Oppenheimer Equities Analysts Raise Earnings Estimates for AT&T Inc. (NYSE:T)

AT&T Inc. (NYSE:TGet Rating) – Stock analysts at Oppenheimer raised their FY2022 earnings estimates for shares of AT&T in a note issued to investors on Wednesday, January 11th. Oppenheimer analyst T. Horan now anticipates that the technology company will post earnings per share of $2.56 for the year, up from their previous forecast of $2.55. The consensus estimate for AT&T’s current full-year earnings is $2.63 per share. Oppenheimer also issued estimates for AT&T’s FY2023 earnings at $2.60 EPS, FY2024 earnings at $2.62 EPS, FY2025 earnings at $2.69 EPS and FY2026 earnings at $2.78 EPS.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AT&T from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, October 21st. Truist Financial raised shares of AT&T from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, October 21st. Barclays boosted their price objective on shares of AT&T from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, October 24th. Morgan Stanley lowered shares of AT&T from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective for the company. in a research report on Thursday, December 15th. Finally, Moffett Nathanson reissued an “underperform” rating and issued a $17.00 price objective on shares of AT&T in a research report on Monday, December 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $22.67.

AT&T Stock Up 0.7 %

T stock opened at $19.55 on Monday. The company has a market cap of $139.33 billion, a P/E ratio of 7.24, a P/E/G ratio of 2.29 and a beta of 0.61. AT&T has a 52 week low of $14.46 and a 52 week high of $21.53. The company’s 50-day moving average price is $18.85 and its 200 day moving average price is $18.18. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88.

AT&T (NYSE:TGet Rating) last issued its earnings results on Thursday, October 20th. The technology company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $29.86 billion. AT&T had a net margin of 14.44% and a return on equity of 13.24%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Monday, January 9th. This represents a $1.11 dividend on an annualized basis and a yield of 5.68%. AT&T’s dividend payout ratio (DPR) is 41.11%.

Institutional Trading of AT&T

A number of institutional investors and hedge funds have recently modified their holdings of T. Beacon Capital Management Inc. acquired a new stake in shares of AT&T in the 2nd quarter worth about $26,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of AT&T in the 2nd quarter worth about $29,000. Win Advisors Inc. increased its holdings in shares of AT&T by 65.9% in the 2nd quarter. Win Advisors Inc. now owns 1,581 shares of the technology company’s stock worth $34,000 after acquiring an additional 628 shares during the period. New Millennium Group LLC acquired a new stake in shares of AT&T in the 2nd quarter worth about $34,000. Finally, Eisler Capital UK Ltd. acquired a new stake in shares of AT&T in the 3rd quarter worth about $36,000. 51.86% of the stock is owned by institutional investors and hedge funds.

About AT&T

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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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