Brokerages Expect AT&T Inc. (T) Will Post Earnings of $0.85 Per Share

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Wall Street analysts predict that AT&T Inc. (NYSE:T) will post $0.85 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Fourteen analysts have provided estimates for AT&T’s earnings, with estimates ranging from $0.72 to $0.91. AT&T posted earnings per share of $0.78 during the same quarter last year, which indicates a positive year over year growth rate of 9%. The business is expected to report its next earnings results before the market opens on Wednesday, January 30th.

On average, analysts expect that AT&T will report full year earnings of $3.52 per share for the current financial year, with EPS estimates ranging from $3.44 to $3.57. For the next financial year, analysts expect that the company will report earnings of $3.62 per share, with EPS estimates ranging from $3.32 to $3.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AT&T.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.04). The business had revenue of $45.74 billion during the quarter, compared to analyst estimates of $45.73 billion. AT&T had a net margin of 20.40% and a return on equity of 13.61%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS.

A number of analysts have recently issued reports on T shares. Bank of America restated a “buy” rating and set a $37.00 price target on shares of AT&T in a report on Friday, December 14th. Argus restated a “buy” rating and set a $48.00 price target on shares of AT&T in a report on Friday, October 26th. Cowen raised their price target on shares of AT&T from $34.00 to $36.00 in a report on Sunday, December 9th. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and set a $31.82 price target for the company in a report on Sunday, December 9th. Finally, Citigroup upgraded shares of AT&T from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a report on Tuesday, December 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $35.97.

In other AT&T news, Director Michael B. Mccallister purchased 4,000 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was bought at an average price of $29.14 per share, with a total value of $116,560.00. Following the transaction, the director now directly owns 7,361 shares of the company’s stock, valued at approximately $214,499.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Hanson & Doremus Investment Management raised its stake in AT&T by 24.3% during the 2nd quarter. Hanson & Doremus Investment Management now owns 81,694 shares of the technology company’s stock worth $2,623,000 after acquiring an additional 15,966 shares in the last quarter. Whittier Trust Co. raised its stake in AT&T by 9.5% during the 2nd quarter. Whittier Trust Co. now owns 462,757 shares of the technology company’s stock worth $14,859,000 after acquiring an additional 40,293 shares in the last quarter. BP PLC raised its stake in AT&T by 30.5% during the 2nd quarter. BP PLC now owns 914,826 shares of the technology company’s stock worth $29,375,000 after acquiring an additional 213,826 shares in the last quarter. AdvisorNet Financial Inc raised its stake in AT&T by 14.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 50,507 shares of the technology company’s stock worth $1,622,000 after acquiring an additional 6,247 shares in the last quarter. Finally, Keeler Thomas Management LLC raised its stake in AT&T by 17.0% during the 2nd quarter. Keeler Thomas Management LLC now owns 17,042 shares of the technology company’s stock worth $547,000 after acquiring an additional 2,479 shares in the last quarter. 63.41% of the stock is owned by institutional investors.

T stock opened at $30.40 on Tuesday. The stock has a market capitalization of $186.26 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. AT&T has a 12 month low of $26.80 and a 12 month high of $39.29.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 10th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend is Wednesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.50. AT&T’s dividend payout ratio (DPR) is currently 65.57%.

About AT&T

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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