AT&T (NYSE:T – Get Free Report) issued its earnings results on Wednesday. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03, Briefing.com reports. The business had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. AT&T updated its FY24 guidance to $2.15-2.25 EPS.
AT&T Price Performance
Shares of AT&T stock traded down $0.36 on Friday, hitting $21.84. The company had a trading volume of 26,035,913 shares, compared to its average volume of 35,713,988. The business has a 50-day simple moving average of $21.15 and a 200-day simple moving average of $19.08. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The company has a market cap of $156.60 billion, a PE ratio of 11.90, a PEG ratio of 3.67 and a beta of 0.60. AT&T has a 52 week low of $14.74 and a 52 week high of $22.58.
AT&T Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.
Analyst Upgrades and Downgrades
AT&T Company Profile
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.
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