AT&T (NYSE:T) Releases FY 2024 Earnings Guidance

AT&T (NYSE:T) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.150-2.250 for the period, compared to the consensus earnings per share estimate of 2.200. The company issued revenue guidance of -.

AT&T Stock Up 0.1 %

Shares of NYSE T traded up $0.02 during trading on Monday, reaching $22.14. 1,819,383 shares of the stock were exchanged, compared to its average volume of 35,625,699. The business’s 50-day moving average price is $21.47 and its 200 day moving average price is $19.36. The company has a market capitalization of $158.86 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 3.38 and a beta of 0.59. AT&T has a twelve month low of $15.46 and a twelve month high of $22.73. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping 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 business had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts forecast that AT&T will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.01%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Analyst Ratings Changes

T has been the subject of a number of research reports. TD Cowen lifted their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Citigroup upped their target price on shares of AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Wells Fargo & Company cut their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Evercore ISI lifted their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $22.00 price objective on shares of AT&T in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.40.

AT&T Company Profile

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.