$0.61 EPS Expected for AT&T Inc. (NYSE:T) This Quarter

Wall Street analysts forecast that AT&T Inc. (NYSE:TGet Rating) will report earnings per share of $0.61 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for AT&T’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.59. AT&T reported earnings per share of $0.86 in the same quarter last year, which would suggest a negative year-over-year growth rate of 29.1%. The business is scheduled to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that AT&T will report full-year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.74. For the next fiscal year, analysts expect that the company will report earnings of $2.54 per share, with EPS estimates ranging from $1.99 to $2.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for AT&T.

AT&T (NYSE:TGet Rating) last released its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.16. AT&T had a return on equity of 13.50% and a net margin of 11.89%. The business had revenue of $38.10 billion for the quarter, compared to the consensus estimate of $38.29 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business’s revenue for the quarter was down 13.2% on a year-over-year basis.

A number of research firms have weighed in on T. Moffett Nathanson initiated coverage on AT&T in a research report on Tuesday, April 5th. They set a $19.00 price objective for the company. Wolfe Research dropped their price target on AT&T from $29.00 to $27.00 and set a “peer perform” rating for the company in a research report on Thursday, January 27th. Raymond James dropped their price target on AT&T from $32.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, April 12th. Tigress Financial raised their price objective on AT&T from $36.00 to $41.00 in a report on Thursday, January 20th. Finally, Morgan Stanley reduced their target price on AT&T from $28.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.62.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC increased its holdings in shares of AT&T by 2.3% in the 1st quarter. Smallwood Wealth Investment Management LLC now owns 32,023 shares of the technology company’s stock valued at $757,000 after acquiring an additional 717 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in AT&T by 43.5% in the first quarter. Blue Bell Private Wealth Management LLC now owns 3,155 shares of the technology company’s stock worth $75,000 after purchasing an additional 957 shares during the period. Strs Ohio increased its stake in AT&T by 0.7% during the first quarter. Strs Ohio now owns 3,142,940 shares of the technology company’s stock valued at $74,267,000 after purchasing an additional 21,329 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of AT&T by 103.7% during the first quarter. Redhawk Wealth Advisors Inc. now owns 27,450 shares of the technology company’s stock worth $649,000 after purchasing an additional 13,973 shares during the period. Finally, Empirical Finance LLC lifted its position in shares of AT&T by 12.2% in the 1st quarter. Empirical Finance LLC now owns 137,018 shares of the technology company’s stock worth $3,238,000 after buying an additional 14,885 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE T traded up $0.78 during trading hours on Thursday, reaching $20.21. The stock had a trading volume of 80,333,911 shares, compared to its average volume of 54,573,527. The firm has a market cap of $144.36 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 1.83 and a beta of 0.68. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 0.83. AT&T has a fifty-two week low of $18.85 and a fifty-two week high of $33.88. The firm has a 50-day moving average of $22.89 and a 200-day moving average of $24.25.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be given a dividend of $0.278 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Wednesday, April 13th. AT&T’s payout ratio is 40.22%.

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.

Recommended Stories

Get a free copy of the Zacks research report on AT&T (T)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.