ATN International (NASDAQ:ATNI) Issues Earnings Results, Beats Expectations By $0.76 EPS

ATN International (NASDAQ:ATNI) issued its earnings results on Wednesday. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.76, Zacks reports. ATN International had a negative return on equity of 1.17% and a negative net margin of 1.96%. The business had revenue of $183.28 million during the quarter, compared to analyst estimates of $182.39 million. During the same period in the previous year, the company posted ($0.03) EPS. ATN International updated its FY 2024 guidance to EPS.

ATN International Stock Up 12.7 %

ATNI traded up $2.93 during midday trading on Thursday, reaching $26.07. 148,382 shares of the company were exchanged, compared to its average volume of 127,956. ATN International has a one year low of $18.20 and a one year high of $39.88. The company’s fifty day moving average price is $22.78 and its 200 day moving average price is $28.41. The company has a market cap of $399.39 million, a price-to-earnings ratio of -20.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.06.

ATN International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Sunday, June 30th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Friday, June 28th. ATN International’s dividend payout ratio is currently -73.85%.

Analyst Ratings Changes

A number of brokerages recently commented on ATNI. BWS Financial reaffirmed a “buy” rating and issued a $30.00 target price on shares of ATN International in a research report on Monday, April 29th. Raymond James reissued a “strong-buy” rating and set a $32.00 price objective (down from $40.00) on shares of ATN International in a report on Friday, April 26th.

Insider Transactions at ATN International

In other ATN International news, Chairman Michael T. Prior bought 10,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the purchase, the chairman now directly owns 523,026 shares of the company’s stock, valued at $10,397,756.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.54% of the company’s stock.

ATN International Company Profile

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.