Jefferies Group Weighs in on AT&T Inc.’s Q3 2017 Earnings (T)
AT&T Inc. (NYSE:T) – Stock analysts at Jefferies Group increased their Q3 2017 EPS estimates for AT&T in a research report issued on Thursday. Jefferies Group analyst M. Mccormack now expects that the technology company will earn $0.76 per share for the quarter, up from their previous estimate of $0.75. Jefferies Group currently has a “Buy” rating and a $48.00 price objective on the stock. Jefferies Group also issued estimates for AT&T’s Q4 2017 earnings at $0.66 EPS and FY2017 earnings at $2.95 EPS.
Several other brokerages also recently commented on T. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Macquarie reissued a “buy” rating and issued a $43.00 target price on shares of AT&T in a report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 target price on shares of AT&T in a report on Sunday, July 9th. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a report on Monday, July 10th. Finally, Bank of America Corporation downgraded AT&T from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $39.00 in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have given a buy rating to the stock. AT&T currently has a consensus rating of “Hold” and an average target price of $43.87.
Shares of AT&T (T) opened at 38.59 on Friday. The company has a 50 day moving average price of $37.82 and a 200 day moving average price of $38.56. AT&T has a one year low of $35.10 and a one year high of $43.03. The company has a market cap of $236.94 billion, a P/E ratio of 18.13 and a beta of 0.49. AT&T also saw some unusual options trading on Thursday. Stock traders acquired 294,492 call options on the stock. This represents an increase of 654% compared to the typical daily volume of 39,059 call options.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in T. Ullmann Financial Group Inc. bought a new stake in shares of AT&T in the 1st quarter valued at $101,000. Feltz Wealth PLAN Inc. bought a new stake in shares of AT&T in the 1st quarter valued at $104,000. Taylor Wealth Management Partners increased its position in shares of AT&T by 0.4% in the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of AT&T in the 1st quarter valued at $109,000. Finally, Sterling Investment Advisors Ltd. increased its position in shares of AT&T by 289.1% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares in the last quarter. Institutional investors and hedge funds own 54.99% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Friday, October 6th. AT&T’s dividend payout ratio is currently 92.45%.
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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