Analysts Anticipate AT&T Inc. (T) to Post $0.65 Earnings Per Share

Wall Street brokerages expect that AT&T Inc. (NYSE:T) will post $0.65 earnings per share for the current fiscal quarter, according to Zacks. Eighteen analysts have provided estimates for AT&T’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.61. AT&T posted earnings of $0.66 per share during the same quarter last year, which indicates a negative year over year growth rate of 1.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that AT&T will report full-year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $2.98. For the next financial year, analysts expect that the firm will post earnings of $2.96 per share, with EPS estimates ranging from $2.74 to $3.12. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for AT&T.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share 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 for the quarter, compared to analysts’ expectations of $40.34 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis.

T has been the subject of a number of research reports. Macquarie reaffirmed a “buy” rating and set a $43.00 target price on shares of AT&T in a report on Friday, September 1st. Jefferies Group reissued a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Thursday, August 24th. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective for the company. in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Standpoint Research began coverage on shares of AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.83.

In other news, Director Matthew K. Rose bought 29,600 shares of AT&T stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now owns 3,100 shares in the company, valued at approximately $104,625. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of AT&T by 6,188.8% in the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after buying an additional 6,790,430 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of AT&T by 37.7% in the 3rd quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock valued at $905,538,000 after buying an additional 6,330,819 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of AT&T by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after buying an additional 5,619,434 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of AT&T by 18,965.9% in the 3rd quarter. Stifel Financial Corp now owns 4,941,889 shares of the technology company’s stock valued at $193,917,000 after buying an additional 4,915,969 shares in the last quarter. 55.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of AT&T (T) traded up $0.50 during mid-day trading on Wednesday, reaching $38.55. 26,954,766 shares of the company’s stock were exchanged, compared to its average volume of 25,431,855. AT&T has a twelve month low of $32.55 and a twelve month high of $43.03. The stock has a market capitalization of $236,105.94, a PE ratio of 13.13, a P/E/G ratio of 3.20 and a beta of 0.44. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.00 annualized dividend and a yield of 5.19%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is 94.69%.

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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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