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.
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.
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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