Analysts Anticipate AT&T Inc. (T) to Announce $0.90 EPS

Analysts expect AT&T Inc. (NYSE:T) to post $0.90 earnings per share (EPS) for the current quarter, Zacks reports. Thirteen analysts have issued estimates for AT&T’s earnings. The lowest EPS estimate is $0.87 and the highest is $0.93. AT&T posted earnings per share of $0.91 during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The business is expected to report its next earnings results on Tuesday, July 23rd.

On average, analysts expect that AT&T will report full-year earnings of $3.59 per share for the current fiscal year, with EPS estimates ranging from $3.54 to $3.73. For the next fiscal year, analysts forecast that the company will report earnings of $3.65 per share, with EPS estimates ranging from $3.49 to $3.73. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for AT&T.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.86. The firm had revenue of $44.83 billion during the quarter, compared to the consensus estimate of $45.20 billion. AT&T had a return on equity of 13.16% and a net margin of 10.59%. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share.

T has been the subject of several research analyst reports. Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Friday, March 15th. They noted that the move was a valuation call. Cowen reissued a “buy” rating and issued a $35.00 price objective on shares of AT&T in a report on Thursday, January 31st. ValuEngine downgraded AT&T from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Desjardins reissued an “average” rating and issued a $56.50 price objective on shares of AT&T in a report on Friday, April 5th. Finally, Barclays set a $32.00 price objective on AT&T and gave the company a “hold” rating in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.32.

T traded up $0.24 on Friday, reaching $30.62. The company’s stock had a trading volume of 21,874,301 shares, compared to its average volume of 31,319,600. The company has a market capitalization of $187.42 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.30 and a beta of 0.58. AT&T has a fifty-two week low of $26.80 and a fifty-two week high of $34.53. The company has a quick ratio of 0.80, a current ratio of 0.72 and a debt-to-equity ratio of 0.84.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 57.95%.

Several institutional investors have recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. raised its position in AT&T by 261.6% in the first quarter. Braun Bostich & Associates Inc. now owns 1,251 shares of the technology company’s stock worth $39,000 after acquiring an additional 905 shares in the last quarter. NuWave Investment Management LLC purchased a new position in AT&T in the fourth quarter worth $40,000. WealthTrust Arizona LLC raised its position in AT&T by 76.2% in the fourth quarter. WealthTrust Arizona LLC now owns 1,427 shares of the technology company’s stock worth $41,000 after acquiring an additional 617 shares in the last quarter. Stone House Investment Management LLC purchased a new position in AT&T in the first quarter worth $41,000. Finally, Smart Portfolios LLC raised its position in AT&T by 44.8% in the fourth quarter. Smart Portfolios LLC now owns 1,615 shares of the technology company’s stock worth $46,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 64.62% of the company’s stock.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Earnings History and Estimates for AT&T (NYSE:T)

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