Wall Street brokerages predict that AT&T Inc. (NYSE:T) will announce earnings of $0.87 per share for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have issued estimates for AT&T’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.91. AT&T posted earnings per share of $0.74 during the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The company is expected to report its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that AT&T will report full-year earnings of $3.39 per share for the current year, with EPS estimates ranging from $2.84 to $3.55. For the next financial year, analysts anticipate that the firm will post earnings of $3.46 per share, with EPS estimates ranging from $2.93 to $3.69. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover AT&T.
AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The business had revenue of $41.68 billion for the quarter, compared to the consensus estimate of $41.21 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year.
Shares of AT&T (T) traded up $0.25 during mid-day trading on Friday, reaching $36.72. The company’s stock had a trading volume of 17,146,238 shares, compared to its average volume of 32,110,000. AT&T has a fifty-two week low of $32.55 and a fifty-two week high of $42.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.60 and a current ratio of 0.97. The stock has a market capitalization of $225,420.00, a P/E ratio of 24.64, a PEG ratio of 2.54 and a beta of 0.37.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 annualized dividend and a yield of 5.45%. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is 134.23%.
In other AT&T news, EVP John T. Stankey sold 2,307 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Donovan bought 27,997 shares of the company’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the transaction, the chief executive officer now directly owns 179,834 shares in the company, valued at approximately $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. boosted its position in shares of AT&T by 202.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 13,775,075 shares of the technology company’s stock worth $535,574,000 after purchasing an additional 9,225,075 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after purchasing an additional 9,053,649 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of AT&T by 53.3% in the 4th quarter. Lazard Asset Management LLC now owns 21,916,005 shares of the technology company’s stock worth $852,092,000 after purchasing an additional 7,619,113 shares in the last quarter. American Century Companies Inc. boosted its position in shares of AT&T by 90.2% in the 4th quarter. American Century Companies Inc. now owns 15,886,607 shares of the technology company’s stock worth $617,671,000 after purchasing an additional 7,535,393 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of AT&T by 6,188.8% in the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock worth $260,343,000 after purchasing an additional 6,790,430 shares in the last quarter. 55.14% of the stock is currently owned by institutional investors and hedge funds.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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