AT&T Inc. (T) Expected to Post Quarterly Sales of $48.47 Billion

Brokerages expect AT&T Inc. (NYSE:T) to post sales of $48.47 billion for the current quarter, according to Zacks. Fourteen analysts have issued estimates for AT&T’s earnings. The lowest sales estimate is $47.68 billion and the highest is $49.89 billion. AT&T posted sales of $41.68 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.3%. The company is scheduled to issue its next earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that AT&T will report full-year sales of $174.97 billion for the current financial year, with estimates ranging from $170.27 billion to $186.29 billion. For the next fiscal year, analysts expect that the firm will post sales of $185.74 billion, with estimates ranging from $182.66 billion to $190.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover AT&T.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The business had revenue of $45.74 billion for the quarter, compared to analysts’ expectations of $45.73 billion. AT&T had a return on equity of 13.61% and a net margin of 20.40%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share.

A number of equities research analysts recently weighed in on T shares. ValuEngine upgraded AT&T from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research cut AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Wells Fargo & Co cut AT&T from an “outperform” rating to a “market perform” rating and set a $40.00 price target on the stock. in a report on Wednesday, August 22nd. Bank of America set a $37.00 price target on AT&T and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, Argus restated a “buy” rating and issued a $48.00 price target on shares of AT&T in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.35.

In related news, Director Michael B. Mccallister bought 4,000 shares of the stock in a transaction on Friday, October 26th. The shares were purchased at an average price of $29.14 per share, for a total transaction of $116,560.00. Following the acquisition, the director now owns 7,361 shares in the company, valued at $214,499.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of T. Bank of New York Mellon Corp boosted its holdings in shares of AT&T by 21.2% during the second quarter. Bank of New York Mellon Corp now owns 72,724,434 shares of the technology company’s stock worth $2,335,182,000 after purchasing an additional 12,709,982 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AT&T by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 82,556,205 shares of the technology company’s stock worth $2,650,940,000 after purchasing an additional 11,990,755 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of AT&T by 13.7% during the second quarter. Northern Trust Corp now owns 83,934,430 shares of the technology company’s stock worth $2,695,135,000 after purchasing an additional 10,082,798 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of AT&T during the second quarter worth $321,448,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of AT&T by 21.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,207,723 shares of the technology company’s stock worth $969,970,000 after purchasing an additional 5,257,713 shares during the last quarter. Institutional investors and hedge funds own 63.84% of the company’s stock.

Shares of T stock traded up $0.67 during trading hours on Friday, reaching $31.24. 80,463,950 shares of the company’s stock were exchanged, compared to its average volume of 29,131,206. The company has a market cap of $191.78 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.42. AT&T has a 1 year low of $28.85 and a 1 year high of $39.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91.

About AT&T

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

Further Reading: Systematic Risk

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

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