AT&T Inc. (NYSE:T) – Research analysts at Oppenheimer boosted their FY2018 earnings per share estimates for shares of AT&T in a research report issued to clients and investors on Monday, November 5th. Oppenheimer analyst T. Horan now expects that the technology company will post earnings per share of $3.57 for the year, up from their prior estimate of $3.52. Oppenheimer also issued estimates for AT&T’s Q4 2018 earnings at $0.91 EPS and FY2020 earnings at $3.88 EPS.
T has been the subject of a number of other research reports. Bank of America set a $37.00 price target on shares of AT&T and gave the stock a “buy” rating in a report on Tuesday, October 23rd. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, July 24th. Raymond James downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price target for the company. in a report on Friday, July 13th. Finally, Macquarie reaffirmed a “buy” rating and set a $35.00 price target on shares of AT&T in a report on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.95.
NYSE T opened at $30.96 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $187.36 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 2.44 and a beta of 0.42. AT&T has a 12-month low of $28.85 and a 12-month high of $39.33.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.90 earnings per share (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 the consensus estimate of $45.73 billion. AT&T had a net margin of 20.40% and a return on equity of 13.61%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of AT&T by 2.8% during the first quarter. BlackRock Inc. now owns 387,352,856 shares of the technology company’s stock worth $13,809,130,000 after buying an additional 10,535,763 shares during the period. Newport Trust Co increased its position in shares of AT&T by 1.5% during the second quarter. Newport Trust Co now owns 204,091,273 shares of the technology company’s stock worth $6,553,371,000 after buying an additional 3,055,174 shares during the period. Northern Trust Corp increased its position in shares of AT&T by 13.7% during the second quarter. Northern Trust Corp now owns 83,934,430 shares of the technology company’s stock worth $2,695,135,000 after buying an additional 10,082,798 shares during the period. Dimensional Fund Advisors LP increased its position in shares of AT&T by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 82,556,205 shares of the technology company’s stock worth $2,650,940,000 after buying an additional 11,990,755 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of AT&T by 21.2% during the second quarter. Bank of New York Mellon Corp now owns 72,724,434 shares of the technology company’s stock worth $2,335,182,000 after buying an additional 12,709,982 shares during the period. Hedge funds and other institutional investors own 64.81% of the company’s stock.
In related news, Director Michael B. Mccallister acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average price of $29.14 per share, with a total value of $116,560.00. Following the purchase, the director now directly owns 7,361 shares in the company, valued at $214,499.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend was Tuesday, October 9th. AT&T’s payout ratio is 65.57%.
AT&T Company Profile
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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