Wall Street brokerages expect AT&T Inc. (NYSE:T) to report earnings of $0.65 per share for the current quarter, Zacks reports. Eighteen analysts have issued estimates for AT&T’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.61. AT&T reported earnings of $0.66 per share in the same quarter last year, which indicates a negative year over year growth rate of 1.5%. The company is expected to announce its next quarterly earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that AT&T will report full year earnings of $2.93 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $2.98. For the next year, analysts forecast that the company will post earnings of $2.96 per share, with EPS estimates ranging from $2.74 to $3.12. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover AT&T.

AT&T (NYSE:T) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. AT&T’s quarterly revenue was down 3.0% compared to the same quarter last year.

Several equities research analysts have issued reports on T shares. Macquarie reaffirmed a “buy” rating and set a $43.00 price target on shares of AT&T in a research note on Friday, September 1st. Jefferies Group reaffirmed a “buy” rating and set a $48.00 price target on shares of AT&T in a research note on Thursday, August 24th. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, October 11th. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price target for the company. in a research note on Friday, October 6th. Finally, Standpoint Research started coverage on AT&T in a research note on Wednesday, November 8th. They set a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.81.

AT&T (T) traded up $0.12 during trading on Friday, reaching $36.50. The company had a trading volume of 31,433,104 shares, compared to its average volume of 38,428,480. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T has a twelve month low of $32.55 and a twelve month high of $43.03. The stock has a market capitalization of $223,336.83, a PE ratio of 12.42, a price-to-earnings-growth ratio of 3.02 and a beta of 0.44.

In other news, Director Matthew K. Rose bought 29,600 shares of AT&T stock in a transaction on Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after acquiring an additional 9,053,649 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of AT&T by 1.1% during the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after buying an additional 4,104,136 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of AT&T by 5.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 68,356,308 shares of the technology company’s stock valued at $2,677,458,000 after buying an additional 3,500,299 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of AT&T by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock valued at $2,650,934,000 after buying an additional 1,672,264 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of AT&T by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after buying an additional 1,263,645 shares during the period. Hedge funds and other institutional investors own 55.85% of the company’s stock.

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

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