Analysts Expect AT&T Inc. (NYSE:T) to Post $0.62 Earnings Per Share

Brokerages expect that AT&T Inc. (NYSE:T – Get Rating) will announce earnings of $0.62 per share for the current quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for AT&T’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.54. AT&T reported earnings per share of $0.89 in the same quarter last year, which suggests a negative year-over-year growth rate of 30.3%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that AT&T will report full-year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.45 to $2.63. For the next year, analysts anticipate that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.50 to $2.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow AT&T.

AT&T (NYSE:T – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $38.10 billion for the quarter, compared to the consensus estimate of $38.29 billion. AT&T had a net margin of 10.64% and a return on equity of 13.19%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS.

A number of analysts have commented on T shares. Barclays cut their price objective on shares of AT&T from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. StockNews.com upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research note on Monday, April 25th. The Goldman Sachs Group began coverage on shares of AT&T in a research report on Monday, April 25th. They issued a “buy” rating and a $23.00 price objective for the company. UBS Group dropped their price target on shares of AT&T from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 27th. Finally, Morgan Stanley lowered their target price on shares of 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, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.73.

Institutional investors and hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC purchased a new position in AT&T in the 3rd quarter worth about $453,000. Camden National Bank acquired a new position in shares of AT&T during the fourth quarter valued at $278,000. New World Advisors LLC increased its holdings in AT&T by 156.1% in the third quarter. New World Advisors LLC now owns 22,642 shares of the technology company’s stock valued at $577,000 after purchasing an additional 13,800 shares during the last quarter. 55I LLC increased its holdings in shares of AT&T by 157.9% in the third quarter. 55I LLC now owns 46,114 shares of the technology company’s stock worth $1,245,000 after acquiring an additional 28,235 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its position in AT&T by 16.2% during the third quarter. Sawtooth Solutions LLC now owns 61,095 shares of the technology company’s stock valued at $1,650,000 after purchasing an additional 8,517 shares during the last quarter. Institutional investors and hedge funds own 53.47% of the company’s stock.

Shares of T stock opened at $19.43 on Thursday. AT&T has a 12-month low of $16.62 and a 12-month high of $25.57. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97. The company has a market cap of $139.10 billion, a PE ratio of 8.20, a PEG ratio of 2.21 and a beta of 0.58. The business’s fifty day simple moving average is $21.68 and its 200-day simple moving average is $23.61.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th were given a $0.278 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Wednesday, April 13th. AT&T’s dividend payout ratio (DPR) is 46.84%.

AT&T Company Profile (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its 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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