AT&T (NYSE:T – Get Rating) announced its quarterly earnings results on Thursday. The technology company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.16, MarketWatch Earnings reports. The company had revenue of $38.10 billion during the quarter, compared to analysts’ expectations of $38.29 billion. AT&T had a return on equity of 13.50% and a net margin of 11.89%. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share.
Shares of NYSE T traded up $0.78 during midday trading on Thursday, hitting $20.21. 3,212,639 shares of the stock traded hands, compared to its average volume of 54,213,285. The firm has a 50-day moving average of $22.97 and a two-hundred day moving average of $24.30. The firm has a market capitalization of $144.36 billion, a P/E ratio of 7.34, a PEG ratio of 1.83 and a beta of 0.68. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.66 and a current ratio of 0.70. AT&T has a one year low of $18.85 and a one year high of $33.88.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be issued a dividend of $0.278 per share. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $1.11 annualized dividend and a dividend yield of 5.50%. AT&T’s payout ratio is 40.22%.
Institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC bought a new position in AT&T in the 3rd quarter worth $453,000. Camden National Bank bought a new position in AT&T in the 4th quarter worth $278,000. NewEdge Advisors LLC raised its holdings in AT&T by 101.4% in the 4th quarter. NewEdge Advisors LLC now owns 268,550 shares of the technology company’s stock worth $6,606,000 after purchasing an additional 135,213 shares during the period. Flagship Harbor Advisors LLC raised its holdings in AT&T by 0.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 117,214 shares of the technology company’s stock worth $2,883,000 after purchasing an additional 434 shares during the period. Finally, River & Mercantile Asset Management LLP purchased a new stake in AT&T in the 4th quarter worth $2,489,000. 51.63% of the stock is currently owned by institutional investors.
AT&T Company Profile (Get Rating)
AT&T Inc provides telecommunications, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.
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