Company Update (NYSE:T): AT&T to Release Second-Quarter 2016 Earnings July 21

[Business Wire] – AT&T* announced today that the company’s second-quarter 2016 results will be released after the New York Stock Exchange closes on Thursday, July 21, 2016. At 4:30 p.m. ET the same day, AT&T will host a conference call to discuss the results. Read more on this. AT&T, Inc. (T) , valued at $253.95B, started trading this morning at $40.83. A quick look at the market, the company’s stock traded between $40.56 and $41.25 with a one year range of $30.97 to $41.25. T shares are currently priced at 14.26x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.24x earnings multiple for the same period. The company pays shareholders $1.92 per share annually in dividends, yielding 4.71%. According to a consensus of 23 analysts, the earnings estimate of $0.72 per share would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.86 is a $0.15 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.75 Billion. If reported, that would be a 23.41% increase over the year-ago quarter. In terms of ratings, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. The average price target for T shares by the analysts covering it is $39.56, which is 3.11% below where the stock opened. See more in (NYSE:T) Similar Articles: Company Update (NYSE:USB): U.S. Bancorp to Release Second Quarter Earnings Results and Host Conference Call Friday, July 15, 2016 Stock Update (NYSE:T): AT&T to Release First-Quarter 2016 Earnings April 26, 2016 Company Update (NYSE:T): AT&T, Comcast Could Add Pay-TV Subscribers In 2016
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