ATN International (NASDAQ:ATNI – Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $183.28 million for the quarter, compared to analysts’ expectations of $182.39 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. ATN International updated its FY 2024 guidance to EPS.
ATN International Stock Performance
Shares of NASDAQ:ATNI traded up $2.93 during trading hours on Thursday, hitting $26.07. The stock had a trading volume of 148,382 shares, compared to its average volume of 127,956. The stock’s fifty day simple moving average is $22.78 and its 200 day simple moving average is $28.40. ATN International has a 1-year low of $18.20 and a 1-year high of $39.88. The firm has a market capitalization of $399.39 million, a price-to-earnings ratio of -20.05 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Sunday, June 30th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend 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 -73.85%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on ATNI
Insider Buying and Selling at ATN International
In other ATN International news, Chairman Michael T. Prior bought 10,000 shares of ATN International stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $19.88 per share, for a total transaction of $198,800.00. Following the completion of the acquisition, the chairman now owns 523,026 shares of the company’s stock, valued at approximately $10,397,756.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.54% of the stock is owned by company insiders.
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.
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