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

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

AT&T Trading Down 1.1 %

T stock opened at $25.72 on Thursday. AT&T has a 1-year low of $15.94 and a 1-year high of $27.97. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $24.52 and its 200-day moving average is $22.96. The firm has a market cap of $184.59 billion, a P/E ratio of 17.26, a P/E/G ratio of 3.00 and a beta of 0.56.

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, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts anticipate that AT&T will post 2.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on T. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 29th. Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.74.

Institutional Trading of AT&T

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC lifted its stake in AT&T Inc. (NYSE:T) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,579 shares of the technology company’s stock after acquiring 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 hedge funds and other institutional investors.

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.