AT&T Inc. (T) Forecasted to Earn FY2017 Earnings of $3.13 Per Share
AT&T Inc. (NYSE:T) – Research analysts at Oppenheimer Holdings lifted their FY2017 EPS estimates for shares of AT&T in a report released on Friday. Oppenheimer Holdings analyst T. Horan now expects that the firm will post earnings of $3.13 per share for the year, up from their prior forecast of $3.10. Oppenheimer Holdings also issued estimates for AT&T’s FY2018 earnings at $3.28 EPS.
AT&T (NYSE:T) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The business had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%.
A number of other research firms also recently issued reports on T. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $40.78 price target for the company. in a research note on Wednesday, October 12th. S&P Equity Research set a $46.00 price target on AT&T and gave the company a “buy” rating in a research note on Sunday, July 24th. Wells Fargo & Co. restated a “buy” rating on shares of AT&T in a research note on Friday, July 22nd. Barclays PLC boosted their price target on AT&T from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, July 15th. Finally, Jefferies Group restated a “buy” rating on shares of AT&T in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. AT&T presently has a consensus rating of “Hold” and an average target price of $41.86.
Shares of AT&T (NYSE:T) traded down 0.140% during midday trading on Monday, hitting $39.215. 5,359,114 shares of the stock were exchanged. AT&T has a 52-week low of $32.22 and a 52-week high of $43.89. The stock has a market cap of $241.25 billion, a P/E ratio of 16.910 and a beta of 0.30. The firm’s 50 day moving average price is $40.29 and its 200-day moving average price is $40.53.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is currently 83.12%.
In related news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in T. Proficio Capital Partners LLC boosted its position in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares during the last quarter. Taylor Wealth Management Partners raised its stake in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC raised its stake in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares during the period. Wealthcare Capital Management LLC bought a new stake in AT&T during the second quarter valued at approximately $117,000. Finally, Invictus RG raised its stake in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares during the period. Institutional investors own 53.62% of the company’s stock.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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