Brokerages forecast that AT&T Inc. (NYSE:T) will announce earnings per share of $0.75 for the current fiscal quarter, according to Zacks Investment Research. Nineteen analysts have provided estimates for AT&T’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.70. AT&T reported earnings per share of $0.74 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The company is scheduled to report its next earnings report after the market closes on Tuesday, October 24th.

On average, analysts expect that AT&T will report full-year earnings of $2.95 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $3.02. For the next fiscal year, analysts forecast that the company will report earnings of $3.02 per share, with EPS estimates ranging from $2.90 to $3.14. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover AT&T.

AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. AT&T’s revenue was down 3.0% on a year-over-year basis.

Several brokerages have commented on T. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target on the stock in a research report on Wednesday, August 16th. Cowen and Company reissued a “market perform” rating and set a $41.00 price target (down from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Thursday, August 24th. Robert W. Baird reissued an “outperform” rating and set a $43.00 price target on shares of AT&T in a research report on Thursday, September 21st. Finally, BidaskClub raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.57.

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Shares of AT&T (NYSE:T) traded down 1.11% during mid-day trading on Tuesday, hitting $34.86. The company had a trading volume of 52,235,811 shares. The company has a market capitalization of $214.04 billion, a P/E ratio of 16.38 and a beta of 0.49. The firm’s 50-day moving average price is $37.35 and its 200 day moving average price is $38.06. AT&T has a one year low of $34.81 and a one year high of $43.03.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 5.62%. The ex-dividend date is Friday, October 6th. AT&T’s payout ratio is 92.45%.

Hedge funds have recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of AT&T during the second quarter valued at $314,000. Ullmann Financial Group Inc. bought a new position in shares of AT&T during the first quarter valued at $101,000. Feltz Wealth PLAN Inc. bought a new position in shares of AT&T during the first quarter valued at $104,000. Taylor Wealth Management Partners raised its stake in shares of AT&T by 0.4% during the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of AT&T during the first quarter valued at $109,000. 55.03% of the stock is owned by hedge funds and other institutional investors.

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.

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

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