Equities analysts forecast that AT&T Inc. (NYSE:T) will report $45.09 billion in sales for the current quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for AT&T’s earnings, with the highest sales estimate coming in at $45.53 billion and the lowest estimate coming in at $44.21 billion. AT&T posted sales of $38.04 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 18.5%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that AT&T will report full-year sales of $183.93 billion for the current year, with estimates ranging from $181.57 billion to $185.85 billion. For the next fiscal year, analysts anticipate that the company will report sales of $185.47 billion, with estimates ranging from $182.14 billion to $191.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for AT&T.

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

T has been the subject of a number of analyst reports. Desjardins reissued an “average” rating and issued a $56.50 price target on shares of AT&T in a report on Friday, April 5th. ValuEngine raised AT&T from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 20th. Barclays set a $32.00 price target on AT&T and gave the company a “hold” rating in a report on Friday, January 18th. Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a report on Friday, March 15th. They noted that the move was a valuation call. Finally, Cowen restated a “buy” rating and issued a $35.00 price objective on shares of AT&T in a research report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $36.26.

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

Several institutional investors and hedge funds have recently modified their holdings of T. Oregon Public Employees Retirement Fund boosted its stake in AT&T by 6,759.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 96,680,677 shares of the technology company’s stock worth $3,388,000 after buying an additional 95,271,251 shares during the last quarter. Norges Bank acquired a new position in shares of AT&T in the 4th quarter valued at $2,077,198,000. BlackRock Inc. lifted its stake in shares of AT&T by 4.0% in the 4th quarter. BlackRock Inc. now owns 454,818,786 shares of the technology company’s stock valued at $12,980,526,000 after purchasing an additional 17,703,030 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AT&T by 21.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,724,434 shares of the technology company’s stock valued at $2,335,182,000 after purchasing an additional 12,709,982 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of AT&T by 13.7% in the 2nd quarter. Northern Trust Corp now owns 83,934,430 shares of the technology company’s stock valued at $2,695,135,000 after purchasing an additional 10,082,798 shares during the last quarter. Hedge funds and other institutional investors own 64.59% of the company’s stock.

Shares of AT&T stock traded down $0.21 on Friday, reaching $31.99. 461,993 shares of the stock were exchanged, compared to its average volume of 30,043,334. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. AT&T has a twelve month low of $26.80 and a twelve month high of $35.82. The company has a market capitalization of $197.68 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 1.36 and a beta of 0.59.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 6.38%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 57.95%.

About AT&T

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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