Company Update (NYSE:T): Telecom Conglomerate AT&T Q1 Earnings Expected To Get DirecTV Boost

[at Investor’s Business Daily] – Telecom conglomerate AT&T’s (T) first-quarter EPS is expected to rise 10%, with revenue up 24%, boosted by its acquisition of satellite broadcaster DirecTV last July. AT&T is slated to release earnings … Read more on this. AT&T, Inc. (T) , valued at $233.07B, finished at $38.07. Shares have traded today between $37.88 and $38.10 per share with a trailing 52-week range being $30.97 to $39.72. Priced at 13.40x this year’s forecasted earnings, T shares are relatively expensive compared to the industry’s 4.26x forward p/e ratio. The company pays shareholders $1.92 per share annually in dividends, yielding 5.04%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.84 would be a $0.13 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.53 Billion. If reported, that would be a 24.40% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. When considering if the stock is under or overvalued, the average price target is $39.36, which is 3.39% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update: AT&T Inc (NYSE:T) – AT&T, Verizon Wireless Q1 Margin Boost Might Last Until iPhone 7 Market Update: AT&T Inc (NYSE:T) – AT&T Giving Free 48-Inch Samsung TV To New DirecTV And ‘Next’ Customers Stock Update (NYSE:T): AT&T to Release First-Quarter 2016 Earnings April 26, 2016