AT&T (NYSE:T – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.15-2.25 for the period, compared to the consensus estimate of $2.20.
AT&T Price Performance
AT&T stock opened at $21.71 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The business has a 50 day simple moving average of $19.42 and a 200-day simple moving average of $18.09. AT&T has a 12 month low of $14.12 and a 12 month high of $21.86. The stock has a market capitalization of $155.66 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59.
AT&T (NYSE:T – Get Free Report) last released its earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. During the same quarter last year, the business earned $0.63 EPS. The business’s revenue was down .3% on a year-over-year basis. Equities analysts predict that AT&T will post 2.2 earnings per share for the current year.
AT&T Dividend Announcement
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Daiwa America upgraded shares of AT&T to a hold rating in a research report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of AT&T from $18.00 to $19.00 and gave the stock a sector perform rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $21.00 to $24.00 and gave the company an overweight rating in a research report on Thursday, July 25th. Evercore ISI raised their price objective on AT&T from $18.00 to $19.00 and gave the company an in-line rating in a research note on Thursday, July 25th. Finally, Oppenheimer boosted their target price on AT&T from $21.00 to $23.00 and gave the stock an outperform rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of Moderate Buy and a consensus target price of $22.06.
AT&T Company Profile
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
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