AT&T Inc. (T) Expected to Post Q4 2018 Earnings of $0.77 Per Share

AT&T Inc. (NYSE:T) – Analysts at KeyCorp decreased their Q4 2018 earnings per share estimates for shares of AT&T in a research report issued on Wednesday, October 24th. KeyCorp analyst B. Nispel now expects that the technology company will earn $0.77 per share for the quarter, down from their previous forecast of $0.78. KeyCorp also issued estimates for AT&T’s Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.94 EPS and Q4 2019 earnings at $0.73 EPS.

Several other research firms have also recently weighed in on T. Bank of America set a $37.00 price objective on shares of AT&T and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, July 24th. Raymond James cut shares of AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price objective for the company. in a research report on Friday, July 13th. Finally, Macquarie reiterated a “buy” rating and set a $35.00 price objective on shares of AT&T in a research report on Wednesday, September 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. AT&T has a consensus rating of “Hold” and a consensus price target of $37.95.



T opened at $29.09 on Friday. AT&T has a twelve month low of $28.85 and a twelve month high of $39.33. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm has a market cap of $200.56 billion, a PE ratio of 9.54, a PEG ratio of 2.60 and a beta of 0.40.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.04). AT&T had a net margin of 20.12% and a return on equity of 13.64%. The business had revenue of $45.74 billion during the quarter, compared to analyst estimates of $45.73 billion. During the same quarter last year, the company posted $0.74 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date is Tuesday, October 9th. AT&T’s payout ratio is 65.57%.

In related news, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of AT&T stock in a transaction on Wednesday, August 8th. The stock was acquired at an average cost of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the acquisition, the director now owns 31,405 shares of the company’s stock, valued at approximately $1,020,034.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Ibex Wealth Advisors lifted its stake in shares of AT&T by 0.8% in the third quarter. Ibex Wealth Advisors now owns 198,405 shares of the technology company’s stock valued at $6,644,000 after buying an additional 1,493 shares in the last quarter. SSI Investment Management Inc. lifted its stake in shares of AT&T by 10.0% in the second quarter. SSI Investment Management Inc. now owns 17,160 shares of the technology company’s stock valued at $549,000 after buying an additional 1,553 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of AT&T by 1.7% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,276 shares of the technology company’s stock valued at $3,059,000 after buying an additional 1,553 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of AT&T by 27.0% in the second quarter. Tradewinds Capital Management LLC now owns 7,332 shares of the technology company’s stock valued at $235,000 after buying an additional 1,560 shares in the last quarter. Finally, Endurance Wealth Management Inc. lifted its stake in shares of AT&T by 7.5% in the second quarter. Endurance Wealth Management Inc. now owns 22,644 shares of the technology company’s stock valued at $728,000 after buying an additional 1,572 shares in the last quarter. 64.76% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

Featured Story: Rule of 72

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply