AT&T (NYSE:T – Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03, Briefing.com reports. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same quarter last year, the company posted $0.64 earnings per share. The business’s revenue was down .5% on a year-over-year basis. AT&T updated its FY24 guidance to $2.15-2.25 EPS.
AT&T Stock Down 1.6 %
AT&T stock traded down $0.36 during trading on Friday, reaching $21.84. 26,035,913 shares of the company’s stock were exchanged, compared to its average volume of 35,713,988. The company’s 50-day moving average is $21.15 and its two-hundred day moving average is $19.08. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. AT&T has a 52-week low of $14.74 and a 52-week high of $22.58. The firm has a market cap of $156.60 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 3.67 and a beta of 0.60.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.08%. AT&T’s dividend payout ratio (DPR) is 59.68%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on AT&T
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.
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