AT&T (NYSE:T) Updates Q1 Earnings Guidance

AT&T (NYSE:T) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.48 or higher for the period, compared to the consensus estimate of $0.53. AT&T also updated its FY25 guidance to $1.97-2.07 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on T shares. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 16th. Finally, DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.74.

AT&T Price Performance

NYSE:T opened at $27.30 on Tuesday. The stock has a market capitalization of $195.96 billion, a PE ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T has a 1-year low of $15.94 and a 1-year high of $27.97. The firm has a fifty day simple moving average of $24.40 and a 200 day simple moving average of $22.90. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, research analysts expect that AT&T will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.07%. AT&T’s dividend payout ratio is presently 74.50%.

Institutional Trading of AT&T

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC raised its position in AT&T Inc. (NYSE:T) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,579 shares of the technology company’s stock after purchasing an additional 10,188 shares during the quarter. Brighton Jones LLC’s holdings in AT&T were worth $1,106,000 as of its most recent SEC filing. 57.10% of the stock is currently owned by institutional investors and hedge funds.

About AT&T

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.