$45.04 Billion in Sales Expected for AT&T Inc. (T) This Quarter

Analysts expect AT&T Inc. (NYSE:T) to post sales of $45.04 billion for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for AT&T’s earnings, with estimates ranging from $44.46 billion to $46.13 billion. AT&T reported sales of $38.99 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 15.5%. The company is scheduled to report its next quarterly earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that AT&T will report full-year sales of $183.54 billion for the current year, with estimates ranging from $181.73 billion to $185.85 billion. For the next year, analysts expect that the business will post sales of $184.97 billion, with estimates ranging from $181.90 billion to $190.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover AT&T.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The business had revenue of $44.83 billion for the quarter, compared to analysts’ expectations of $45.20 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis.

Several research firms have commented on T. Desjardins restated an “average” rating and issued a $56.50 price target on shares of AT&T in a report on Friday, April 5th. Barclays set a $32.00 price target on shares of AT&T and gave the stock a “hold” rating in a report on Friday, January 18th. ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 20th. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a report on Friday, March 15th. They noted that the move was a valuation call. Finally, Cowen reiterated a “buy” rating and set a $35.00 price target on shares of AT&T in a report on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. AT&T currently has an average rating of “Hold” and a consensus price target of $36.32.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in AT&T by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 531,005,481 shares of the technology company’s stock valued at $17,831,164,000 after buying an additional 3,379,045 shares during the period. Vanguard Group Inc grew its stake in shares of AT&T by 0.6% in the third quarter. Vanguard Group Inc now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after purchasing an additional 3,379,045 shares in the last quarter. BlackRock Inc. grew its stake in shares of AT&T by 4.0% in the fourth quarter. BlackRock Inc. now owns 454,818,786 shares of the technology company’s stock worth $12,980,526,000 after purchasing an additional 17,703,030 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of AT&T by 6,759.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 96,680,677 shares of the technology company’s stock worth $3,388,000 after purchasing an additional 95,271,251 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of AT&T by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 92,792,834 shares of the technology company’s stock worth $2,643,990,000 after purchasing an additional 7,017,620 shares in the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

AT&T stock traded down $0.23 during midday trading on Friday, reaching $30.30. The company’s stock had a trading volume of 24,549,910 shares, compared to its average volume of 31,469,639. AT&T has a fifty-two week low of $26.80 and a fifty-two week high of $34.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.80 and a current ratio of 0.72. The company has a market cap of $187.42 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 1.30 and a beta of 0.58.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.73%. AT&T’s payout ratio is 57.95%.

About AT&T

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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