$41.43 Billion in Sales Expected for AT&T Inc. (NYSE:T) This Quarter

Analysts forecast that AT&T Inc. (NYSE:T) will post sales of $41.43 billion for the current quarter, according to Zacks. Fourteen analysts have made estimates for AT&T’s earnings, with the highest sales estimate coming in at $46.11 billion and the lowest estimate coming in at $38.41 billion. AT&T reported sales of $45.69 billion in the same quarter last year, which would suggest a negative year over year growth rate of 9.3%. The business is expected to announce its next quarterly earnings report on Wednesday, January 26th.

On average, analysts expect that AT&T will report full-year sales of $168.34 billion for the current financial year, with estimates ranging from $154.91 billion to $177.54 billion. For the next financial year, analysts expect that the business will report sales of $157.76 billion, with estimates ranging from $140.66 billion to $176.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow AT&T.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 20th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.09. The company had revenue of $39.90 billion during the quarter, compared to the consensus estimate of $42.37 billion. AT&T had a return on equity of 13.47% and a net margin of 0.67%. AT&T’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS.

Several research firms have recently weighed in on T. Barclays reduced their target price on AT&T from $34.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, October 11th. Moffett Nathanson raised AT&T from a “sell” rating to a “neutral” rating and upped their price objective for the company from $23.00 to $28.00 in a research note on Thursday, October 7th. KeyCorp raised AT&T from an “underweight” rating to a “sector weight” rating in a research note on Thursday, October 14th. Citigroup reduced their price objective on AT&T from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, October 19th. Finally, Loop Capital initiated coverage on AT&T in a research note on Monday, September 20th. They set a “hold” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.13.

In other AT&T news, Director Stephen J. Luczo purchased 100,000 shares of AT&T stock in a transaction on Monday, November 8th. The shares were bought at an average price of $25.04 per share, with a total value of $2,504,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. CFS Investment Advisory Services LLC purchased a new position in shares of AT&T in the 3rd quarter worth $216,000. Auxier Asset Management increased its holdings in AT&T by 1.2% in the 3rd quarter. Auxier Asset Management now owns 36,679 shares of the technology company’s stock valued at $991,000 after purchasing an additional 438 shares in the last quarter. Cribstone Capital Management LLC increased its holdings in AT&T by 5.8% in the 3rd quarter. Cribstone Capital Management LLC now owns 76,881 shares of the technology company’s stock valued at $2,077,000 after purchasing an additional 4,186 shares in the last quarter. Lumbard & Kellner LLC increased its holdings in AT&T by 9.8% in the 3rd quarter. Lumbard & Kellner LLC now owns 170,954 shares of the technology company’s stock valued at $4,618,000 after purchasing an additional 15,217 shares in the last quarter. Finally, Brick & Kyle Associates increased its holdings in AT&T by 2.6% in the 3rd quarter. Brick & Kyle Associates now owns 91,153 shares of the technology company’s stock valued at $2,478,000 after purchasing an additional 2,285 shares in the last quarter. 51.42% of the stock is currently owned by institutional investors and hedge funds.

AT&T stock opened at $22.83 on Wednesday. AT&T has a fifty-two week low of $22.55 and a fifty-two week high of $33.88. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.66 and a current ratio of 0.70. The company has a market capitalization of $163.01 billion, a P/E ratio of 190.27, a PEG ratio of 2.01 and a beta of 0.70. The stock has a 50-day simple moving average of $25.57 and a 200-day simple moving average of $27.39.

The business also recently announced a quarterly dividend, which was paid on Monday, November 1st. Shareholders of record on Monday, October 11th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date of this dividend was Thursday, October 7th. AT&T’s dividend payout ratio (DPR) is presently 1,733.48%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.

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