Equities research analysts predict that AT&T Inc. (NYSE:T) will report earnings per share of $0.86 for the current quarter, according to Zacks Investment Research. Fourteen analysts have issued estimates for AT&T’s earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.80. AT&T posted earnings per share of $0.85 in the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The company is expected to announce its next quarterly earnings report on Wednesday, April 24th.

According to Zacks, analysts expect that AT&T will report full-year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.32 to $3.73. For the next year, analysts expect that the company will report earnings of $3.67 per share, with EPS estimates ranging from $3.49 to $3.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow AT&T.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.86. The company had revenue of $47.99 billion during the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. AT&T’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Several research firms have recently issued reports on T. Bank of America reissued a “buy” rating and set a $37.00 target price on shares of AT&T in a research note on Friday, December 14th. Cowen reissued a “buy” rating and set a $35.00 target price on shares of AT&T in a research note on Thursday, January 31st. Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and set a $31.82 target price on the stock in a research note on Sunday, December 9th. Finally, ValuEngine cut AT&T from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.52.

AT&T stock traded down $0.30 during trading hours on Monday, reaching $30.77. The company had a trading volume of 25,623,449 shares, compared to its average volume of 32,248,832. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $190.74 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. AT&T has a 12-month low of $26.80 and a 12-month high of $36.39.

In related news, CEO John T. Stankey sold 3,748 shares of the company’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total value of $111,840.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Garrett Wealth Advisory Group LLC purchased a new stake in AT&T during the fourth quarter valued at $402,000. Pinnacle Bank purchased a new stake in AT&T during the fourth quarter valued at $838,000. Occidental Asset Management LLC increased its position in AT&T by 5.7% during the fourth quarter. Occidental Asset Management LLC now owns 29,207 shares of the technology company’s stock valued at $834,000 after acquiring an additional 1,574 shares during the last quarter. Centric Wealth Management purchased a new stake in AT&T during the fourth quarter valued at $411,000. Finally, Jackson Hole Capital Partners LLC purchased a new stake in AT&T during the fourth quarter valued at $870,000. 64.57% of the stock is currently owned by institutional investors and hedge funds.

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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