Zacks Research Issues Pessimistic Outlook for AT&T Earnings

AT&T Inc. (NYSE:T - Free Report) - Analysts at Zacks Research cut their Q4 2024 EPS estimates for AT&T in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the technology company will earn $0.49 per share for the quarter, down from their previous forecast of $0.51. The consensus estimate for AT&T's current full-year earnings is $2.22 per share. Zacks Research also issued estimates for AT&T's Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.59 EPS and FY2026 earnings at $2.43 EPS.

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 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 analyst estimates of $30.50 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The business's quarterly revenue was down .5% compared to the same quarter last year.

A number of other research firms also recently issued reports on T. Daiwa America raised AT&T to a "hold" rating in a research report on Friday, July 26th. Citigroup lifted their price target on AT&T from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. TD Cowen upped their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Oppenheimer increased their price objective on AT&T from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Redburn Atlantic upgraded 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 assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.40.

AT&T Stock Up 2.0 %

Shares of NYSE T traded up $0.44 during midday trading on Friday, hitting $22.69. The stock had a trading volume of 40,191,875 shares, compared to its average volume of 35,514,727. The company has a market cap of $162.81 billion, a P/E ratio of 18.45, a PEG ratio of 3.35 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The business's 50 day moving average is $21.85 and its 200-day moving average is $19.67. AT&T has a 52 week low of $15.75 and a 52 week high of $22.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in AT&T during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after purchasing an additional 841 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in shares of AT&T by 356.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock worth $27,000 after purchasing an additional 1,116 shares during the last quarter. American Capital Advisory LLC increased its holdings in AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock worth $30,000 after purchasing an additional 807 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new position in AT&T during the 3rd quarter worth about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Thursday, October 10th. AT&T's dividend payout ratio is presently 90.24%.

About AT&T

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.