AT&T (NYSE:T – Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02, Briefing.com reports. The firm had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. AT&T updated its FY24 guidance to $2.15-2.25 EPS.
AT&T Price Performance
Shares of AT&T stock opened at $16.59 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $16.97 and its two-hundred day moving average price is $16.54. AT&T has a 52 week low of $13.43 and a 52 week high of $18.16. The stock has a market cap of $118.63 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 2.54 and a beta of 0.57.
AT&T Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.
Analyst Ratings Changes
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AT&T Company Profile
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.
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