$40.31 Billion in Sales Expected for AT&T Inc. (T) This Quarter
Analysts expect that AT&T Inc. (NYSE:T) will announce sales of $40.31 billion for the current fiscal quarter, Zacks Investment Research reports. Nineteen analysts have made estimates for AT&T’s earnings. The lowest sales estimate is $39.55 billion and the highest is $41.38 billion. AT&T reported sales of $40.89 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.4%. The firm is expected to report its next quarterly earnings results on Friday, October 27th.
According to Zacks, analysts expect that AT&T will report full year sales of $40.31 billion for the current year, with estimates ranging from $159.08 billion to $163.23 billion. For the next fiscal year, analysts forecast that the firm will report sales of $163.52 billion per share, with estimates ranging from $158.75 billion to $191.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow AT&T.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS.
Several brokerages have recently weighed in on T. Deutsche Bank AG reissued a “hold” rating and issued a $41.00 price objective (down from $42.00) on shares of AT&T in a research report on Saturday, April 29th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada set a $42.00 price target on shares of AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target on the stock in a research note on Wednesday, June 21st. Finally, SunTrust Banks, Inc. began coverage on shares of AT&T in a research note on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $43.50.
Shares of AT&T (T) opened at 38.10 on Friday. The firm has a 50-day moving average of $37.57 and a 200 day moving average of $39.64. The firm has a market capitalization of $233.93 billion, a price-to-earnings ratio of 17.90 and a beta of 0.47. AT&T has a 52-week low of $35.81 and a 52-week high of $43.32.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.14%. AT&T’s payout ratio is 92.45%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ullmann Financial Group Inc. bought a new stake in shares of AT&T during the first quarter valued at approximately $101,000. Feltz Wealth PLAN Inc. bought a new stake in shares of AT&T during the first quarter valued at approximately $104,000. Taylor Wealth Management Partners increased its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of AT&T during the first quarter valued at approximately $109,000. Finally, Sterling Investment Advisors Ltd. increased its stake in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares during the period. Hedge funds and other institutional investors own 55.28% of the company’s stock.
AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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