Zacks: Analysts Anticipate AT&T Inc. (T) Will Post Earnings of $0.65 Per Share

Brokerages predict that AT&T Inc. (NYSE:T) will post $0.65 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eighteen analysts have made estimates for AT&T’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.68. AT&T posted earnings of $0.66 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1.5%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, January 31st.

According to Zacks, analysts expect that AT&T will report full-year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $2.96. For the next fiscal year, analysts forecast that the company will post earnings of $2.95 per share, with EPS estimates ranging from $2.74 to $3.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow AT&T.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business’s revenue was down 3.0% compared to the same quarter last year.

A number of equities analysts have recently commented on T shares. SunTrust Banks reiterated a “hold” rating and issued a $36.00 target price on shares of AT&T in a report on Friday, October 27th. Nomura dropped their target price on AT&T to $42.00 and set a “buy” rating for the company in a report on Tuesday, November 21st. Standpoint Research started coverage on AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price for the company. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price for the company in a report on Monday, October 16th. Finally, Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $42.58.

AT&T (NYSE:T) traded down $0.26 during trading hours on Friday, reaching $37.49. The company’s stock had a trading volume of 27,943,977 shares, compared to its average volume of 30,340,000. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T has a 1-year low of $32.55 and a 1-year high of $42.70. The company has a market cap of $230,150.00, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 3.14 and a beta of 0.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.33%. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is presently 94.23%.

In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of T. Vanguard Group Inc. raised its position in AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of AT&T by 6,188.8% in the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock worth $260,343,000 after acquiring an additional 6,790,430 shares in the last quarter. Nordea Investment Management AB raised its position in shares of AT&T by 37.7% in the 3rd quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock worth $905,538,000 after acquiring an additional 6,330,819 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of AT&T by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after acquiring an additional 5,619,434 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of AT&T by 18,965.9% in the 3rd quarter. Stifel Financial Corp now owns 4,941,889 shares of the technology company’s stock worth $193,917,000 after acquiring an additional 4,915,969 shares in the last quarter. 55.76% of the stock is owned by institutional investors and hedge funds.

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About AT&T

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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Earnings History and Estimates for AT&T (NYSE:T)

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