Zacks Research Has Negative Outlook for AT&T Q4 Earnings

AT&T Inc. (NYSE:T) – Investment analysts at Zacks Research lowered their Q4 2024 earnings per share estimates for shares of AT&T in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the technology company will earn $0.49 per share for the quarter, down from their previous estimate of $0.51. The consensus estimate for AT&T’s current full-year earnings is $2.22 per share. Zacks Research also issued estimates for AT&T’s Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.59 EPS and FY2026 earnings at $2.43 EPS.

Other analysts have also issued research reports about the company. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Wells Fargo & Company cut their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. TD Cowen lifted their price objective on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Oppenheimer boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $22.00 price objective on shares of AT&T in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

AT&T Price Performance

AT&T stock opened at $22.68 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T has a 52-week low of $15.75 and a 52-week high of $22.75. The firm has a market cap of $162.74 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The company’s 50 day moving average is $21.89 and its two-hundred day moving average is $19.71.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in AT&T during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in AT&T by 356.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,116 shares in the last quarter. American Capital Advisory LLC boosted its holdings in AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after purchasing an additional 807 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.