Wall Street brokerages expect AT&T Inc. (NYSE:T) to announce $0.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Fourteen analysts have issued estimates for AT&T’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.92. AT&T posted earnings per share of $0.85 during the same quarter last year, which would suggest a positive year over year growth rate of 1.2%. The firm is expected to report its next quarterly earnings report on Wednesday, April 24th.

On average, analysts expect that AT&T will report full-year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.32 to $3.73. For the next year, analysts expect that the company will post earnings of $3.67 per share, with EPS estimates ranging from $3.49 to $3.83. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow AT&T.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.86 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. The firm had revenue of $47.99 billion during the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 EPS.

T has been the topic of several recent analyst reports. Raymond James upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Friday, March 15th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and set a $37.00 target price on shares of AT&T in a research report on Friday, December 14th. Cowen reiterated a “buy” rating and set a $35.00 target price on shares of AT&T in a research report on Thursday, January 31st. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and set a $38.00 target price on the stock in a research report on Monday, December 3rd. Finally, ValuEngine cut AT&T from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. AT&T has a consensus rating of “Buy” and a consensus price target of $35.71.

T opened at $30.51 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. The company has a market cap of $188.34 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 1.29 and a beta of 0.59. AT&T has a 52 week low of $26.80 and a 52 week high of $36.50.

In other AT&T news, CEO John T. Stankey sold 3,748 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its position in shares of AT&T by 6,759.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 96,680,677 shares of the technology company’s stock worth $3,388,000 after buying an additional 95,271,251 shares during the period. Norges Bank purchased a new position in shares of AT&T in the 4th quarter worth $2,077,198,000. BlackRock Inc. raised its position in shares of AT&T by 4.0% in the 4th quarter. BlackRock Inc. now owns 454,818,786 shares of the technology company’s stock worth $12,980,526,000 after buying an additional 17,703,030 shares during the period. Bank of New York Mellon Corp raised its position in shares of AT&T by 21.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,724,434 shares of the technology company’s stock worth $2,335,182,000 after buying an additional 12,709,982 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of AT&T by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 82,556,205 shares of the technology company’s stock worth $2,650,940,000 after buying an additional 11,990,755 shares during the period. 63.35% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for AT&T (NYSE:T)

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