Brokerages Anticipate AT&T Inc. (T) to Post $0.88 EPS

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Equities analysts expect AT&T Inc. (NYSE:T) to post earnings of $0.88 per share for the current quarter, according to Zacks. Eleven analysts have made estimates for AT&T’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.92. AT&T reported earnings of $0.85 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The firm is expected to report its next earnings report on Wednesday, April 24th.

According to Zacks, analysts expect that AT&T will report full-year earnings of $3.61 per share for the current financial year, with EPS estimates ranging from $3.32 to $3.72. For the next year, analysts expect that the firm will post earnings of $3.71 per share, with EPS estimates ranging from $3.55 to $3.89. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover AT&T.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 30th. The technology company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $47.99 billion during the quarter, compared to analysts’ expectations of $48.50 billion. AT&T had a net margin of 20.40% and a return on equity of 13.61%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share.

T has been the subject of a number of research reports. Bank of America set a $37.00 target price on shares of AT&T and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Cowen reissued a “buy” rating and set a $35.00 target price on shares of AT&T in a research note on Thursday. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and set a $38.00 target price for the company in a research note on Monday, December 3rd. Robert W. Baird cut their target price on shares of AT&T from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. Finally, Barclays set a $33.00 target price on shares of AT&T and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T presently has a consensus rating of “Buy” and an average target price of $35.89.

A number of large investors have recently bought and sold shares of T. NuWave Investment Management LLC acquired a new position in shares of AT&T in the 4th quarter worth approximately $40,000. Mackey Komara & Dankovich LLC acquired a new position in shares of AT&T in the 4th quarter worth approximately $76,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of AT&T by 86.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,696 shares of the technology company’s stock worth $77,000 after acquiring an additional 1,249 shares during the last quarter. New Capital Management LP lifted its holdings in shares of AT&T by 234.6% in the 4th quarter. New Capital Management LP now owns 3,349 shares of the technology company’s stock worth $96,000 after acquiring an additional 2,348 shares during the last quarter. Finally, Price Wealth Management Inc. lifted its holdings in shares of AT&T by 165.1% in the 2nd 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. Institutional investors own 63.35% of the company’s stock.

T stock opened at $30.06 on Friday. The stock has a market cap of $188.47 billion, a PE ratio of 9.86, a P/E/G ratio of 1.34 and a beta of 0.52. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. AT&T has a 52 week low of $26.80 and a 52 week high of $39.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.79%. The ex-dividend date is Wednesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.50. AT&T’s dividend payout ratio is currently 66.89%.

About AT&T

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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