AT&T (T) Projected to Post Earnings on Monday

AT&T (NYSE:T - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Monday, January 27th. Analysts expect AT&T to post earnings of $0.48 per share and revenue of $31,938,646.81 billion for the quarter. AT&T has set its FY24 guidance at $2.15-2.25 EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect AT&T to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AT&T Stock Up 1.2 %

AT&T stock traded up $0.28 during midday trading on Monday, hitting $22.30. 33,632,584 shares of the company's stock were exchanged, compared to its average volume of 28,784,102. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market cap of $159.97 billion, a PE ratio of 18.13, a P/E/G ratio of 3.46 and a beta of 0.59. The firm has a 50-day moving average of $22.79 and a two-hundred day moving average of $21.35. AT&T has a 12 month low of $15.94 and a 12 month high of $24.03.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.98%. AT&T's payout ratio is presently 90.24%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on T. The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Sanford C. Bernstein assumed coverage on AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. Wells Fargo & Company dropped their price objective on AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Evercore ISI increased their price target on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada upgraded shares of AT&T from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $22.00 to $26.00 in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.83.

About AT&T

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.