Zacks Research Issues Pessimistic Forecast for AT&T Earnings

AT&T Inc. (NYSE:T) – Equities researchers at Zacks Research cut their FY2025 earnings per share (EPS) estimates for AT&T in a report issued on Wednesday, May 14th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of $2.02 per share for the year, down from their prior forecast of $2.07. The consensus estimate for AT&T’s current full-year earnings is $2.14 per share.

A number of other equities analysts also recently commented on the company. Oppenheimer lifted their price objective on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Wells Fargo & Company lifted their price objective on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Royal Bank of Canada lifted their price objective on AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Finally, DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.71.

AT&T Stock Performance

Shares of NYSE:T opened at $28.01 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business’s 50 day moving average price is $27.23 and its 200-day moving average price is $24.98. The firm has a market capitalization of $201.55 billion, a PE ratio of 18.80, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T has a 1 year low of $17.11 and a 1 year high of $29.03.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.96%. AT&T’s dividend payout ratio is presently 68.10%.

Institutional Investors Weigh In On AT&T

Institutional investors and hedge funds have recently modified their holdings of the company. Consolidated Planning Corp raised its holdings in shares of AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after buying an additional 21,927 shares during the period. Keystone Financial Group raised its holdings in shares of AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock valued at $5,322,000 after buying an additional 143,744 shares during the period. World Investment Advisors raised its holdings in shares of AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock valued at $5,407,000 after buying an additional 63,359 shares during the period. Fortress Financial Solutions LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $691,000. Finally, DigitalBridge Group Inc. raised its holdings in shares of AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after buying an additional 365,776 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.