AT&T Inc. (NYSE:T) – Research analysts at Jefferies Group increased their Q3 2017 earnings estimates for shares of AT&T in a report released on Thursday. Jefferies Group analyst M. Mccormack now forecasts that the technology company will post earnings per share of $0.76 for the quarter, up from their prior estimate of $0.75. Jefferies Group currently has a “Buy” rating and a $48.00 target price on the stock. Jefferies Group also issued estimates for AT&T’s Q4 2017 earnings at $0.66 EPS and FY2017 earnings at $2.95 EPS.

AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The company had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. AT&T’s revenue was down 1.6% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “AT&T Inc. to Post Q3 2017 Earnings of $0.76 Per Share, Jefferies Group Forecasts (T)” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/06/att-inc-to-post-q3-2017-earnings-of-0-76-per-share-jefferies-group-forecasts-t.html.

A number of other analysts have also issued reports on the company. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 target price on the stock. in a research report on Friday. Morgan Stanley boosted their price target on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 27th. Robert W. Baird restated an “outperform” rating and issued a $43.00 price target on shares of AT&T in a research note on Thursday, September 21st. Macquarie restated a “buy” rating and issued a $43.00 price target on shares of AT&T in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have issued a buy rating to the company. AT&T presently has an average rating of “Hold” and an average price target of $43.87.

AT&T (NYSE:T) opened at 39.51 on Friday. The company has a 50-day moving average price of $37.79 and a 200 day moving average price of $38.58. The company has a market cap of $242.59 billion, a PE ratio of 18.57 and a beta of 0.49. AT&T has a 52 week low of $35.10 and a 52 week high of $43.03.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 4.96%. AT&T’s dividend payout ratio is presently 92.45%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osborn Williams & Donohoe LLC raised its holdings in shares of AT&T by 9.5% in the third quarter. Osborn Williams & Donohoe LLC now owns 99,934 shares of the technology company’s stock valued at $3,914,000 after buying an additional 8,710 shares during the last quarter. Curbstone Financial Management Corp raised its holdings in shares of AT&T by 93.6% in the third quarter. Curbstone Financial Management Corp now owns 65,208 shares of the technology company’s stock valued at $2,554,000 after buying an additional 31,521 shares during the last quarter. Park National Corp OH raised its holdings in shares of AT&T by 3.4% in the third quarter. Park National Corp OH now owns 437,671 shares of the technology company’s stock valued at $17,144,000 after buying an additional 14,411 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in shares of AT&T by 6.4% in the third quarter. Bridges Investment Management Inc. now owns 38,960 shares of the technology company’s stock valued at $1,526,000 after buying an additional 2,345 shares during the last quarter. Finally, Perpetual Ltd raised its holdings in shares of AT&T by 13.2% in the second quarter. Perpetual Ltd now owns 56,422 shares of the technology company’s stock valued at $2,129,000 after buying an additional 6,600 shares during the last quarter. Institutional investors own 54.99% of the company’s stock.

About AT&T

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.

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

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