Fiscal 2022 EPS estimates for ATN International, Inc. (NASDAQ:ATNI) reduced by BWS Financial

ATN International, Inc. (NASDAQ: ATNIGet a rating) – BWS Financial cut its fiscal 2022 earnings estimates for ATN International shares in a research note released to investors on Monday, October 31. BWS Financial analyst H. Khorsand now expects the technology company to post earnings of ($0.21) per share for the year, down from his previous forecast of ($0.12). ATN International’s current annual earnings consensus estimate is ($0.12) per share. BWS Financial also released estimates for ATN International Q4 2022 earnings at $0.06 EPS, Q1 2023 earnings at ($0.02) EPS, Q2 2023 earnings at $0.16 EPS, Q3 2023 earnings at $0.20 EPS, Q4 2023 earnings at $0.46 EPS, and FY2023 earnings at $0.80 EPS.

Several other stock analysts have also recently commented on the stock. StockNews.com assumed coverage of ATN International shares in a report on Wednesday, October 12. They have set a “holding” rating on the stock. TheStreet downgraded the shares of ATN International from a “c-” rating to a “d+” rating in a report on Tuesday, October 11.

ATN International Stock Performance

ATN International Shares opened at $44.66 on Thursday. The company has a market capitalization of $703.98 million, a PE ratio of -22.11 and a beta of 0.30. ATN International has a 12-month low of $32.07 and a 12-month high of $50.45. The company’s 50-day moving average price is $41.32 and its 200-day moving average price is $43.26. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt ratio of 0.52.

Hedge funds weigh on ATN International

Several hedge funds have recently increased or reduced their stakes in the company. Mutual of America Capital Management LLC increased its position in ATN International by 16.0% in the second quarter. Mutual of America Capital Management LLC now owns 1,825 shares of the technology company valued at $86,000 after buying 252 additional shares during the period. The New York State Teachers Retirement System increased its position in ATN International by 2.8% in the third quarter. The New York State Teachers’ Retirement System now owns 14,583 shares of the technology company valued at $562,000 after purchasing an additional 400 shares during the period. US Bancorp DE increased its position in ATN International by 127.0% in the second quarter. US Bancorp DE now owns 740 shares of the technology company valued at $35,000 after buying an additional 414 shares during the period. The Tennessee State Treasury Department increased its position in ATN International by 17.9% in the first quarter. The Tennessee State Treasury Department now owns 4,164 shares of the technology company valued at $166,000 after purchasing 631 additional shares during the period. Finally, Martin & Co. Inc. TN strengthened its position in ATN International by 3.1% in the 3rd quarter. Martin & Co. Inc. TN now owns 23,921 shares of the technology company valued at $923,000 after purchasing an additional 712 shares during the period. 66.46% of the shares are currently held by institutional investors.

ATN International announces a dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 7. Investors of record on Friday, September 30 received a dividend of $0.17 per share. The ex-dividend date was Thursday, September 29. This represents an annualized dividend of $0.68 and a yield of 1.52%. ATN International’s payout ratio is -33.66%.

ATN International Company Profile

(Get a rating)

ATN International, Inc, through its subsidiaries, provides telecommunications services. It operates in three segments: International Telecom, US Telecom and Renewable Energy. The International Telecom segment provides fixed data and voice; fixed, carrier, managed and mobility services to customers in Bermuda, the Cayman Islands, Guyana and the US Virgin Islands, and video services in Bermuda, the Cayman Islands and the US Virgin Islands.

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Earnings history and estimates for ATN International (NASDAQ:ATNI)

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