ATN International (NASDAQ:ATNI) Announces Earnings Results, Beats Estimates By $0.06 EPS

ATN International (NASDAQ:ATNI) released its quarterly earnings results on Wednesday, April 24th. The technology company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.06, Morningstar.com reports. The firm had revenue of $103.30 million for the quarter, compared to analysts’ expectations of $108.14 million. ATN International had a return on equity of 2.92% and a net margin of 5.29%.

NASDAQ:ATNI traded down $0.99 on Friday, reaching $60.10. 21,775 shares of the company’s stock traded hands, compared to its average volume of 57,012. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.18. The stock has a market cap of $995.61 million, a PE ratio of 46.59 and a beta of 0.40. ATN International has a 12 month low of $49.34 and a 12 month high of $88.78.

In other ATN International news, CFO Justin D. Benincasa sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $60.96, for a total transaction of $76,200.00. Following the sale, the chief financial officer now directly owns 56,876 shares of the company’s stock, valued at $3,467,160.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.34% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in shares of ATN International by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 588 shares of the technology company’s stock valued at $42,000 after purchasing an additional 251 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of ATN International during the first quarter valued at about $55,000. BNP Paribas Arbitrage SA grew its position in shares of ATN International by 886.6% during the first quarter. BNP Paribas Arbitrage SA now owns 2,427 shares of the technology company’s stock valued at $137,000 after purchasing an additional 2,181 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of ATN International during the fourth quarter valued at about $209,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of ATN International during the fourth quarter valued at about $225,000. Hedge funds and other institutional investors own 63.53% of the company’s stock.

A number of brokerages recently commented on ATNI. ValuEngine raised ATN International from a “hold” rating to a “buy” rating in a report on Friday, May 10th. BidaskClub raised ATN International from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research cut ATN International from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. ATN International currently has a consensus rating of “Hold” and a consensus target price of $73.67.

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About ATN International

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.

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Earnings History for ATN International (NASDAQ:ATNI)

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