AT&T Inc. ($T) Earnings (Q1 FY22)

 AT&T ($T) Earnings and Opinion:


AT&T is a company in the Communication Services sector and operates in the Telecom Services industry. The company provides telecommunications, media, and technology services worldwide. AT&T was incorporated in 1983 and is currently headquartered in Dallas, Texas. The company was first traded on the stock market in 1964. 

AT&T EPS and Revenue (Q1 FY22):

  • EPS of $0.77 beating expectations of $0.69
  • Revenue of $38.1B beating expectations of $29.53B
AT&T Highlights Q1:
  • Free Cash Flow of $0.7B
  • Global HBO and HBO Max Subs up 12.8M
  • 691,000 postpaid net adds beating expectations
Opinion:
AT&T traded higher today while reporting earnings before the market opened this morning. The company beat expectations pretty badly in all major categories. However, they were down in some areas compared to this time last year. AT&T has been a company that has struggled recently with growth and has seen its stock drop compared to last year. The company seems to have had a solid start to this fiscal year, which could be positive news for investors if they keep up the momentum. I liked that they were able to net add 691,000 wireless subscribers when they were only expected around 420,000. The service is starting to become better and they are hopefully going to come out on top of competition. The dividend seems to go back to normal levels, after having a huge payout ratio in the past, it is starting to come back down to normal levels. They pay a pretty high yield and it is nice for income generating investors because the share price isn't too high. I personally own a decent amount of shares in this company and have for a while. I am using it to build some income and hopefully have some growth on top of it. That hasn't been the case for me so far, but they are a company that will probably be around for a while so no worries in that aspect. I would say, if you're looking for a company that provides a good dividend and want to generate income, this wouldn't be a bad choice. However, check valuations because they burn a lot of cash on dividends and still have a fair share of debt outstanding. 

*Information from AT&T, Yahoo Finance, Nasdaq
*Estimates from Zacks

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