AT&T Inc. (NYSE:T) – Analysts at William Blair increased their Q4 2018 earnings per share estimates for AT&T in a research report issued on Monday, December 3rd. William Blair analyst J. Breen now forecasts that the technology company will post earnings per share of $0.83 for the quarter, up from their prior forecast of $0.82.
AT&T (NYSE:T) last released its earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.04). AT&T had a return on equity of 13.61% and a net margin of 20.40%. The company had revenue of $45.74 billion for the quarter, compared to analyst estimates of $45.73 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year.
Several other analysts also recently weighed in on T. Cowen upgraded AT&T from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $34.00 to $36.00 in a research report on Monday. ValuEngine upgraded AT&T from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Wells Fargo & Co downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $40.00 price objective for the company. in a research report on Wednesday, August 22nd. Finally, Bank of America set a $37.00 price objective on AT&T and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.42.
Shares of T stock opened at $30.73 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91. AT&T has a twelve month low of $28.85 and a twelve month high of $39.33. The firm has a market cap of $191.78 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.74 and a beta of 0.44.
A number of institutional investors have recently bought and sold shares of the business. Price Wealth Management Inc. raised its position in shares of AT&T by 165.1% during the second quarter. Price Wealth Management Inc. now owns 3,314 shares of the technology company’s stock worth $106,000 after acquiring an additional 2,064 shares during the last quarter. Chessman Wealth Strategies RIA acquired a new stake in AT&T during the third quarter worth approximately $114,000. Stelac Advisory Services LLC acquired a new stake in AT&T during the third quarter worth approximately $121,000. Braun Bostich & Associates Inc. acquired a new stake in AT&T during the first quarter worth approximately $137,000. Finally, CKW Financial Group grew its stake in AT&T by 105.0% during the second quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after purchasing an additional 2,159 shares during the period. Hedge funds and other institutional investors own 63.61% of the company’s stock.
In other news, Director Michael B. Mccallister bought 4,000 shares of the company’s stock in a transaction on Friday, October 26th. The stock was purchased at an average cost of $29.14 per share, for a total transaction of $116,560.00. Following the completion of the transaction, the director now owns 7,361 shares of the company’s stock, valued at $214,499.54. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.
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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