Jefferies Financial Group Research Analysts Lower Earnings Estimates for BT Group plc (BT)

BT Group plc (NYSE:BT) – Equities research analysts at Jefferies Financial Group decreased their FY2021 EPS estimates for shares of BT Group in a research note issued on Monday, May 20th. Jefferies Financial Group analyst J. Dellis now expects that the utilities provider will earn $1.70 per share for the year, down from their previous estimate of $1.79. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for BT Group’s FY2022 earnings at $1.80 EPS, FY2023 earnings at $1.87 EPS and FY2024 earnings at $1.93 EPS.

A number of other equities research analysts have also recently weighed in on the stock. ValuEngine raised shares of BT Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. JPMorgan Chase & Co. raised shares of BT Group from a “neutral” rating to an “overweight” rating in a research report on Thursday, January 24th. Bank of America cut shares of BT Group from a “buy” rating to a “neutral” rating in a research report on Thursday, January 31st. Berenberg Bank cut shares of BT Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Finally, Zacks Investment Research raised shares of BT Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.00.

Shares of BT opened at $13.09 on Wednesday. BT Group has a 1-year low of $13.00 and a 1-year high of $17.33. The firm has a market capitalization of $26.19 billion, a P/E ratio of 10.31 and a beta of 0.59. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.95 and a quick ratio of 0.92.

Large investors have recently made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of BT Group by 3.3% in the fourth quarter. Northern Trust Corp now owns 1,746,659 shares of the utilities provider’s stock valued at $26,549,000 after buying an additional 56,506 shares during the last quarter. Eagle Global Advisors LLC raised its holdings in shares of BT Group by 11.5% in the first quarter. Eagle Global Advisors LLC now owns 203,229 shares of the utilities provider’s stock valued at $3,006,000 after buying an additional 20,969 shares during the last quarter. Checchi Capital Advisers LLC purchased a new stake in shares of BT Group in the fourth quarter valued at about $164,000. LPL Financial LLC purchased a new stake in shares of BT Group in the third quarter valued at about $151,000. Finally, Lindbrook Capital LLC purchased a new stake in shares of BT Group in the fourth quarter valued at about $45,000. 0.97% of the stock is owned by institutional investors and hedge funds.

BT Group Company Profile

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.

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Earnings History and Estimates for BT Group (NYSE:BT)

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