AT&T (NYSE:T) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

AT&T (NYSE:T - Get Free Report) announced its quarterly earnings results on Wednesday. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01), Zacks reports. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion.

AT&T Stock Up 0.3 %

Shares of T traded up $0.09 on Wednesday, hitting $27.05. 15,200,149 shares of the stock traded hands, compared to its average volume of 36,608,548. AT&T has a one year low of $16.29 and a one year high of $29.03. The company has a market capitalization of $194.17 billion, a PE ratio of 18.15, a P/E/G ratio of 3.00 and a beta of 0.42. The business has a 50 day simple moving average of $26.89 and a 200 day simple moving average of $24.22. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 74.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Tigress Financial upped their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Oppenheimer boosted their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada upped their target price on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average price target of $27.24.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,579 shares of the technology company's stock after purchasing an additional 10,188 shares during the period. Brighton Jones LLC's holdings in AT&T were worth $1,106,000 at the end of the most recent reporting period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

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