AT&T Inc. Forecasted to Post FY2018 Earnings of $3.57 Per Share (T)

AT&T Inc. (NYSE:T) – Analysts at Oppenheimer boosted their FY2018 EPS estimates for shares of AT&T in a research note issued to investors on Monday, November 5th. Oppenheimer analyst T. Horan now expects that the technology company will post earnings of $3.57 per share for the year, up from their prior forecast of $3.52. Oppenheimer also issued estimates for AT&T’s Q4 2018 earnings at $0.91 EPS and FY2020 earnings at $3.88 EPS.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.04). AT&T had a return on equity of 13.61% and a net margin of 20.40%. The business had revenue of $45.74 billion for the quarter, compared to the consensus estimate of $45.73 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year.

T has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Bank of America upgraded shares of AT&T from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday, July 30th. They noted that the move was a valuation call. Argus restated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research report on Friday, October 26th. Macquarie restated a “buy” rating and issued a $35.00 price target on shares of AT&T in a research report on Wednesday, September 12th. Finally, Wells Fargo & Co downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $40.00 price target on the stock. in a research report on Wednesday, August 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $37.86.

T opened at $31.04 on Wednesday. AT&T has a fifty-two week low of $28.85 and a fifty-two week high of $39.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $190.06 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 2.47 and a beta of 0.42.

Several institutional investors have recently added to or reduced their stakes in T. Guardian Investment Management raised its holdings in AT&T by 8.4% during the second quarter. Guardian Investment Management now owns 143,209 shares of the technology company’s stock worth $4,598,000 after buying an additional 11,054 shares during the last quarter. Ironsides Asset Advisors LLC grew its stake in shares of AT&T by 450.8% in the 2nd quarter. Ironsides Asset Advisors LLC now owns 54,043 shares of the technology company’s stock worth $1,735,000 after acquiring an additional 44,231 shares in the last quarter. Whittier Trust Co. grew its stake in shares of AT&T by 9.5% in the 2nd quarter. Whittier Trust Co. now owns 462,757 shares of the technology company’s stock worth $14,859,000 after acquiring an additional 40,293 shares in the last quarter. BP PLC grew its stake in shares of AT&T by 30.5% in the 2nd quarter. BP PLC now owns 914,826 shares of the technology company’s stock worth $29,375,000 after acquiring an additional 213,826 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of AT&T by 14.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 50,507 shares of the technology company’s stock worth $1,622,000 after acquiring an additional 6,247 shares in the last quarter. Institutional investors own 64.81% of the company’s stock.

In related news, Director Michael B. Mccallister bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $29.14 per share, for a total transaction of $116,560.00. Following the transaction, the director now directly owns 7,361 shares of the company’s stock, valued at $214,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 10th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.44%. AT&T’s payout ratio is presently 65.57%.

AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Earnings History and Estimates for AT&T (NYSE:T)

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