Research Analysts Offer Predictions for AT&T Inc.’s FY2018 Earnings (T)
AT&T Inc. (NYSE:T) – Investment analysts at Gabelli raised their FY2018 earnings estimates for AT&T in a research note issued on Wednesday. Gabelli analyst S. Dluzhevskiy now anticipates that the technology company will post earnings of $3.50 per share for the year, up from their previous estimate of $3.45. Gabelli also issued estimates for AT&T’s FY2022 earnings at $3.85 EPS.
Other equities research analysts have also issued reports about the stock. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.62 price target for the company in a report on Thursday. Argus reiterated a “buy” rating and set a $36.83 price target (down from $48.00) on shares of AT&T in a report on Wednesday. Bank of America upped their price target on shares of AT&T from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, SunTrust Banks upped their price target on shares of AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $41.94.
AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s revenue was down .4% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in T. Lee Financial Co grew its position in AT&T by 6.8% during the 4th quarter. Lee Financial Co now owns 35,665 shares of the technology company’s stock valued at $1,387,000 after purchasing an additional 2,280 shares during the last quarter. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of AT&T during the 4th quarter valued at about $328,000. Nichols & Pratt Advisers LLP MA boosted its holdings in shares of AT&T by 3.1% during the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 102,264 shares of the technology company’s stock valued at $3,974,000 after acquiring an additional 3,107 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of AT&T by 2.9% during the 4th quarter. Arizona State Retirement System now owns 1,693,651 shares of the technology company’s stock valued at $65,849,000 after acquiring an additional 48,213 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of AT&T by 5.6% during the 4th quarter. Eagle Asset Management Inc. now owns 2,847,050 shares of the technology company’s stock valued at $107,624,000 after acquiring an additional 151,653 shares during the last quarter. 55.49% of the stock is currently owned by hedge funds and other institutional investors.
In other AT&T news, Director Richard W. Fisher bought 2,600 shares of AT&T stock in a transaction dated Monday, February 5th. The shares were purchased at an average cost of $38.10 per share, with a total value of $99,060.00. Following the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at $99,060. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the sale, the executive vice president now directly owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 5.67%. AT&T’s dividend payout ratio is 41.67%.
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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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