Q4 2024 EPS Estimates for AT&T Inc. Decreased by Analyst (NYSE:T)

AT&T Inc. (NYSE:T) – Stock analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for AT&T in a report issued on Tuesday, September 12th. Zacks Research analyst S. Bose now anticipates that the technology company will post earnings of $0.61 per share for the quarter, down from their prior forecast of $0.62. The consensus estimate for AT&T’s current full-year earnings is $2.43 per share.

Several other equities analysts have also issued reports on T. Barclays lowered their price target on AT&T from $18.00 to $17.00 in a research note on Thursday, July 6th. Argus lowered AT&T from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. JPMorgan Chase & Co. lowered AT&T from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $17.00 in a research note on Friday, July 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on AT&T from $23.00 to $22.00 in a research note on Friday, July 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $20.00 price objective on shares of AT&T in a research note on Thursday, August 3rd. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.00.

AT&T Price Performance

NYSE T opened at $14.62 on Wednesday. AT&T has a twelve month low of $13.43 and a twelve month high of $20.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $104.52 billion, a PE ratio of -11.98, a P/E/G ratio of 1.79 and a beta of 0.64. The stock has a 50-day simple moving average of $14.52 and a 200 day simple moving average of $16.42.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. AT&T had a positive return on equity of 15.91% and a negative net margin of 7.22%. The business had revenue of $29.92 billion during the quarter, compared to analysts’ expectations of $30.07 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The firm’s revenue was up .9% compared to the same quarter last year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 7.59%. The ex-dividend date was Friday, July 7th. AT&T’s payout ratio is -90.98%.

Hedge Funds Weigh In On AT&T

Several hedge funds have recently modified their holdings of the stock. Ontario Teachers Pension Plan Board bought a new position in AT&T during the first quarter worth about $868,000. Point72 Europe London LLP bought a new position in AT&T during the fourth quarter worth about $28,443,000. Great Lakes Advisors LLC grew its holdings in AT&T by 195.8% during the first quarter. Great Lakes Advisors LLC now owns 416,107 shares of the technology company’s stock worth $8,010,000 after purchasing an additional 275,431 shares during the period. Hills Bank & Trust Co grew its holdings in AT&T by 147.1% during the first quarter. Hills Bank & Trust Co now owns 38,395 shares of the technology company’s stock worth $739,000 after purchasing an additional 22,854 shares during the period. Finally, Atria Investments Inc grew its holdings in AT&T by 21.9% during the first quarter. Atria Investments Inc now owns 447,498 shares of the technology company’s stock worth $8,618,000 after purchasing an additional 80,329 shares during the period. Institutional investors own 53.65% of the company’s stock.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. 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.