saturday, October 3rd were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, October 2nd. ATN International’s dividend payout ratio is 11.28%.

Insiders Place Their Bets

In related news, Director Patricia Jacobs sold 1,500 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $30.04, for a total value of $45,060.00. Following the sale, the director owned 19,958 shares in the company, valued at approximately $599,538.32. The trade was a 6.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cornelius Prior, Jr. sold 10,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $31.34, for a total value of $313,400.00. Following the completion of the sale, the insider owned 37,165 shares in the company, valued at $1,164,751.10. This represents a 21.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,638 shares of company stock valued at $1,570,333 over the last ninety days. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ATNI has been the subject of several analyst reports. Wall Street Zen cut shares of ATN International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 20th. Weiss Ratings upgraded shares of ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, ATN International has an average rating of “Hold”.

ATN International Company Profile

ATN International, Inc is a telecommunications company that provides wireless, broadband, wireline, and related communications services. Through its operating businesses, the company offers mobile voice and data, internet access, fixed-line telephone service, video, enterprise connectivity, and managed network solutions.

ATN focuses on serving rural, remote, and underserved communities where communications infrastructure may be limited. Its operations have included wireless and broadband networks in the United States, as well as telecommunications businesses in international markets such as Bermuda and the Caribbean.

The company was founded in 1987 and was formerly known as Atlantic Tele-Network, Inc It adopted the name ATN International to reflect the broader scope of its telecommunications operations.