AT&T Inc. (NYSE:T) – Analysts at William Blair raised their FY2017 earnings estimates for AT&T in a note issued to investors on Wednesday. William Blair analyst J. Breen now forecasts that the technology company will earn $2.94 per share for the year, up from their prior forecast of $2.92.
Other research analysts have also issued research reports about the company. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.97 target price on the stock in a research report on Wednesday, May 17th. Macquarie reiterated a “buy” rating and set a $45.00 target price (down previously from $46.00) on shares of AT&T in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Wednesday, April 19th. Argus reiterated a “buy” rating and set a $51.00 target price on shares of AT&T in a research report on Monday, April 10th. Finally, Barclays PLC decreased their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the company. AT&T presently has a consensus rating of “Hold” and a consensus target price of $43.40.
AT&T (NYSE T) opened at 39.00 on Monday. The stock has a market cap of $239.46 billion, a P/E ratio of 18.40 and a beta of 0.47. AT&T has a 12-month low of $35.81 and a 12-month high of $43.48. The stock has a 50 day moving average of $37.65 and a 200 day moving average of $39.79.
AT&T (NYSE:T) last released its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the company. MML Investors Services LLC purchased a new position in AT&T during the fourth quarter valued at $369,000. Ally Financial Inc. purchased a new position in AT&T during the fourth quarter valued at $638,000. Oribel Capital Management LP purchased a new position in AT&T during the fourth quarter valued at $2,896,000. Azimuth Capital Management LLC increased its position in AT&T by 2.7% in the fourth quarter. Azimuth Capital Management LLC now owns 267,185 shares of the technology company’s stock valued at $11,363,000 after buying an additional 6,964 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in AT&T by 4,357.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,049,259 shares of the technology company’s stock valued at $2,049,000 after buying an additional 2,003,286 shares in the last quarter. 55.29% of the stock is owned by hedge funds and other institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, July 6th. AT&T’s payout ratio is 92.45%.
AT&T Company Profile
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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