AT&T Inc. Forecasted to Earn FY2020 Earnings of $3.18 Per Share

(Ticker Report) – AT&T Inc. (NYSE:T) – Investment analysts at William Blair dropped their FY2020 earnings per share (EPS) estimates for shares of AT&T in a research report issued to clients and investors on Thursday, October 22nd.

William Blair analyst J. Breen now expects that the technology company will post earnings per share of $3.18 for the year, down from their previous estimate of $3.22.

AT&T (NYSE:T) last released its earnings results on Thursday, October 22nd. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm had revenue of $42.43 billion for the quarter, compared to analyst estimates of $41.66 billion. AT&T had a return on equity of 13.03% and a net margin of 6.84%. AT&T’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share.

Several other brokerages have also issued reports on T. Bank of America reiterated a “buy” rating and set a $36.00 price target on shares of AT&T in a report on Friday, July 24th. Credit Suisse Group reduced their target price on AT&T from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on AT&T from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Barclays began coverage on AT&T in a research report on Friday, October 2nd. They issued an “overweight” rating on the stock. Finally, Morgan Stanley dropped their price target on AT&T from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. AT&T has a consensus rating of “Hold” and a consensus target price of $33.58.

Shares of NYSE T opened at $27.38 on Monday. AT&T has a one year low of $26.08 and a one year high of $39.70. The firm has a market capitalization of $195.08 billion, a PE ratio of 16.80, a PEG ratio of 1.52 and a beta of 0.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $28.37 and a two-hundred day moving average price of $29.67.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.60%. AT&T’s payout ratio is presently 58.26%.

Large investors have recently bought and sold shares of the stock. Jaffetilchin Investment Partners LLC boosted its position in AT&T by 10.4% during the second quarter. Jaffetilchin Investment Partners LLC now owns 13,206 shares of the technology company’s stock valued at $37,000 after purchasing an additional 1,248 shares during the last quarter. Cerebellum GP LLC acquired a new position in AT&T during the third quarter valued at approximately $62,000. NWK Group Inc. acquired a new position in AT&T during the second quarter valued at approximately $65,000. JJJ Advisors Inc. boosted its position in AT&T by 212.3% during the second quarter. JJJ Advisors Inc. now owns 2,217 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Provident Wealth Management LLC acquired a new position in AT&T during the third quarter valued at approximately $70,000. Institutional investors and hedge funds own 52.29% of the company’s stock.

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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