Research Analysts Set Expectations for AT&T FY2027 Earnings

Key Points

• Analysts at Zacks Research have raised their FY2027 earnings per share estimate for AT&T to $2.46, reflecting a slight increase from the previous estimate of $2.45.
• For the most recent quarter, AT&T reported earnings per share of $0.54, exceeding the consensus estimate by $0.01, with revenue also surpassing expectations at $30.85 billion.
• Several investment firms have set target prices for AT&T, with UBS and Raymond James each targeting $33.00, while the average target price across analysts stands at $30.74.

AT&T Inc. (NYSE:T - Free Report) - Equities researchers at Zacks Research boosted their FY2027 earnings per share estimates for AT&T in a research report issued on Wednesday, September 24th. Zacks Research analyst Team now forecasts that the technology company will earn $2.46 per share for the year, up from their prior estimate of $2.45. The consensus estimate for AT&T's current full-year earnings is $2.14 per share.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share.

Other research analysts have also recently issued research reports about the stock. UBS Group set a $33.00 price target on shares of AT&T in a research note on Thursday, September 18th. The Goldman Sachs Group started coverage on shares of AT&T in a report on Tuesday, September 2nd. They set a "buy" rating and a $32.00 price target on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $33.00 target price (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. Wells Fargo & Company upped their price target on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, HSBC cut AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.74.

AT&T Price Performance

Shares of NYSE:T opened at $28.34 on Thursday. The firm's 50 day moving average price is $28.55 and its 200-day moving average price is $27.85. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $202.63 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44. AT&T has a twelve month low of $21.05 and a twelve month high of $29.79.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of T. Capstone Wealth Management LLC bought a new stake in shares of AT&T during the first quarter worth $201,000. Wedmont Private Capital grew its holdings in shares of AT&T by 7.9% in the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company's stock worth $3,302,000 after purchasing an additional 9,027 shares during the last quarter. Xponance Inc. increased its stake in AT&T by 10.2% in the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company's stock worth $31,389,000 after buying an additional 102,419 shares during the period. NBT Bank N A NY increased its stake in AT&T by 7.5% in the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company's stock worth $3,660,000 after buying an additional 8,989 shares during the period. Finally, Park Edge Advisors LLC bought a new position in AT&T in the 1st quarter worth about $1,000,000. Institutional investors own 57.10% of the company's stock.

AT&T Company Profile

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.

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