Wall Street analysts forecast that AT&T Inc. (NYSE:T) will report earnings per share of $0.87 for the current quarter, according to Zacks Investment Research. Sixteen analysts have made estimates for AT&T’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.83. AT&T reported earnings per share of $0.74 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.6%. The business is scheduled to report its next earnings report on Tuesday, April 24th.
On average, analysts expect that AT&T will report full-year earnings of $3.48 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.55. For the next fiscal year, analysts expect that the company will report earnings of $3.55 per share, with EPS estimates ranging from $3.37 to $3.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for AT&T.
AT&T (NYSE:T) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company had revenue of $41.68 billion for the quarter, compared to analysts’ expectations of $41.21 billion. During the same period last year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis.
Shares of AT&T (NYSE:T) traded down $0.36 on Wednesday, hitting $37.03. 18,578,183 shares of the stock traded hands, compared to its average volume of 29,170,000. AT&T has a 12 month low of $32.55 and a 12 month high of $42.70. The company has a market capitalization of $227,420.00, a PE ratio of 24.85, a PEG ratio of 2.59 and a beta of 0.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.97.
In related news, Director Richard W. Fisher bought 2,600 shares of the business’s stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Donovan bought 27,997 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $35.68 per share, for a total transaction of $998,932.96. Following the transaction, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.
A number of institutional investors have recently modified their holdings of T. Israel Discount Bank of New York lifted its holdings in shares of AT&T by 0.6% during the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after purchasing an additional 25 shares during the period. 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 purchasing an additional 62 shares during the period. Keel Point LLC lifted its holdings in shares of AT&T by 0.4% during the second quarter. Keel Point LLC now owns 20,182 shares of the technology company’s stock worth $761,000 after purchasing an additional 87 shares during the period. Asset Planning Services Ltd. lifted its holdings in shares of AT&T by 2.5% during the second quarter. Asset Planning Services Ltd. now owns 4,273 shares of the technology company’s stock worth $161,000 after purchasing an additional 104 shares during the period. Finally, AMG National Trust Bank lifted its holdings in shares of AT&T by 0.3% during the second quarter. AMG National Trust Bank now owns 43,712 shares of the technology company’s stock worth $1,649,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 59.42% of the company’s stock.
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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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