Analysts forecast that AT&T Inc. (NYSE:T) will report $0.90 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for AT&T’s earnings. The lowest EPS estimate is $0.87 and the highest is $0.93. AT&T posted earnings per share of $0.91 in the same quarter last year, which indicates a negative year over year growth rate of 1.1%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, July 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 $3.54 to $3.67. For the next fiscal year, analysts anticipate that the business will report earnings of $3.66 per share, with EPS estimates ranging from $3.53 to $3.74. Zacks’ earnings per share averages are an average based on a survey of research firms that follow AT&T.
AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, meeting the Zacks’ 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 the consensus estimate of $45.20 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis.
A number of research firms have weighed in on T. Desjardins restated an “average” rating and set a $90.00 price target on shares of MFS California Municipal Fund in a research report on Friday, April 5th. ValuEngine downgraded Wolverine World Wide from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Finally, Bank of America lifted their price objective on CarMax from $95.00 to $112.00 in a report on Monday, June 24th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $36.77.
NYSE T traded down $0.13 during trading hours on Thursday, reaching $33.58. 16,149,917 shares of the stock traded hands, compared to its average volume of 29,782,580. The firm has a 50 day moving average price of $32.71. AT&T has a 1 year low of $26.80 and a 1 year high of $34.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $245.58 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.04 dividend on an annualized basis and a yield of 6.08%. AT&T’s dividend payout ratio is presently 57.95%.
Large investors have recently made changes to their positions in the stock. NuWave Investment Management LLC bought a new stake in AT&T during the 4th quarter valued at approximately $40,000. Contravisory Investment Management Inc. boosted its position in AT&T by 36.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock valued at $43,000 after acquiring an additional 338 shares in the last quarter. Smart Portfolios LLC boosted its position in AT&T by 44.8% during the 4th quarter. Smart Portfolios LLC now owns 1,615 shares of the technology company’s stock valued at $46,000 after acquiring an additional 500 shares in the last quarter. Centaurus Financial Inc. boosted its position in AT&T by 24.4% during the 1st quarter. Centaurus Financial Inc. now owns 1,700 shares of the technology company’s stock valued at $54,000 after acquiring an additional 333 shares in the last quarter. Finally, Interactive Financial Advisors bought a new stake in AT&T during the 1st quarter valued at approximately $56,000. Institutional investors own 52.90% of the company’s stock.
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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