AT&T (NYSE:T) Releases FY 2024 Earnings Guidance

AT&T (NYSE:T) issued an update on its FY 2024 earnings guidance on Saturday morning. The company provided earnings per share (EPS) guidance of 2.150-2.250 for the period, compared to the consensus estimate of 2.070. The company issued revenue guidance of -.

AT&T Trading Up 0.2 %

Shares of NYSE:T opened at $16.85 on Friday. AT&T has a 12 month low of $13.43 and a 12 month high of $18.16. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The company’s fifty day simple moving average is $16.97 and its 200 day simple moving average is $16.62. The firm has a market cap of $120.52 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.31 and a beta of 0.57.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. As a group, research analysts forecast that AT&T will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.59%. AT&T’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

T has been the topic of several recent research reports. StockNews.com lowered shares of AT&T from a buy rating to a hold rating in a research note on Friday. Wolfe Research upgraded shares of AT&T from a peer perform rating to an outperform rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Tigress Financial lifted their price target on shares of AT&T from $28.00 to $29.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AT&T from $23.00 to $24.00 and gave the company a buy rating in a research report on Thursday, January 25th. Finally, Oppenheimer raised shares of AT&T from a market perform rating to an outperform rating and set a $21.00 price objective for the company in a research report on Friday, January 19th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T has a consensus rating of Moderate Buy and an average price target of $20.81.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.