Wall Street brokerages expect AT&T Inc. (NYSE:T) to post earnings per share of $0.78 for the current quarter, according to Zacks Investment Research. Sixteen analysts have issued estimates for AT&T’s earnings, with estimates ranging from $0.67 to $0.86. AT&T posted earnings per share of $0.89 in the same quarter last year, which indicates a negative year over year growth rate of 12.4%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, July 23rd.

According to Zacks, analysts expect that AT&T will report full year earnings of $3.19 per share for the current financial year, with EPS estimates ranging from $2.94 to $3.40. For the next financial year, analysts forecast that the business will report earnings of $3.37 per share, with EPS estimates ranging from $2.78 to $3.80. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for AT&T.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.01). The firm had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $44.75 billion. AT&T had a net margin of 8.05% and a return on equity of 13.27%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS.

A number of brokerages recently commented on T. Credit Suisse Group cut their target price on AT&T from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Cowen cut AT&T from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $43.00 to $37.00 in a report on Monday, March 23rd. Wells Fargo & Co dropped their target price on AT&T from $36.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, April 3rd. Raymond James lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Monday, March 16th. Finally, Robert W. Baird downgraded AT&T from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $41.00 to $33.00 in a research note on Monday, March 23rd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.94.

Shares of T traded up $0.16 during mid-day trading on Thursday, hitting $29.93. The company’s stock had a trading volume of 10,820,528 shares, compared to its average volume of 39,514,864. The stock’s 50-day moving average is $30.61 and its two-hundred day moving average is $33.30. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $213.84 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72. AT&T has a one year low of $26.08 and a one year high of $39.70.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, July 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.95%. AT&T’s dividend payout ratio is currently 58.26%.

In other news, Director Stephen J. Luczo bought 36,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were bought at an average cost of $29.38 per share, for a total transaction of $1,057,680.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Geoffrey Y. Yang bought 6,754 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was purchased at an average price of $29.39 per share, for a total transaction of $198,500.06. Following the completion of the acquisition, the director now directly owns 9,398 shares in the company, valued at $276,207.22. The disclosure for this purchase can be found here. 0.07% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in AT&T by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 111,210,654 shares of the technology company’s stock valued at $3,235,792,000 after purchasing an additional 1,669,793 shares during the last quarter. Norges Bank purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $2,928,300,000. Nuveen Asset Management LLC raised its stake in shares of AT&T by 18.4% in the 4th quarter. Nuveen Asset Management LLC now owns 53,216,205 shares of the technology company’s stock valued at $2,079,689,000 after acquiring an additional 8,261,619 shares during the period. Legal & General Group Plc raised its stake in shares of AT&T by 2.9% in the 1st quarter. Legal & General Group Plc now owns 47,477,604 shares of the technology company’s stock valued at $1,385,953,000 after acquiring an additional 1,345,096 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of AT&T by 7.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 30,960,127 shares of the technology company’s stock valued at $886,887,000 after acquiring an additional 2,046,164 shares during the period. Institutional investors own 53.74% of the company’s stock.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Earnings History and Estimates for AT&T (NYSE:T)

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