Zacks: Analysts Expect AT&T Inc. (T) Will Post Earnings of $0.66 Per Share
Analysts expect that AT&T Inc. (NYSE:T) will report earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Eighteen analysts have made estimates for AT&T’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.70. AT&T also reported earnings per share of $0.66 in the same quarter last year. The company is expected to announce its next earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that AT&T will report full-year earnings of $2.94 per share for the current year, with EPS estimates ranging from $2.87 to $3.00. For the next fiscal year, analysts forecast that the firm will report earnings of $2.98 per share, with EPS estimates ranging from $2.74 to $3.14. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for AT&T.
AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis.
A number of brokerages have commented on T. Macquarie restated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price objective for the company in a research report on Thursday, September 28th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. KeyCorp reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Finally, Robert W. Baird reduced their price objective on AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.48.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in T. Ullmann Financial Group Inc. bought a new position in shares of AT&T in the 1st quarter valued at about $101,000. New Capital Management LP boosted its position in shares of AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. bought a new position in shares of AT&T in the third quarter valued at approximately $104,000. Macroview Investment Management LLC boosted its position in shares of AT&T by 144.3% in the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after acquiring an additional 1,595 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in shares of AT&T in the first quarter valued at approximately $109,000. Institutional investors own 55.21% of the company’s stock.
Shares of AT&T (NYSE:T) traded down $0.32 during mid-day trading on Tuesday, reaching $33.86. The company’s stock had a trading volume of 9,911,339 shares, compared to its average volume of 24,479,494. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T has a 12 month low of $32.55 and a 12 month high of $43.03. The firm has a market capitalization of $209,770.00, a P/E ratio of 11.68, a P/E/G ratio of 2.76 and a beta of 0.41.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio is presently 94.23%.
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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