Zacks: Analysts Expect AT&T Inc. (T) Will Announce Quarterly Sales of $39.43 Billion
Equities research analysts forecast that AT&T Inc. (NYSE:T) will report sales of $39.43 billion for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for AT&T’s earnings, with estimates ranging from $38.65 billion to $40.53 billion. AT&T reported sales of $39.37 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.2%. The company is expected to issue its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that AT&T will report full year sales of $39.43 billion for the current fiscal year, with estimates ranging from $156.89 billion to $163.51 billion. For the next fiscal year, analysts expect that the firm will post sales of $161.35 billion per share, with estimates ranging from $155.43 billion to $169.80 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow AT&T.
AT&T (NYSE:T) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $41.21 billion. During the same period in the prior year, the business earned $0.66 EPS. AT&T’s revenue for the quarter was down .4% compared to the same quarter last year.
In other AT&T news, Director Richard W. Fisher purchased 2,600 shares of the business’s stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $38.10 per share, with a total value of $99,060.00. Following the acquisition, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John T. Stankey sold 2,307 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total value of $90,457.47. Following the sale, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Israel Discount Bank of New York lifted its holdings in AT&T by 0.6% during the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after purchasing an additional 25 shares during the last quarter. Greatmark Investment Partners Inc. lifted its holdings in shares of AT&T by 0.4% during the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock worth $490,000 after buying an additional 53 shares in the last quarter. Cim LLC lifted its holdings in shares of AT&T by 1.0% during the second quarter. Cim LLC now owns 6,399 shares of the technology company’s stock worth $241,000 after buying an additional 62 shares in the last quarter. Stratford Consulting LLC lifted its holdings in shares of AT&T by 0.9% during the second quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock worth $275,000 after buying an additional 68 shares in the last quarter. Finally, New England Investment & Retirement Group Inc. lifted its holdings in shares of AT&T by 1.1% during the second quarter. New England Investment & Retirement Group Inc. now owns 7,122 shares of the technology company’s stock worth $269,000 after buying an additional 77 shares in the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.
AT&T (NYSE:T) traded down $0.19 during midday trading on Friday, reaching $36.41. The company had a trading volume of 24,724,420 shares, compared to its average volume of 34,310,000. AT&T has a twelve month low of $32.55 and a twelve month high of $42.70. The company has a current ratio of 0.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89. The company has a market cap of $223,520.00, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37.
The company also recently announced 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 is a boost from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 5.49%. AT&T’s dividend payout ratio (DPR) is currently 123.46%.
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AT&T Company Profile
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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