Analysts Anticipate AT&T Inc. (T) Will Announce Earnings of $0.85 Per Share

Brokerages forecast that AT&T Inc. (NYSE:T) will announce earnings of $0.85 per share for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for AT&T’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.79. AT&T also reported earnings per share of $0.85 during the same quarter last year. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that AT&T will report full-year earnings of $3.59 per share for the current year, with EPS estimates ranging from $3.55 to $3.73. For the next year, analysts anticipate that the business will report earnings of $3.66 per share, with EPS estimates ranging from $3.49 to $3.74. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover AT&T.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.86. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The business had revenue of $47.99 billion for the quarter, compared to the consensus estimate of $48.50 billion. During the same period last year, the business posted $0.78 EPS. The business’s revenue was up 15.2% compared to the same quarter last year.

A number of analysts have recently weighed in on the company. ValuEngine cut AT&T from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 5th. Cowen reissued a “buy” rating and issued a $35.00 price objective on shares of AT&T in a research report on Thursday, January 31st. Desjardins reissued an “average” rating and issued a $56.50 price objective on shares of AT&T in a research report on Friday, April 5th. Barclays set a $32.00 price objective on AT&T and gave the stock a “hold” rating in a research report on Friday, January 18th. Finally, Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Friday, March 15th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.26.

In other AT&T news, CEO John T. Stankey sold 3,748 shares of AT&T stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Salem Capital Management Inc. increased its stake in AT&T by 18.2% during the 1st quarter. Salem Capital Management Inc. now owns 149,268 shares of the technology company’s stock worth $4,681,000 after buying an additional 22,936 shares in the last quarter. Ridgewood Investments LLC increased its stake in AT&T by 3.9% during the 1st quarter. Ridgewood Investments LLC now owns 17,136 shares of the technology company’s stock worth $537,000 after buying an additional 642 shares in the last quarter. Retirement Systems of Alabama increased its stake in AT&T by 1.0% during the 1st quarter. Retirement Systems of Alabama now owns 4,461,753 shares of the technology company’s stock worth $139,921,000 after buying an additional 43,086 shares in the last quarter. Affiance Financial LLC increased its stake in AT&T by 6.6% during the 1st quarter. Affiance Financial LLC now owns 8,440 shares of the technology company’s stock worth $265,000 after buying an additional 522 shares in the last quarter. Finally, Viking Fund Management LLC increased its stake in AT&T by 6.4% during the 1st quarter. Viking Fund Management LLC now owns 216,000 shares of the technology company’s stock worth $6,774,000 after buying an additional 13,000 shares in the last quarter. 64.59% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:T traded down $0.20 on Wednesday, reaching $32.00. The company had a trading volume of 477,409 shares, compared to its average volume of 30,043,334. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $197.68 billion, a PE ratio of 9.09, a P/E/G ratio of 1.36 and a beta of 0.59. AT&T has a 52-week low of $26.80 and a 52-week high of $35.82.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a yield of 6.38%. AT&T’s dividend payout ratio is currently 57.95%.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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