AT&T (NYSE:T) released its quarterly earnings data on Thursday. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10, MarketWatch Earnings reports. AT&T had a negative net margin of 1.29% and a positive return on equity of 12.33%. The company had revenue of $44.05 billion during the quarter, compared to the consensus estimate of $42.39 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. AT&T’s revenue for the quarter was up 7.6% on a year-over-year basis. AT&T updated its FY 2021 guidance to EPS and its FY21 guidance to $3.21-3.34 EPS.
NYSE:T traded up $0.14 during trading hours on Thursday, reaching $28.04. 1,293,031 shares of the company traded hands, compared to its average volume of 30,837,840. The firm’s 50-day simple moving average is $29.14. The stock has a market capitalization of $200.21 billion, a PE ratio of -79.97, a P/E/G ratio of 2.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.82. AT&T has a 1-year low of $26.35 and a 1-year high of $33.88.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 2nd. Investors of record on Friday, July 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 7.42%. The ex-dividend date is Thursday, July 8th. AT&T’s payout ratio is currently 65.41%.
A hedge fund recently bought a new stake in AT&T stock. OLD Mission Capital LLC bought a new position in AT&T Inc. (NYSE:T) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,890 shares of the technology company’s stock, valued at approximately $453,000. Institutional investors and hedge funds own 50.40% of the company’s stock.
T has been the topic of a number of recent research reports. Redburn Partners started coverage on shares of AT&T in a report on Friday, June 25th. They issued a “sell” rating and a $23.00 target price on the stock. Scotiabank upgraded shares of AT&T from a “sector underperform” rating to a “sector perform” rating and lifted their price objective for the company from $28.00 to $31.00 in a research note on Wednesday, June 16th. Barclays upped their target price on shares of AT&T from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, April 23rd. Raymond James raised their price target on AT&T from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, April 23rd. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Friday, May 21st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.39.
AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.
Featured Story: Commodities
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.