ATN International (NASDAQ:ATNI) Issues Earnings Results

Key Points

• ATN reported (‑$0.18) EPS for the quarter, missing analysts' consensus by $0.30 and posting a negative net margin (‑2.05%) and negative return on equity.
• The company paid a quarterly dividend of $0.275 (annualized $1.10) for a 4.0% yield, despite a negative payout ratio (‑79.14%).
• Shares traded at $27.40 (52‑week range $13.76–$30.45) with a market cap of $421M and a negative P/E, and analysts have downgraded the stock to a MarketBeat consensus of "Reduce".

ATN International (NASDAQ:ATNI - Get Free Report) released its earnings results on Wednesday. The technology company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.30), Zacks reports. ATN International had a negative return on equity of 0.52% and a negative net margin of 2.05%.

ATN International Price Performance

Shares of NASDAQ:ATNI traded down $0.26 on Wednesday, reaching $27.40. 71,013 shares of the company traded hands, compared to its average volume of 70,889. ATN International has a fifty-two week low of $13.76 and a fifty-two week high of $30.45. The company's 50 day moving average is $27.20 and its 200-day moving average is $23.44. The stock has a market capitalization of $421.41 million, a PE ratio of -19.71, a P/E/G ratio of 4.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.25 and a quick ratio of 1.19.

ATN International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, March 31st. ATN International's dividend payout ratio is -79.14%.

Analysts Set New Price Targets

ATNI has been the subject of a number of research analyst reports. Wall Street Zen downgraded ATN International from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Weiss Ratings downgraded ATN International from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".

Institutional Investors Weigh In On ATN International

Institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of ATN International during the 1st quarter valued at $138,000. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International during the 4th quarter valued at $448,000. Ameriprise Financial Inc. lifted its position in shares of ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company's stock valued at $583,000 after acquiring an additional 2,397 shares during the last quarter. Marshall Wace LLP lifted its position in shares of ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company's stock valued at $777,000 after acquiring an additional 27,714 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of ATN International by 17.1% during 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 acquiring an additional 10,253 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company's stock.

ATN International Company Profile

ATN International, Inc NASDAQ: ATNI is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.

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