Sidoti Csr Has Negative Estimate for ATNI FY2024 Earnings

ATN International, Inc. (NASDAQ:ATNI) – Sidoti Csr decreased their FY2024 earnings per share estimates for shares of ATN International in a report released on Thursday, October 31st. Sidoti Csr analyst G. Burns now expects that the technology company will post earnings per share of ($0.69) 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.

ATNI has been the subject of a number of other reports. BWS Financial restated a “buy” rating and set a $30.00 price target on shares of ATN International in a research note on Friday. StockNews.com downgraded ATN International from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

ATN International Trading Down 3.1 %

ATN International stock opened at $19.92 on Monday. The business has a 50-day simple moving average of $29.77 and a two-hundred day simple moving average of $25.95. The company has a market cap of $301.07 million, a P/E 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 quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 0.95.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ATNI. Innealta Capital LLC purchased a new position in shares of ATN International during the 2nd quarter valued at about $26,000. GAMMA Investing LLC lifted its holdings 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 in the last quarter. SG Americas Securities LLC purchased a new position in ATN International in the 3rd quarter worth approximately $113,000. BNP Paribas Financial Markets lifted its holdings in ATN International by 52.6% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new position in ATN International in the 2nd quarter worth approximately $206,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

ATN International Announces Dividend

The business also recently disclosed 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 payout ratio is currently -35.29%.

ATN International Company Profile

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.