AT&T (NYSE:T) Issues FY25 Earnings Guidance

AT&T (NYSE:T - Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.97-2.07 for the period, compared to the consensus estimate of $2.09. AT&T also updated its Q1 guidance to $0.48 or higher EPS.

Analysts Set New Price Targets

Several brokerages have commented on T. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Scotiabank lifted their price target on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a research note on Monday, March 3rd. Oppenheimer started coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. Finally, Tigress Financial upped their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. One equities research 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.74.

AT&T Stock Down 1.5 %

Shares of NYSE T traded down $0.38 during mid-day trading on Wednesday, hitting $25.63. The company had a trading volume of 46,238,007 shares, compared to its average volume of 41,884,988. The company has a market capitalization of $183.98 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The business's 50-day simple moving average is $24.46 and its 200 day simple moving average is $22.94. AT&T has a 1-year low of $15.94 and a 1-year high of $27.97. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

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AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, analysts predict that AT&T will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.33%. AT&T's payout ratio is 74.50%.

Institutional Trading of AT&T

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC boosted its holdings in AT&T Inc. (NYSE:T - Free Report) by 26.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,579 shares of the technology company's stock after purchasing an additional 10,188 shares during the quarter. Brighton Jones LLC's holdings in AT&T were worth $1,106,000 as of its most recent SEC filing. 57.10% of the stock is 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.