AT&T Inc. (NYSE:T - Free Report) - Analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for AT&T in a report issued on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the technology company will post earnings of $2.18 per share for the year, down from their previous estimate of $2.21. The consensus estimate for AT&T's current full-year earnings is $2.19 per share. Zacks Research also issued estimates for AT&T's Q4 2024 earnings at $0.46 EPS, Q1 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.55 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $0.54 EPS and FY2026 earnings at $2.22 EPS.
A number of other research analysts also recently weighed in on T. Hsbc Global Res raised AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Royal Bank of Canada reissued a "sector perform" rating and issued a $22.00 price target on shares of AT&T in a research report on Thursday, October 24th. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $19.00 to $28.00 in a report on Monday. Wells Fargo & Company dropped their target price on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Finally, Redburn Atlantic upgraded shares of AT&T to a "strong sell" rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.53.
Check Out Our Latest Report on AT&T
AT&T Stock Up 0.4 %
Shares of T traded up $0.09 during mid-day trading on Thursday, hitting $22.57. 43,151,000 shares of the company's stock were exchanged, compared to its average volume of 35,633,434. The stock has a market cap of $161.95 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 3.60 and a beta of 0.59. The firm has a fifty day moving average of $22.58 and a two-hundred day moving average of $20.70. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T has a twelve month low of $15.94 and a twelve month high of $24.03.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $30.50 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis.
AT&T Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.92%. AT&T's dividend payout ratio (DPR) is presently 90.24%.
Institutional Trading of AT&T
Several large investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC grew its stake in shares of AT&T by 227.6% during the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company's stock valued at $25,000 after purchasing an additional 91,578 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in AT&T in the 3rd quarter valued at $25,000. Riggs Asset Managment Co. Inc. boosted its position in AT&T by 356.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock valued at $27,000 after buying an additional 1,116 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after buying an additional 841 shares during the period. Finally, American Capital Advisory LLC raised its position in shares of AT&T by 107.5% during the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock worth $30,000 after acquiring an additional 807 shares during the last quarter. Institutional investors own 57.10% of the company's stock.
About AT&T
(
Get Free Report)
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
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