Last $68.67 USD
Change Today +1.17 / 1.73%
Volume 34.2K
ATNI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

atlantic tele-network inc (ATNI) Snapshot

Open
$67.90
Previous Close
$67.50
Day High
$68.98
Day Low
$66.96
52 Week High
11/13/14 - $73.55
52 Week Low
07/21/14 - $53.25
Market Cap
1.1B
Average Volume 10 Days
55.2K
EPS TTM
$4.50
Shares Outstanding
15.9M
EX-Date
12/29/14
P/E TM
15.3x
Dividend
$1.16
Dividend Yield
1.63%
Current Stock Chart for ATLANTIC TELE-NETWORK INC (ATNI)

atlantic tele-network inc (ATNI) Related Businessweek News

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atlantic tele-network inc (ATNI) Details

Atlantic Tele-Network, Inc., through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. The company operates through four segments: U.S. Wireless, International Integrated Telephony, Island Wireless, and U.S. Wireline. It offers wholesale wireless voice and data roaming services in rural markets to national, regional, local, and international wireless carriers located principally in the Southwest and Midwest; and wireless voice and data services to retail and business customers in Bermuda, Guyana, the Caribbean, and smaller markets in the United States. The company also provides wireless devices and accessories comprising smartphones, feature phones, wireless hot spots, and various wireless solutions for small businesses; and sells original equipment manufacturer and after-market accessories, such as phone protection, battery charging solutions, and Bluetooth hands-free kits. In addition, it offers domestic wireline local and long-distance telephone services in Guyana; international voice and data communications into and out of Guyana; and facilities-based integrated voice and broadband data communications services, and wholesale transport services to enterprise and residential customers in Vermont, New York, and New Hampshire, as well as wholesale long-distance voice services to telecommunications carriers. The company provides its wholesale transport and capacity services to telecommunications carriers, such as local exchange carriers, wireless carriers, and interstate integrated providers. Atlantic Tele-Network, Inc. provides its wireless services under the Commnet, Choice, Mio, CellOne, Islandcom, and Cellink names; and wireline services under the GT&T, eMagine, Sovernet, ION, and Essextel names. The company offers its services through direct sales, retail stores, and independent dealers. Atlantic Tele-Network, Inc. was founded in 1987 and is headquartered in Beverly, Massachusetts.

1,000 Employees
Last Reported Date: 03/17/14
Founded in 1987

atlantic tele-network inc (ATNI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.5M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $838.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $735.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

atlantic tele-network inc (ATNI) Key Developments

Atlantic Tele-Network, Inc. Enters into a Fourth Amended and Restated Credit Agreement

On December 19, 2014, Atlantic Tele-Network, Inc. entered into a Fourth amended and restated credit agreement among the company, as Borrower, certain of the company’s subsidiaries, as Guarantors, CoBank, ACB (“CoBank”), as Administrative Agent, Lead Arranger, Swingline Lender, an Issuing Lender and a Lender, Fifth Third Bank, as a Joint Lead Arranger, MUFG Union Bank, N.A., as a Joint Lead Arranger and an Issuing Lender, and the other Lenders named therein. The credit agreement provides for a $225 million revolving credit facility. The Company may use up to $10 million under the Credit Facility for standby or trade letters of credit, up to $25 million under the Credit Facility for letters of credit that are necessary or desirable to qualify for disbursements from the FCC’s mobility fund and up to $10 million under a swingline sub-facility. Upon the closing of the Credit Facility, approximately $10.6 million of letters of credit were issued, outstanding and undrawn. The Credit Facility matures on December 19, 2019 unless accelerated pursuant to an event of default. All amounts outstanding under the Credit Facility will be due and payable upon the earlier of the maturity date or the acceleration of the loans and commitments upon an event of default. Amounts borrowed under the Credit Facility bear interest at a rate equal to, at the company’s option, either the London Interbank Offered Rate (LIBOR) plus an applicable margin ranging between 1.50% to 1.75% or a base rate plus an applicable margin ranging from 0.50% to 0.75%. Swingline loans will bear interest at the base rate plus the applicable margin for base rate loans. The base rate is equal to the higher of 1.00% plus the higher of the one-week LIBOR and (y) the one-month LIBOR; the federal funds effective rate (as defined in the Credit Agreement) plus 0.50% per annum; and the prime rate (as defined in the Credit Agreement). The applicable margin is determined based on the ratio (as further defined in the Credit Agreement) of the Company’s indebtedness to EBITDA. Under the terms of the Credit Agreement, the Company must also pay a fee ranging from 0.175% to 0.250% of the average daily unused portion of the Credit Facility over each calendar quarter.

Atlantic Tele-Network, Inc. Declares Quarterly Dividend, Payable on January 9, 2015

Atlantic Tele-Network, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.29 per share, payable on January 9, 2015, on all common shares outstanding to stockholders of record as of December 31, 2014.

Atlantic Tele-Network, Inc. Reports Unaudited Consolidated Earnings for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Atlantic Tele-Network, Inc. reported unaudited consolidated earnings for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $89,393,000 compared to $79,350,000 a year ago. Operating income was $28,158,000 compared to $20,038,000 a year ago. Income from continuing operations before income taxes was $28,483,000 compared to $6,996,000 a year ago. Income from continuing operations was $18,914,000 compared to $4,515,000 a year ago. Net income was $18,914,000 compared to $307,752,000 a year ago. Net income attributable to the company stockholders was $16,167,000 compared to $276,224,000 a year ago. Diluted income per share from continuing operations was $1.01 compared to $0.10 a year ago. Diluted net income per share was $1.01 compared to $17.43 a year ago. Adjusted EBITDA was $40,973,000 compared to $34,983,000 a year ago. Capital expenditures for the quarter were $16.6 million. For the nine months, the company reported total revenue of $247,836,000 compared to $215,807,000 a year ago. Operating income was $66,014,000 compared to $48,023,000 a year ago. Income from continuing operations before income taxes was $66,096,000 compared to $30,024,000 a year ago. Income from continuing operations was $43,636,000 compared to $18,730,000 a year ago. Net income was $43,636,000 compared to $329,093,000 a year ago. Net income attributable to the company stockholders was $35,520,000 compared to $293,859,000 a year ago. Diluted income per share from continuing operations was $2.22 compared to $0.81 a year ago. Diluted net income per share was $2.22 compared to $18.61 a year ago. Net cash provided by operating activities was $51,049,000 compared to $84,513,000 a year ago. Capital expenditures, net were $41,699,000 compared to $55,171,000 a year ago. Adjusted EBITDA was $104,107,000 compared to $86,138,000 a year ago. Cash flow from operations was $55.7 million. Capital expenditures were $41.7 million year-to-date. The company expects full year 2014 capital expenditures in the range of $60.0 million to $65.0 million.

 

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Valuation ATNI Industry Range
Price/Earnings 21.2x
Price/Sales 3.4x
Price/Book 1.6x
Price/Cash Flow 10.6x
TEV/Sales 2.0x
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