AT&T Inc. (NYSE:T) – Equities researchers at Oppenheimer Holdings upped their Q3 2017 earnings per share estimates for shares of AT&T in a research report issued on Tuesday. Oppenheimer Holdings analyst T. Horan now forecasts that the technology company will earn $0.72 per share for the quarter, up from their prior estimate of $0.71. Oppenheimer Holdings also issued estimates for AT&T’s Q4 2017 earnings at $0.70 EPS and FY2017 earnings at $2.94 EPS.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. AT&T’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share.
Several other analysts have also recently issued reports on the company. Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a report on Tuesday, April 11th. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 target price on shares of AT&T in a report on Sunday, July 9th. Tigress Financial upgraded AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 9th. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 target price for the company in a report on Monday, July 10th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Wednesday, April 19th. Twenty research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $43.40.
AT&T (NYSE:T) opened at 39.00 on Thursday. AT&T has a 1-year low of $35.81 and a 1-year high of $43.50. The firm’s 50-day moving average is $37.64 and its 200 day moving average is $39.82. The stock has a market capitalization of $239.77 billion, a price-to-earnings ratio of 19.07 and a beta of 0.47. AT&T also saw some unusual options trading on Thursday. Stock investors purchased 57,372 call options on the stock. This represents an increase of 181% compared to the typical volume of 20,452 call options.
A number of large investors have recently bought and sold shares of the stock. Ullmann Financial Group Inc. bought a new stake in AT&T during the first quarter worth about $101,000. Feltz Wealth PLAN Inc. bought a new stake in AT&T during the first quarter worth about $104,000. Taylor Wealth Management Partners raised its stake in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in AT&T during the first quarter worth about $109,000. Finally, Sterling Investment Advisors Ltd. raised its stake in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after buying an additional 2,024 shares in the last quarter. 55.32% of the stock is currently owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, July 6th. AT&T’s dividend payout ratio is currently 92.45%.
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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