Equities research analysts expect that AT&T Inc. (NYSE:T) will announce earnings per share of $0.65 for the current quarter, Zacks Investment Research reports. Eighteen analysts have issued estimates for AT&T’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.61. AT&T reported earnings per share of $0.66 in the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, January 31st.

According to Zacks, analysts expect that AT&T will report full-year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $2.96. For the next financial year, analysts anticipate that the business will post earnings of $2.96 per share, with EPS estimates ranging from $2.74 to $3.12. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms 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 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 the consensus estimate of $40.34 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis.

A number of research firms recently weighed in on T. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price target on the stock in a research note on Thursday, September 28th. KeyCorp increased their price target on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research note on Tuesday. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Robert W. Baird dropped their price target on AT&T from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. Finally, ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. AT&T currently has a consensus rating of “Hold” and an average target price of $42.58.

Shares of AT&T (NYSE:T) opened at $38.14 on Friday. AT&T has a 12 month low of $32.55 and a 12 month high of $42.70. The stock has a market capitalization of $234,140.00, a P/E ratio of 18.34, a PEG ratio of 3.10 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.24%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, January 9th. AT&T’s dividend payout ratio is currently 94.23%.

In other news, Director Matthew K. Rose acquired 29,600 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Israel Discount Bank of New York grew its holdings in shares of AT&T by 0.6% during the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after purchasing an additional 25 shares in the last quarter. Greatmark Investment Partners Inc. grew its holdings in shares of AT&T by 0.4% during the 2nd quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock worth $490,000 after purchasing an additional 53 shares in the last quarter. Cim LLC grew its holdings in shares of AT&T by 1.0% during the 2nd quarter. Cim LLC now owns 6,399 shares of the technology company’s stock worth $241,000 after purchasing an additional 62 shares in the last quarter. Stratford Consulting LLC grew its holdings in shares of AT&T by 0.9% during the 2nd quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock worth $275,000 after purchasing an additional 68 shares in the last quarter. Finally, Moon Capital Management LLC grew its holdings in shares of AT&T by 0.3% during the 2nd quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock worth $824,000 after purchasing an additional 75 shares in the last quarter. 55.75% of the stock is currently owned by hedge funds and other institutional investors.

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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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