Company Update (NYSE:T): What to Look For in AT&T Earnings

[at 24/7 Wall St.] – AT&T is scheduled to report its fourth-quarter financial results after the markets close on Tuesday. Read more on this. AT&T, Inc. (T) , valued at $217.17B, began trading this morning at $35.01. Today, shares have traded between $34.93 and $35.37 per share with its 52-week range being $30.97 to $36.45. T shares are currently priced at 12.92x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.54x earnings multiple. And for income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 5.46%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $0.63 per share, which would be $0.08 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.71 which would be a $0.20 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.75 Billion. If reported, that would be a 24.13% increase over the year-ago quarter. In terms of ratings, Citigroup upgraded T from Neutral to Buy (Sep 2, 2015). Previously, Buckingham Research Initiated T at to Buy. The average price target for T shares by the analysts covering the stock is $37.13, which is 6.06% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update (NYSE:T): Jim Cramer — AT&T Dividend Is Safe Thanks to ‘Standout’ Earnings Company Update (NYSE:T): AT&T, Inc. Just Made Some Big Moves to Fight Off T-Mobile Company Update (NYSE:T): AT&T (T) Stock Up on Latest DirecTV Promo
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