Wall Street brokerages predict that AT&T Inc. (NYSE:T) will report $0.65 earnings per share for the current quarter, Zacks Investment Research reports. Eighteen analysts have provided estimates for AT&T’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.61. AT&T posted earnings per share of $0.66 in the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The firm is scheduled to report its next earnings results on Wednesday, January 24th.

On average, analysts expect that AT&T will report full year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $2.96. For the next year, analysts anticipate that the firm will post earnings of $2.96 per share, with EPS estimates ranging from $2.74 to $3.12. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AT&T.

AT&T (NYSE:T) last announced its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS.

A number of equities analysts have issued reports on the stock. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 target price for the company. in a research report on Friday, October 6th. Morgan Stanley lifted their target price on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, October 11th. Robert W. Baird reiterated an “outperform” rating and set a $43.00 price target on shares of AT&T in a report on Thursday, September 21st. Finally, KeyCorp reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.83.

In related news, Director Matthew K. Rose bought 29,600 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. New Capital Management LP lifted its position in shares of AT&T by 130.9% during the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,500 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in shares of AT&T during the third quarter worth $104,000. Macroview Investment Management LLC lifted its position in shares of AT&T by 144.3% during the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,595 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of AT&T during the first quarter worth $109,000. Finally, Sterling Investment Advisors Ltd. lifted its position in shares of AT&T by 289.1% during the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,024 shares in the last quarter. Hedge funds and other institutional investors own 55.76% of the company’s stock.

Shares of AT&T (T) traded up $0.06 on Wednesday, reaching $38.94. 17,883,378 shares of the company’s stock were exchanged, compared to its average volume of 33,505,146. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $238,684.33, a PE ratio of 18.81, a P/E/G ratio of 3.23 and a beta of 0.44. AT&T has a one year low of $32.55 and a one year high of $43.03.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.14%. This is an increase from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. AT&T’s payout ratio is presently 94.69%.

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About AT&T

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

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