ATN International (NASDAQ:ATNI) Releases Quarterly Earnings Results

ATN International (NASDAQ:ATNI) posted its quarterly earnings results on Wednesday. The technology company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.19 by $0.90, FiscalAI reports. The business had revenue of $183.24 million during the quarter, compared to the consensus estimate of $184.90 million. ATN International had a net margin of 24.50% and a negative return on equity of 6.93%.

ATN International Stock Up 2.1%

Shares of ATN International stock traded up $0.57 during trading on Friday, hitting $27.16. 42,806 shares of the stock were exchanged, compared to its average volume of 77,341. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59. The firm’s 50-day moving average price is $27.96 and its 200 day moving average price is $27.03. The stock has a market cap of $418.35 million, a price-to-earnings ratio of 2.43, a price-to-earnings-growth ratio of 3.31 and a beta of 0.73. ATN International has a 12-month low of $17.40 and a 12-month high of $33.41.

ATN International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Saturday, October 3rd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, October 2nd. ATN International’s payout ratio is 10.37%.

Insider Buying and Selling at ATN International

In other ATN International news, major shareholder Cornelius B. Prior, Jr. sold 10,000 shares of ATN International stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.34, for a total transaction of $313,400.00. Following the completion of the sale, the insider directly owned 37,165 shares of the company’s stock, valued at $1,164,751.10. The trade was a 21.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patricia Jacobs sold 1,500 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $30.04, for a total value of $45,060.00. Following the transaction, the director directly owned 19,958 shares of the company’s stock, valued at approximately $599,538.32. This represents a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 44,638 shares of company stock worth $1,415,113 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ATNI. Wall Street Zen cut ATN International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 20th. Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Two analysts have rated the stock with a Hold rating. According to MarketBeat, ATN International currently has a consensus rating of “Hold”.

About ATN International

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.