Q3 2024 EPS Estimates for ATN International, Inc. Lowered by Analyst (NASDAQ:ATNI)

ATN International, Inc. (NASDAQ:ATNI) – Research analysts at Sidoti Csr dropped their Q3 2024 earnings per share (EPS) estimates for shares of ATN International in a report issued on Thursday, July 25th. Sidoti Csr analyst G. Burns now expects that the technology company will earn $0.02 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for ATN International’s current full-year earnings is ($0.68) per share. Sidoti Csr also issued estimates for ATN International’s Q4 2024 earnings at $0.10 EPS, FY2024 earnings at ($0.32) EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.24 EPS and FY2025 earnings at $0.73 EPS.

Several other analysts have also recently issued reports on ATNI. BWS Financial reiterated a “buy” rating and set a $30.00 target price on shares of ATN International in a research report on Monday, April 29th. Raymond James restated a “strong-buy” rating and set a $32.00 target price (down previously from $40.00) on shares of ATN International in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Thursday.

ATN International Stock Up 12.7 %

ATN International stock opened at $26.07 on Friday. ATN International has a 12-month low of $18.20 and a 12-month high of $39.88. The firm has a 50 day moving average of $22.78 and a 200 day moving average of $28.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.06 and a quick ratio of 1.00.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.76. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. The business had revenue of $183.28 million during the quarter, compared to analysts’ expectations of $182.39 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share.

ATN International Announces Dividend

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On ATN International

Large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. boosted its stake in ATN International by 1.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after buying an additional 10,000 shares during the period. Keeley Teton Advisors LLC boosted its stake in shares of ATN International by 27.6% during the 4th quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock worth $751,000 after purchasing an additional 4,163 shares during the period. BNP Paribas Financial Markets grew its holdings in ATN International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,968 shares during the last quarter. GAMMA Investing LLC raised its position in ATN International by 72.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock worth $76,000 after purchasing an additional 1,400 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in ATN International by 498.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after purchasing an additional 1,625 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

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.