$0.84 EPS Expected for AT&T Inc. (T) This Quarter

Wall Street brokerages predict that AT&T Inc. (NYSE:T) will announce $0.84 earnings per share for the current fiscal quarter, according to Zacks. Fourteen analysts have provided estimates for AT&T’s earnings, with estimates ranging from $0.72 to $0.91. AT&T reported earnings of $0.78 per share in the same quarter last year, which indicates a positive year over year growth rate of 7.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that AT&T will report full year earnings of $3.50 per share for the current year, with EPS estimates ranging from $3.33 to $3.57. For the next year, analysts expect that the company will report earnings of $3.61 per share, with EPS estimates ranging from $3.31 to $3.85. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover AT&T.

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

Several equities research analysts recently issued reports on the stock. Tigress Financial raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Bank of America reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, August 21st. Macquarie reaffirmed a “buy” rating and set a $35.00 price target on shares of AT&T in a research note on Wednesday, September 12th. UBS Group raised shares of AT&T from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $33.00 to $38.00 in a research note on Friday, September 21st. They noted that the move was a valuation call. Finally, Robert W. Baird dropped their price target on shares of AT&T from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $36.35.

Shares of T stock traded down $0.23 during mid-day trading on Friday, reaching $29.54. The company’s stock had a trading volume of 5,252,552 shares, compared to its average volume of 38,457,452. AT&T has a 12-month low of $28.85 and a 12-month high of $39.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The company has a market cap of $182.76 billion, a PE ratio of 9.69, a P/E/G ratio of 2.38 and a beta of 0.42.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.77%. The ex-dividend date was Tuesday, October 9th. AT&T’s payout ratio is currently 65.57%.

In related news, Director Michael B. Mccallister bought 4,000 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was bought at an average price of $29.14 per share, with a total value of $116,560.00. Following the transaction, the director now owns 7,361 shares of the company’s stock, valued at $214,499.54. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Price Wealth Management Inc. boosted its stake in AT&T by 165.1% during the 2nd quarter. Price Wealth Management Inc. now owns 3,314 shares of the technology company’s stock valued at $106,000 after purchasing an additional 2,064 shares during the period. Chessman Wealth Strategies RIA acquired a new position in AT&T during the 3rd quarter valued at about $114,000. Stelac Advisory Services LLC acquired a new stake in shares of AT&T in the 3rd quarter worth approximately $121,000. CKW Financial Group lifted its stake in shares of AT&T by 105.0% in the 2nd quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after acquiring an additional 2,159 shares during the period. Finally, Braun Bostich & Associates Inc. acquired a new stake in shares of AT&T in the 1st quarter worth approximately $137,000. 63.84% of the stock is owned by institutional investors and hedge funds.

About AT&T

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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