Gabelli Comments on AT&T Inc.’s FY2018 Earnings (T)

AT&T Inc. (NYSE:T) – Stock analysts at Gabelli upped their FY2018 EPS estimates for shares of AT&T in a report issued on Wednesday. Gabelli analyst S. Dluzhevskiy now forecasts that the technology company will post earnings per share of $3.50 for the year, up from their prior estimate of $3.45. Gabelli also issued estimates for AT&T’s FY2022 earnings at $3.85 EPS.

Other analysts also recently issued reports about the company. SunTrust Banks boosted their target price on AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, February 1st. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Oppenheimer reissued a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Canaccord Genuity reissued a “buy” rating and issued a $51.00 target price on shares of AT&T in a report on Friday, November 10th. Finally, Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 target price for the company. in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $41.94.

AT&T (NYSE:T) traded up $0.48 during trading on Thursday, hitting $36.05. The stock had a trading volume of 50,141,904 shares, compared to its average volume of 32,900,000. AT&T has a fifty-two week low of $32.55 and a fifty-two week high of $42.70. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 1.60. The stock has a market cap of $224,300.00, a P/E ratio of 7.51, a P/E/G ratio of 2.46 and a beta of 0.37.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.13. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The business had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. During the same period in the previous year, the business earned $0.66 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after buying an additional 9,053,649 shares during the last quarter. American Century Companies Inc. grew its holdings in AT&T by 90.2% during the 4th quarter. American Century Companies Inc. now owns 15,886,607 shares of the technology company’s stock valued at $617,671,000 after buying an additional 7,535,393 shares during the last quarter. Janus Henderson Group PLC grew its holdings in AT&T by 6,188.8% during the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after buying an additional 6,790,430 shares during the last quarter. Nordea Investment Management AB grew its holdings in AT&T by 37.7% during the 3rd quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock valued at $905,538,000 after buying an additional 6,330,819 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in AT&T by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after buying an additional 5,619,434 shares during the last quarter. Institutional investors own 55.49% of the company’s stock.

In other AT&T news, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the transaction, the executive vice president now owns 51,672 shares in the company, valued at approximately $2,026,059.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard W. Fisher bought 2,600 shares of the company’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the transaction, the director now directly owns 2,600 shares in the company, valued at approximately $99,060. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 5.55%. AT&T’s dividend payout ratio is currently 41.67%.

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About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Earnings History and Estimates for AT&T (NYSE:T)

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