Dividend sustainability concerns have weighed on AT&T (T 6.25%) in recent years. The telecom giant had previously cut its payout by nearly 50% in 2022 to retain additional cash to invest in its network and reduce debt.
Both Verizon and AT&T have delivered outperforming Q4 results and positive outlooks. This has underpinned fundamental-driven share appreciation, which deviates from historical trends of Treasury-yield-linked volatility. But protracted uncertainties to the interest rate backdrop are likely bound to keep macro-led share volatility the theme in 2025 for both AT&T and Verizon. Looking ahead, we believe macro-led share volatility will again present opportunities for income-focused investors to lock-in on attractive dividend yields.
AT&T (T 6.34%) stock is seeing big gains in Monday's trading despite a bearish backdrop for the broader market. The company's share price was up 7% as of 3:15 p.m.
Goldman Sachs analyst James Schneider maintained a Buy rating on AT&T Inc T with a price target of $28.
AT&T Inc. (NYSE:T ) Q4 2024 Earnings Conference Call January 27, 2025 8:30 AM ET Company Participants Brett Feldman - SVP, Finance & IR John Stankey - CEO Pascal Desroches - CFO Conference Call Participants John Hodulik - UBS David Barden - Bank of America Michael Rollins - Citi Benjamin Swinburne - Morgan Stanley Peter Supino - Wolf Research James Schneider - Goldman Sachs Sebastiano Petti - JPMorgan Timothy Horan - Oppenheimer Operator Good morning, and welcome to AT&T's Fourth Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode.
AT&T Inc.'s Q4 revenue beat expectations at $32.3 billion, driven by strong subscriber adds and low churn, with EPS surpassing estimates at $0.56 per share. Mobility revenues rose 3.3%, postpaid net adds were 839,000, and fiber saw a significant jump with 307,000 net adds, showing robust growth. Operating expenses were $27.0 billion, in line with expectations, and free cash flow was $4.8 billion, comfortably covering the dividend with a payout ratio of 43.8%.
AT&T CEO John Stankey discusses the impact of DeepSeek on the AI and tech industry.
T surpasses fourth-quarter earnings estimates driven by a resilient business model and a diligent execution of operational plans.
Shares in AT&T Inc (NYSE:T) jumped 6% after it dialled in larger gains in customers in the past quarter than expected and said it has entered 2025 with "strong momentum". Net new phone customer numbers for the fourth quarter reached 482,000, beating the forecasted additions of 443,000 from Wall Street analysts.
Telecommunications giant AT&T (T 4.58%) reported fourth-quarter and full-year 2024 earnings on Monday, Jan. 27, that topped analyst consensus estimates. Adjusted earnings per share (EPS) of $0.54 exceeded analysts' projections of $0.50 while revenue rose slightly to $32.3 billion, surpassing the consensus estimate of $32.02 billion.
AT&T (T) shares are showing strength despite broad market weakness, with strong earnings boosted by gaining 800k mobile and fiber customers in the 4th quarter. Jenny Horne reports on the company's finalization of its DirecTV stake and AT&T's plans to focus on its core telecom business.
AT&T CEO John Stankey joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the 5G operating environment, impact of DeepSeek on the AI and tech industry, regulatory and M&A outlook under the new Trump administration, the company's debt position, and more.