AT&T (NYSE:T) Issues Q1 Earnings Guidance

AT&T (NYSE:T) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.48 or higher for the period, compared to the consensus estimate of $0.53. AT&T also updated its FY25 guidance to $1.97-2.07 EPS.

Wall Street Analysts Forecast Growth

T has been the topic of several recent analyst reports. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Tigress Financial lifted their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Barclays upped their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Stock Up 0.7 %

Shares of T opened at $27.30 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $24.40 and a two-hundred day moving average price of $22.90. The stock has a market cap of $195.96 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T has a 12 month low of $15.94 and a 12 month high of $27.97.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts predict that AT&T will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.07%. AT&T’s dividend payout ratio is presently 74.50%.

Institutional Trading of AT&T

A hedge fund recently raised its stake in AT&T stock. Brighton Jones LLC lifted its holdings in AT&T Inc. (NYSE:T) by 26.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,579 shares of the technology company’s stock after acquiring an additional 10,188 shares during the quarter. Brighton Jones LLC’s holdings in AT&T were worth $1,106,000 at the end of the most recent reporting period. Institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.