After finishing at $17.25 in the prior trading day, AT&T, Inc. (NYSE: T) closed at $16.90, down -2.03%. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 31573017 shares were traded. T stock price reached its highest trading level at $17.08 during the session, while it also had its lowest trading level at $16.81.
Ratios:
Our goal is to gain a better understanding of T by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 1.41.
On February 01, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $18 to $21.
Oppenheimer Upgraded its Perform to Outperform on January 19, 2024, while the target price for the stock was maintained at $21.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 13 ’23 when LUCZO STEPHEN J bought 62,500 shares for $15.55 per share. The transaction valued at 971,875 led to the insider holds 395,500 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, T now has a Market Capitalization of 121.23B and an Enterprise Value of 269.41B. As of this moment, AT&T,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.61, and their Forward P/E ratio for the next fiscal year is 7.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 2.20 whereas that against EBITDA is 5.94.
Stock Price History:
Over the past 52 weeks, T has reached a high of $19.99, while it has fallen to a 52-week low of $13.43. The 50-Day Moving Average of the stock is 17.19, while the 200-Day Moving Average is calculated to be 15.88.
Shares Statistics:
The stock has traded on average 38.50M shares per day over the past 3-months and 34.41M shares per day over the last 10 days, according to various share statistics. A total of 7.15B shares are outstanding, with a floating share count of 7.14B. Insiders hold about 0.11% of the company’s shares, while institutions hold 58.06% stake in the company. Shares short for T as of Mar 28, 2024 were 105.15M with a Short Ratio of 2.31, compared to 95.93M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.47% and a Short% of Float of 1.47%.
Dividends & Splits
In the trailing 12 months, T’s forward annual dividend rate was 1.11, compared to 1.11 this year. Against a Trailing Annual Dividend Yield of 6.54%, it implies a Forward Annual Dividend Yield of 6.57%. The stock’s 5-year Average Dividend Yield is 7.12. The current Payout Ratio is 56.43% for T, which recently paid a dividend on May 01, 2024 with an ex-dividend date of Apr 09, 2024. Stock splits for the company last occurred on Mar 20, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 18 different market analysts. On average, analysts expect EPS of $0.54 for the current quarter, with a high estimate of $0.6 and a low estimate of $0.5, while EPS last year was $0.6. The consensus estimate for the next quarter is $0.57, with high estimates of $0.63 and low estimates of $0.54.
Analysts are recommending an EPS of between $2.44 and $2.09 for the fiscal current year, implying an average EPS of $2.21. EPS for the following year is $2.3, with 21 analysts recommending between $2.51 and $2.05.
Revenue Estimates
16 analysts predict $30.59B in revenue for the current quarter. It ranges from a high estimate of $31.42B to a low estimate of $30.33B. As of the current estimate, AT&T, Inc.’s year-ago sales were $30.27B, an estimated increase of 1.10% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $30.31B, an increase of 1.20% over than the figure of $1.10% in the same quarter last year. There is a high estimate of $30.72B for the next quarter, whereas the lowest estimate is $30.02B.
A total of 23 analysts have provided revenue estimates for T’s current fiscal year. The highest revenue estimate was $126.14B, while the lowest revenue estimate was $123.14B, resulting in an average revenue estimate of $123.79B. In the same quarter a year ago, actual revenue was $122.43B, up 1.10% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $124.82B in the next fiscal year. The high estimate is $125.6B and the low estimate is $122.91B. The average revenue growth estimate for next year is up 0.80% from the average revenue estimate for this year.
