AT&T Inc. (T) to Post Q3 2017 Earnings of $0.72 Per Share, Oppenheimer Holdings Forecasts
AT&T Inc. (NYSE:T) – Stock analysts at Oppenheimer Holdings boosted their Q3 2017 earnings estimates for shares of AT&T in a report issued on Tuesday. Oppenheimer Holdings analyst T. Horan now anticipates that the technology company will post earnings per share of $0.72 for the quarter, up from their prior forecast of $0.71. Oppenheimer Holdings also issued estimates for AT&T’s Q4 2017 earnings at $0.70 EPS and FY2017 earnings at $2.94 EPS.
Other equities research analysts have also recently issued research reports about the stock. Argus reaffirmed a “buy” rating and set a $51.00 price objective on shares of AT&T in a research report on Monday, April 10th. Royal Bank Of Canada set a $42.00 price objective on shares of AT&T and gave the stock a “hold” rating in a research report on Saturday, May 20th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Thursday. Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $38.92 price objective for the company. in a research report on Monday, May 22nd. Finally, Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Twenty investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. AT&T currently has a consensus rating of “Hold” and a consensus price target of $43.40.
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AT&T (T) opened at 39.41 on Thursday. The firm has a market cap of $242.29 billion, a price-to-earnings ratio of 19.27 and a beta of 0.47. The firm has a 50-day moving average of $37.63 and a 200 day moving average of $39.83. AT&T has a 1-year low of $35.81 and a 1-year high of $43.50. AT&T also was the target of unusually large options trading activity on Tuesday. Traders acquired 66,667 put options on the stock. This is an increase of approximately 183% compared to the typical volume of 23,598 put options.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The firm had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.56%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Thursday, July 6th. AT&T’s payout ratio is 92.45%.
Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in AT&T during the fourth quarter worth about $2,416,759,000. Schwab Charles Investment Management Inc. boosted its position in AT&T by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock worth $928,960,000 after buying an additional 985,330 shares during the last quarter. Macquarie Group Ltd. boosted its position in AT&T by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,837,884 shares of the technology company’s stock worth $843,705,000 after buying an additional 1,139,382 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in AT&T by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock worth $744,385,000 after buying an additional 143,884 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in AT&T by 7.1% in the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock worth $638,314,000 after buying an additional 1,117,300 shares during the last quarter. Hedge funds and other institutional investors own 55.32% of the company’s stock.
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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