AT&T Inc. to Post Q1 2019 Earnings of $0.84 Per Share, KeyCorp Forecasts (NYSE:T)

AT&T Inc. (NYSE:T) – Stock analysts at KeyCorp cut their Q1 2019 earnings per share estimates for AT&T in a report released on Wednesday, April 17th, according to Zacks Investment Research. KeyCorp analyst B. Nispel now forecasts that the technology company will earn $0.84 per share for the quarter, down from their previous estimate of $0.86. KeyCorp also issued estimates for AT&T’s Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $0.87 EPS, FY2019 earnings at $3.53 EPS, Q1 2020 earnings at $0.86 EPS, Q2 2020 earnings at $0.91 EPS, Q3 2020 earnings at $0.94 EPS, Q4 2020 earnings at $0.86 EPS and FY2020 earnings at $3.58 EPS.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. AT&T had a return on equity of 13.16% and a net margin of 10.59%. The business had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis.

T has been the topic of a number of other research reports. Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Friday, March 15th. They noted that the move was a valuation call. Cowen reaffirmed a “buy” rating and issued a $35.00 price target on shares of AT&T in a research report on Thursday, January 31st. ValuEngine lowered AT&T from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 5th. Desjardins reaffirmed an “average” rating and issued a $56.50 price target on shares of AT&T in a research report on Friday, April 5th. Finally, Barclays set a $32.00 price objective on AT&T and gave the company a “hold” rating in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.32.

T traded up $0.24 during mid-day trading on Friday, hitting $30.62. 21,907,867 shares of the stock were exchanged, compared to its average volume of 28,652,016. AT&T has a 1-year low of $26.80 and a 1-year high of $34.53. The company has a current ratio of 0.72, a quick ratio of 0.80 and a debt-to-equity ratio of 0.84. The firm has a market cap of $186.50 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 1.29 and a beta of 0.58.

Large investors have recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. raised its holdings in AT&T by 2.7% during the third quarter. Levin Capital Strategies L.P. now owns 7,691,075 shares of the technology company’s stock worth $258,266,000 after purchasing an additional 205,047 shares during the last quarter. Private Wealth Partners LLC increased its position in AT&T by 35.7% during the third quarter. Private Wealth Partners LLC now owns 163,148 shares of the technology company’s stock worth $5,479,000 after buying an additional 42,905 shares in the last quarter. Chemical Bank increased its position in AT&T by 0.8% during the third quarter. Chemical Bank now owns 227,448 shares of the technology company’s stock worth $7,638,000 after buying an additional 1,824 shares in the last quarter. Burleson & Company LLC increased its position in AT&T by 77.7% during the third quarter. Burleson & Company LLC now owns 123,576 shares of the technology company’s stock worth $3,751,000 after buying an additional 54,034 shares in the last quarter. Finally, Pratt Collard Advisory Partners LLC increased its position in AT&T by 5.4% during the fourth quarter. Pratt Collard Advisory Partners LLC now owns 49,653 shares of the technology company’s stock worth $1,417,000 after buying an additional 2,534 shares in the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a yield of 6.66%. AT&T’s dividend payout ratio is presently 57.95%.

AT&T Company Profile

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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