Jefferies Group Weighs in on AT&T Inc.’s FY2018 Earnings (NYSE:T)

AT&T Inc. (NYSE:T) – Research analysts at Jefferies Group raised their FY2018 earnings per share estimates for shares of AT&T in a research report issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst S. Goldman now expects that the technology company will earn $3.48 per share for the year, up from their previous estimate of $2.92. Jefferies Group has a “Buy” rating and a $36.38 price objective on the stock.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. During the same quarter last year, the firm earned $0.66 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year.

T has been the topic of a number of other research reports. Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Deutsche Bank cut their price target on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. SunTrust Banks raised their price target on shares of AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Finally, Argus reissued a “buy” rating and issued a $36.83 price target (down previously from $48.00) on shares of AT&T in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.92.

AT&T (T) traded up $0.11 during mid-day trading on Monday, hitting $36.71. 10,091,354 shares of the company traded hands, compared to its average volume of 33,276,203. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.60 and a current ratio of 0.97. AT&T has a 52 week low of $32.55 and a 52 week high of $42.70. The company has a market cap of $225,240.00, a price-to-earnings ratio of 22.66, a P/E/G ratio of 2.51 and a beta of 0.37.

A number of hedge funds have recently bought and sold shares of the business. New Capital Management LP lifted its stake in AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. purchased a new stake in AT&T in the third quarter worth about $104,000. Macroview Investment Management LLC lifted its stake in AT&T by 144.3% in the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,595 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in AT&T in the second quarter worth about $134,000. Finally, CKW Financial Group lifted its stake in AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,724 shares during the period. Institutional investors and hedge funds own 55.39% of the company’s stock.

In other AT&T news, CEO John Donovan bought 27,997 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the transaction, the chief executive officer now owns 179,834 shares of the company’s stock, valued at approximately $6,416,477.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the transaction, the executive vice president now directly owns 51,672 shares in the company, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.50 per share. This is a positive change from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is currently 123.46%.

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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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