AT&T Inc. (NYSE:T – Get Rating) – Analysts at Oppenheimer issued their Q1 2023 earnings per share estimates for AT&T in a research report issued to clients and investors on Thursday, January 26th. Oppenheimer analyst T. Horan expects that the technology company will earn $0.59 per share for the quarter. The consensus estimate for AT&T's current full-year earnings is $2.39 per share. Oppenheimer also issued estimates for AT&T's Q2 2023 earnings at $0.64 EPS, Q3 2023 earnings at $0.66 EPS, Q4 2023 earnings at $0.58 EPS, FY2023 earnings at $2.47 EPS, FY2024 earnings at $2.49 EPS, FY2025 earnings at $2.54 EPS, FY2026 earnings at $2.59 EPS and FY2027 earnings at $2.63 EPS.
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A number of other research analysts have also recently commented on T. Cowen upped their target price on AT&T from $24.00 to $25.00 in a research note on Thursday. Barclays upped their target price on AT&T from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, October 24th. Wells Fargo & Company upgraded AT&T from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $17.00 to $22.00 in a report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $22.00 to $23.00 and gave the company a "buy" rating in a report on Friday, October 21st. Finally, Moffett Nathanson reiterated an "underperform" rating and issued a $17.00 price target on shares of AT&T in a report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.
AT&T Trading Down 0.3 %
T opened at $19.95 on Friday. The stock has a market cap of $142.18 billion, a price-to-earnings ratio of -16.73, a P/E/G ratio of 2.55 and a beta of 0.61. The stock's 50 day moving average price is $18.97 and its 200-day moving average price is $18.11. AT&T has a one year low of $14.46 and a one year high of $22.84. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.54 and a current ratio of 0.59.
AT&T (NYSE:T – Get Rating) last released its earnings results on Wednesday, January 25th. The technology company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $31.30 billion for the quarter, compared to analysts' expectations of $31.50 billion. AT&T had a positive return on equity of 14.18% and a negative net margin of 6.60%. The company's quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Monday, January 9th. AT&T's payout ratio is presently -93.28%.
Hedge Funds Weigh In On AT&T
Several hedge funds have recently made changes to their positions in the company. Albert D Mason Inc. grew its position in shares of AT&T by 1.9% in the fourth quarter. Albert D Mason Inc. now owns 27,994 shares of the technology company's stock valued at $515,000 after purchasing an additional 520 shares during the last quarter. Atlas Brown Inc. boosted its position in AT&T by 0.7% during the fourth quarter. Atlas Brown Inc. now owns 78,373 shares of the technology company's stock worth $1,443,000 after acquiring an additional 523 shares during the last quarter. Independent Wealth Network Inc. boosted its position in AT&T by 1.9% during the fourth quarter. Independent Wealth Network Inc. now owns 29,120 shares of the technology company's stock worth $536,000 after acquiring an additional 533 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in AT&T by 1.2% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company's stock worth $1,119,000 after acquiring an additional 547 shares during the last quarter. Finally, Widmann Financial Services Inc. boosted its position in AT&T by 0.7% during the second quarter. Widmann Financial Services Inc. now owns 77,897 shares of the technology company's stock worth $1,632,000 after acquiring an additional 558 shares during the last quarter. 51.86% of the stock is owned by institutional investors and hedge funds.
About AT&T
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AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.
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