FY2024 EPS Forecast for ATN International Cut by Analyst

ATN International, Inc. (NASDAQ:ATNI - Free Report) - Investment analysts at Sidoti Csr dropped their FY2024 EPS estimates for shares of ATN International in a research note issued to investors on Thursday, October 31st. Sidoti Csr analyst G. Burns now expects that the technology company will earn ($0.69) per share for the year, down from their previous estimate of $0.30. The consensus estimate for ATN International's current full-year earnings is $0.09 per share. Sidoti Csr also issued estimates for ATN International's Q4 2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.14) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.32) EPS and FY2026 earnings at $0.25 EPS.

A number of other equities research analysts have also issued reports on ATNI. StockNews.com lowered shares of ATN International from a "buy" rating to a "hold" rating in a report on Thursday. BWS Financial reaffirmed a "buy" rating and set a $30.00 price objective on shares of ATN International in a report on Friday.

ATN International Stock Performance

ATN International stock traded down $0.63 during midday trading on Monday, hitting $19.92. The stock had a trading volume of 156,538 shares, compared to its average volume of 108,186. The firm's fifty day moving average is $29.77 and its two-hundred day moving average is $25.95. The company has a market capitalization of $301.07 million, a PE ratio of -7.32, a P/E/G ratio of 23.29 and a beta of 0.62. ATN International has a 52-week low of $18.20 and a 52-week high of $39.88. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATNI. BNP Paribas Financial Markets boosted its stake in ATN International by 52.6% during the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company's stock worth $180,000 after buying an additional 1,968 shares during the period. 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. Innealta Capital LLC bought a new stake in ATN International in the second quarter worth about $26,000. Brown Brothers Harriman & Co. boosted its position in shares of ATN International by 1.7% during the second quarter. Brown Brothers Harriman & Co. now owns 605,803 shares of the technology company's stock valued at $13,812,000 after buying an additional 10,000 shares during the period. Finally, Summit Trail Advisors LLC boosted its position in shares of ATN International by 26.6% during the second quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company's stock valued at $604,000 after buying an additional 5,506 shares during the period. 65.50% of the stock is currently owned by institutional investors.

ATN International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.82%. ATN International's dividend payout ratio is currently -35.29%.

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.