Stock Update (NYSE:T): AT&T to Release First-Quarter 2016 Earnings April 26, 2016

[Business Wire] – AT&T* announced today that the company’s first-quarter 2016 results will be released after the New York Stock Exchange closes on Tuesday, April 26, 2016. At 4:30 p.m. ET the same day, AT&T will host a conference call to discuss the results. Read more on this. AT&T, Inc. (T) , valued at $239.16B, opened this morning at $38.38. Looking at today’s trading action, the company’s one day range from $38.38 to $38.89 with its 52-week range being $30.97 to $39.26. Priced at 13.69x this year’s forecasted earnings, T shares are relatively inexpensive compared to the industry’s 18.05x forward p/e ratio. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.97%. According to a consensus of 23 analysts, the earnings estimate of $0.69 per share would be $0.06 better than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.84, which would be a $0.13 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $41.10 Billion. If realized, that would be a 26.15% increase over the year-ago quarter. Recently, Deutsche Bank Initiated T at Buy (Feb 24, 2016). Previously, DA Davidson Initiated T at to Buy. The average price target for T shares is $37.89, which is 1.28% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update (NYSE:IP): International Paper to Release First-Quarter 2016 Earnings On April 27 Stock Update (NYSE:T): AT&T (T) Stock Up, Migrating Most Applications to Cloud in 2016 Company Update (NYSE:T): AT&T, Comcast Could Add Pay-TV Subscribers In 2016