AT&T (T) Set to Announce Earnings on Wednesday

AT&T (NYSE:T) will post its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect AT&T to post earnings of $0.59 per share for the quarter. AT&T has set its FY 2024 guidance at 2.150-2.250 EPS and its FY24 guidance at $2.15-2.25 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts expect AT&T to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AT&T Trading Down 0.8 %

Shares of T stock opened at $21.67 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. AT&T has a 52-week low of $14.74 and a 52-week high of $22.34. The company has a market capitalization of $155.38 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 3.73 and a beta of 0.60. The business’s fifty day moving average is $20.99 and its 200 day moving average is $19.01.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.12%. AT&T’s dividend payout ratio (DPR) is presently 63.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on T shares. The Goldman Sachs Group started coverage on AT&T in a research report on Monday, July 1st. They issued a “buy” rating and a $22.00 price objective on the stock. Evercore ISI increased their price objective on AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, July 25th. TD Cowen increased their price objective on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Barclays raised their price target on AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Moffett Nathanson raised their price target on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.69.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.