AT&T (NYSE:T) Releases Q1 Earnings Guidance

AT&T (NYSE:T) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.48 or higher for the period, compared to the consensus estimate of $0.53. AT&T also updated its FY25 guidance to $1.97-2.07 EPS.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank of Canada raised their price target on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.74.

AT&T Stock Performance

Shares of T stock opened at $25.72 on Thursday. AT&T has a 1-year low of $15.94 and a 1-year high of $27.97. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $184.59 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 3.00 and a beta of 0.56. The stock’s fifty day simple moving average is $24.52 and its 200-day simple moving average is $22.96.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts predict that AT&T will post 2.14 earnings per share for the current fiscal year.

Institutional Trading of AT&T

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 26.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 48,579 shares of the technology company’s stock after purchasing an additional 10,188 shares during the period. Brighton Jones LLC’s holdings in AT&T were worth $1,106,000 at the end of the most recent reporting period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.