Zacks Research Has Pessimistic Outlook of AT&T Q4 Earnings

AT&T Inc. (NYSE:T) – Equities research analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for AT&T in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings of $0.49 per share for the quarter, down from their prior estimate of $0.51. The consensus estimate for AT&T’s current full-year earnings is $2.22 per share. Zacks Research also issued estimates for AT&T’s Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.59 EPS and FY2026 earnings at $2.43 EPS.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The business’s revenue was down .5% compared to the same quarter last year.

T has been the topic of a number of other reports. Moffett Nathanson upped their price target on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Oppenheimer upped their price objective on AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company lowered their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

AT&T Price Performance

AT&T stock opened at $22.25 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $159.61 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The business has a 50 day simple moving average of $21.82 and a 200-day simple moving average of $19.65. AT&T has a 12 month low of $15.64 and a 12 month high of $22.73.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in T. Orion Portfolio Solutions LLC boosted its stake in AT&T by 4.0% in the first quarter. Orion Portfolio Solutions LLC now owns 328,199 shares of the technology company’s stock valued at $5,776,000 after acquiring an additional 12,591 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of AT&T by 27.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 44,033 shares of the technology company’s stock valued at $775,000 after acquiring an additional 9,602 shares during the period. Motco increased its holdings in shares of AT&T by 22.3% in the 1st quarter. Motco now owns 10,774 shares of the technology company’s stock worth $190,000 after acquiring an additional 1,963 shares during the period. Tocqueville Asset Management L.P. lifted its position in AT&T by 2.5% in the 1st quarter. Tocqueville Asset Management L.P. now owns 71,279 shares of the technology company’s stock valued at $1,255,000 after purchasing an additional 1,716 shares during the last quarter. Finally, M&G Plc acquired a new position in AT&T during the 1st quarter valued at about $9,074,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.99%. AT&T’s dividend payout ratio (DPR) is 90.24%.

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.