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

AT&T (NYSE:T) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.150-2.250 for the period, compared to the consensus EPS estimate of 2.200. The company issued revenue guidance of -.

Analyst Ratings Changes

Several brokerages recently issued reports on T. The Goldman Sachs Group began coverage on AT&T in a research report on Monday, July 1st. They set a buy rating and a $22.00 target price for the company. JPMorgan Chase & Co. increased their price target on AT&T from $21.00 to $24.00 and gave the stock an overweight rating in a report on Thursday, July 25th. UBS Group reiterated a buy rating and set a $24.00 price target on shares of AT&T in a report on Tuesday, June 18th. Barclays increased their price target on AT&T from $20.00 to $22.00 and gave the stock an overweight rating in a report on Thursday, July 25th. Finally, Evercore ISI increased their price target on AT&T from $18.00 to $19.00 and gave the stock an in-line rating in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of Moderate Buy and an average price target of $22.31.

AT&T Stock Performance

Shares of T opened at $21.45 on Thursday. 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 stock has a 50-day moving average of $19.47 and a 200-day moving average of $18.11. The company has a market cap of $153.80 billion, a PE ratio of 11.53, a P/E/G ratio of 3.57 and a beta of 0.59. AT&T has a one year low of $14.12 and a one year high of $21.86.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. On average, equities research analysts predict that AT&T will post 2.2 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.17%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

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.