ATN International (NASDAQ:ATNI) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Key Points

• ATN International reported a quarterly EPS of ($0.24), missing the consensus estimate of ($0.07) by ($0.17), with revenue of $181.30 million against an expectation of $184.67 million.
• The company increased its quarterly dividend to $0.275 per share, reflecting an annualized dividend of $1.10 and a yield of 7.3%, up from the previous dividend of $0.24.
• Institutional investors own 65.50% of ATN International's stock, with Strs Ohio recently acquiring a new stake valued at approximately $138,000.

ATN International (NASDAQ:ATNI - Get Free Report) posted its quarterly earnings results on Thursday, August 7th. The technology company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.17), Zacks reports. The business had revenue of $181.30 million for the quarter, compared to analyst estimates of $184.67 million. ATN International had a negative return on equity of 0.61% and a negative net margin of 6.26%. ATN International updated its FY 2025 guidance to EPS.

ATN International Trading Down 5.6%

NASDAQ:ATNI traded down $0.90 on Thursday, hitting $15.18. The stock had a trading volume of 76,574 shares, compared to its average volume of 35,069. The company has a quick ratio of 1.11, a current ratio of 1.22 and a debt-to-equity ratio of 1.00. The stock has a market cap of $231.65 million, a price-to-earnings ratio of -4.50 and a beta of 0.69. The company has a fifty day moving average price of $16.83 and a two-hundred day moving average price of $17.27. ATN International has a 1-year low of $13.76 and a 1-year high of $33.72.

ATN International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 30th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 7.2%. The ex-dividend date was Monday, June 30th. This is a positive change from ATN International's previous quarterly dividend of $0.24. ATN International's dividend payout ratio (DPR) is presently -32.64%.

Hedge Funds Weigh In On ATN International

Several institutional investors and hedge funds have recently bought and sold shares of ATNI. Marshall Wace LLP boosted its holdings in ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company's stock valued at $777,000 after purchasing an additional 27,714 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company's stock valued at $1,141,000 after purchasing an additional 10,253 shares during the last quarter. Finally, Strs Ohio acquired a new position in ATN International in the 1st quarter valued at about $138,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of ATN International from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

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.