$41.20 Billion in Sales Expected for AT&T Inc. (T) This Quarter

Wall Street analysts expect AT&T Inc. (NYSE:T) to post sales of $41.20 billion for the current quarter, according to Zacks Investment Research. Eighteen analysts have issued estimates for AT&T’s earnings, with estimates ranging from $40.63 billion to $41.79 billion. AT&T reported sales of $41.84 billion in the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The business is expected to issue its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that AT&T will report full year sales of $41.20 billion for the current financial year, with estimates ranging from $159.53 billion to $160.76 billion. For the next year, analysts forecast that the business will post sales of $160.59 billion per share, with estimates ranging from $157.42 billion to $165.00 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for AT&T.

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

A number of equities analysts have recently issued reports on the stock. Macquarie restated a “buy” rating and set a $43.00 target price on shares of AT&T in a research report on Friday, September 1st. Jefferies Group restated a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, October 11th. Vetr lowered shares of 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, October 6th. Finally, Standpoint Research assumed coverage on shares of AT&T in a research report on Wednesday, November 8th. They set a “buy” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.81.

Shares of AT&T (NYSE:T) opened at $36.50 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T has a 1-year low of $32.55 and a 1-year high of $43.03. The firm has a market cap of $224,073.50, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 3.03 and a beta of 0.44.

In other news, Director Matthew K. Rose acquired 29,600 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were purchased at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Holderness Investments Co. raised its stake in shares of AT&T by 62.9% during the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock worth $4,008,000 after buying an additional 37,234 shares during the last quarter. Doyle Wealth Management raised its stake in shares of AT&T by 4.3% during the 2nd quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock worth $1,417,000 after buying an additional 1,559 shares during the last quarter. Telos Capital Management Inc. raised its stake in shares of AT&T by 4.8% during the 2nd quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock worth $2,641,000 after buying an additional 3,197 shares during the last quarter. Altfest L J & Co. Inc. raised its stake in shares of AT&T by 42.1% during the 2nd quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock worth $1,721,000 after buying an additional 13,510 shares during the last quarter. Finally, Welch Investments LLC raised its stake in shares of AT&T by 9.3% during the 2nd quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock worth $4,122,000 after buying an additional 9,291 shares during the last quarter. 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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