AT&T (NYSE:T – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.20-2.25 for the period, compared to the consensus estimate of $2.21. AT&T also updated its FY 2025 guidance to 1.970-2.070 EPS.
AT&T Trading Up 4.6 %
Shares of NYSE T opened at $23.75 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $170.41 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 3.41 and a beta of 0.59. AT&T has a 1-year low of $15.94 and a 1-year high of $24.03. The business has a fifty day moving average price of $22.24 and a 200 day moving average price of $20.25.
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Equities research analysts expect that AT&T will post 2.22 EPS for the current fiscal year.
AT&T Announces Dividend
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on T shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $22.00 price target on shares of AT&T in a research report on Thursday, October 24th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday. Moffett Nathanson boosted their price objective on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research report on Monday, September 16th. Finally, Hsbc Global Res raised AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $23.53.
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.
Read More
- Five stocks we like better than AT&T
- Short Selling: How to Short a Stock
- Atlas Energy Solutions: A New Star in the SmallCap 600 Index
- The How and Why of Investing in Gold Stocks
- 3 Small-Cap Stocks on the Rise With Over 4% Dividend Yields
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Insiders Keep Buying These Stocks: 2 to Buy, 1 to Avoid
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.