FY2017 EPS Estimates for AT&T Inc. (T) Boosted by Oppenheimer Holdings
AT&T Inc. (NYSE:T) – Equities researchers at Oppenheimer Holdings upped their FY2017 earnings per share estimates for shares of AT&T in a research report issued on Friday. Oppenheimer Holdings analyst T. Horan now forecasts that the firm will earn $3.13 per share for the year, up from their prior estimate of $3.10. Oppenheimer Holdings also issued estimates for AT&T’s FY2018 earnings at $3.28 EPS.
T has been the topic of a number of other research reports. Barclays PLC restated a “buy” rating on shares of AT&T in a research report on Sunday, July 17th. S&P Equity Research set a $46.00 target price on shares of AT&T and gave the stock a “buy” rating in a research report on Sunday, July 24th. Pacific Crest restated a “hold” rating on shares of AT&T in a research report on Wednesday, September 7th. Zacks Investment Research lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Finally, Argus restated a “buy” rating and set a $51.00 target price (up previously from $45.00) on shares of AT&T in a research report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average target price of $41.86.
AT&T (NYSE:T) traded up 0.196% on Monday, hitting $39.437. 2,626,864 shares of the stock were exchanged. The company has a 50-day moving average price of $40.24 and a 200 day moving average price of $40.53. The company has a market capitalization of $242.62 billion, a PE ratio of 17.006 and a beta of 0.30. AT&T has a 1-year low of $32.22 and a 1-year high of $43.89.
AT&T (NYSE:T) last posted its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company earned $40.50 billion during the quarter, compared to analysts’ expectations of $40.75 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio (DPR) is 83.12%.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in T. Lodestar Investment Counsel LLC IL raised its position in AT&T by 10.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 163,086 shares of the company’s stock worth $6,388,000 after buying an additional 15,381 shares during the last quarter. PGGM Investments raised its position in AT&T by 1.9% in the first quarter. PGGM Investments now owns 9,379,829 shares of the company’s stock worth $367,408,000 after buying an additional 170,813 shares during the last quarter. Vicus Capital raised its position in AT&T by 6.9% in the first quarter. Vicus Capital now owns 76,990 shares of the company’s stock worth $3,016,000 after buying an additional 4,950 shares during the last quarter. Sadoff Investment Management LLC raised its position in AT&T by 0.7% in the first quarter. Sadoff Investment Management LLC now owns 244,057 shares of the company’s stock worth $9,560,000 after buying an additional 1,656 shares during the last quarter. Finally, Forte Capital LLC ADV raised its position in AT&T by 4.8% in the first quarter. Forte Capital LLC ADV now owns 36,052 shares of the company’s stock worth $1,412,000 after buying an additional 1,649 shares during the last quarter. 53.62% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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