ATN International (NASDAQ:ATNI) Issues Quarterly Earnings Results

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

ATN International Stock Up 1.1%

ATNI stock traded up $0.29 on Wednesday, reaching $25.79. 117,768 shares of the company traded hands, compared to its average volume of 83,247. The firm has a fifty day simple moving average of $28.04 and a 200-day simple moving average of $27.01. The company has a market cap of $397.17 million, a P/E ratio of 2.51, a price-to-earnings-growth ratio of 3.27 and a beta of 0.73. ATN International has a one year low of $14.15 and a one year high of $33.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59.

ATN International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Saturday, October 3rd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, October 2nd. ATN International’s dividend payout ratio (DPR) is 11.28%.

Insider Buying and Selling at ATN International

In other news, Director Patricia Jacobs sold 1,500 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $30.04, for a total transaction of $45,060.00. Following the completion of the transaction, the director directly owned 19,958 shares in the company, valued at $599,538.32. This trade represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cornelius B. Prior, Jr. sold 10,000 shares of the firm’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 transaction, the insider owned 37,165 shares of the company’s stock, valued at $1,164,751.10. The trade was a 21.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 56,638 shares of company stock worth $1,778,513 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen cut shares of ATN International from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Finally, Weiss Ratings raised shares of ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently 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.