$0.27 EPS Expected for ADTRAN, Inc. (ADTN)

September 17, 2017 - By Louis Casey

 $0.27 EPS Expected for ADTRAN, Inc. (ADTN)
Investors sentiment increased to 1 in Q4 2016. Its up 0.09, from 0.91 in 2016Q3. It increased, as 23 investors sold ADTRAN, Inc. shares while 48 reduced holdings. 24 funds opened positions while 47 raised stakes. 43.85 million shares or 1.24% more from 43.31 million shares in 2016Q3 were reported.
The Massachusetts-based Rhumbline Advisers has invested 0.01% in ADTRAN, Inc. (NASDAQ:ADTN). 25,970 are owned by Thrivent Financial For Lutherans. State Of New Jersey Common Pension Fund D holds 225,000 shares. Moreover, Jacobs Levy Equity Mgmt Inc has 0.13% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 306,258 shares. Vanguard Grp holds 0.01% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN) for 4.18 million shares. Citadel Lc has 0% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 14,177 shares. Comerica National Bank holds 0.03% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN) for 171,037 shares. Schwab Charles Inv Mngmt holds 0.01% in ADTRAN, Inc. (NASDAQ:ADTN) or 358,786 shares. First Limited Partnership reported 94,918 shares or 0.01% of all its holdings. Nordea Ab owns 0% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 6,259 shares. Tower Rech Cap Limited Liability Corp (Trc) has 504 shares for 0% of their portfolio. Fmr Lc holds 0% or 100,051 shares. Horrell Cap Management invested in 0.02% or 1,250 shares. Invesco Limited holds 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN) for 360,784 shares. 2.70M are owned by Dimensional Fund Advsrs Limited Partnership.

Analysts expect ADTRAN, Inc. (NASDAQ:ADTN) to report $0.27 EPS on October, 17.They anticipate $0.01 EPS change or 3.85 % from last quarter’s $0.26 EPS. ADTN’s profit would be $12.87 million giving it 20.79 P/E if the $0.27 EPS is correct. After having $0.27 EPS previously, ADTRAN, Inc.’s analysts see 0.00 % EPS growth. The stock increased 0.45% or $0.1 on September 15, reaching $22.45. About 604,385 shares traded or 105.35% up from the average. ADTRAN, Inc. (NASDAQ:ADTN) has risen 6.95% since September 17, 2016 and is uptrending. It has underperformed by 9.75% the S&P500.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Coverage

Among 9 analysts covering Adtran Inc. (NASDAQ:ADTN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Adtran Inc. had 23 analyst reports since September 9, 2015 according to SRatingsIntel. As per Thursday, January 7, the company rating was upgraded by M Partners. The firm has “Hold” rating by Drexel Hamilton given on Wednesday, September 9. On Tuesday, July 18 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Buy” rating given on Tuesday, September 5 by Northland Capital. The company was upgraded on Thursday, February 4 by Cowen & Co. Stifel Nicolaus upgraded the stock to “Buy” rating in Friday, January 8 report. On Thursday, December 17 the stock rating was upgraded by JP Morgan to “Overweight”. M Partners maintained it with “Neutral” rating and $16 target in Thursday, October 15 report. Northland Capital maintained it with “Buy” rating and $2400 target in Monday, July 3 report. Jefferies maintained ADTRAN, Inc. (NASDAQ:ADTN) rating on Monday, August 21. Jefferies has “Hold” rating and $20.5 target.

ADTRAN, Inc. is a provider of networking and communications equipment. The company has market cap of $1.07 billion. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It has a 27.97 P/E ratio. It operates through two divisions: Network Solutions and Services & Support.

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