AT&T Inc. (NYSE:T) Forecasted to Post FY2017 Earnings of $2.89 Per Share

AT&T Inc. (NYSE:T) – Research analysts at SunTrust Banks reduced their FY2017 earnings per share (EPS) estimates for shares of AT&T in a report released on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst G. Miller now expects that the technology company will post earnings of $2.89 per share for the year, down from their previous estimate of $3.02. SunTrust Banks has a “Hold” rating and a $36.00 price objective on the stock. SunTrust Banks also issued estimates for AT&T’s Q1 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.74 EPS.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. During the same period in the prior year, the business posted $0.74 EPS. AT&T’s revenue for the quarter was down 3.0% compared to the same quarter last year.

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Several other equities research analysts have also recently issued reports on the company. Barclays PLC cut their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, July 14th. Cowen and Company reissued a “market perform” rating and set a $41.00 target price (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 target price for the company. in a research note on Wednesday, July 26th. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. AT&T presently has an average rating of “Hold” and an average price target of $43.48.

AT&T (T) traded up $0.22 during trading hours on Friday, hitting $34.22. The company had a trading volume of 57,476,500 shares, compared to its average volume of 24,459,395. AT&T has a 12-month low of $32.55 and a 12-month high of $43.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.12 and a current ratio of 1.60. The firm has a market capitalization of $208,726.00, a PE ratio of 11.60, a PEG ratio of 2.74 and a beta of 0.42.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in T. Granite Investment Advisors LLC increased its position in AT&T by 98.8% during the 1st quarter. Granite Investment Advisors LLC now owns 311,792 shares of the technology company’s stock worth $12,955,000 after purchasing an additional 154,943 shares during the period. Quotient Investors LLC boosted its stake in shares of AT&T by 8.5% during the 1st quarter. Quotient Investors LLC now owns 61,475 shares of the technology company’s stock worth $2,554,000 after acquiring an additional 4,798 shares in the last quarter. Ledyard National Bank boosted its stake in shares of AT&T by 6.4% during the 1st quarter. Ledyard National Bank now owns 125,245 shares of the technology company’s stock worth $5,204,000 after acquiring an additional 7,535 shares in the last quarter. Bollard Group LLC boosted its stake in shares of AT&T by 17.1% during the 1st quarter. Bollard Group LLC now owns 543,761 shares of the technology company’s stock worth $22,593,000 after acquiring an additional 79,329 shares in the last quarter. Finally, Round Table Services LLC boosted its stake in shares of AT&T by 7.4% during the 1st quarter. Round Table Services LLC now owns 12,469 shares of the technology company’s stock worth $518,000 after acquiring an additional 857 shares in the last quarter. Institutional investors own 55.04% of the company’s stock.

In related news, Director Matthew K. Rose purchased 29,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 5.73%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio (DPR) is presently 94.69%.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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Earnings History and Estimates for AT&T (NYSE:T)

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