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

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

AT&T Price Performance

Shares of NYSE T opened at $27.30 on Tuesday. The stock has a market cap of $195.96 billion, a P/E ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.56. The firm’s 50-day simple moving average is $24.40 and its 200 day simple moving average is $22.90. AT&T has a fifty-two week low of $15.94 and a fifty-two week high of $27.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities analysts expect that AT&T will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.07%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Analyst Ratings Changes

T has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Tigress Financial raised their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a report on Thursday, February 13th. Finally, DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $26.74.

Hedge Funds Weigh In On AT&T

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC. Hedge funds and other institutional investors own 57.10% of the company’s stock.

About AT&T

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.