uploads///antenna _

Here Are AT&T’s Key Priorities and Outlook for 2019

By

Mar. 18 2019, Published 8:17 a.m. ET

Wall Street analysts’ estimates

Wall Street analysts expect AT&T (T) to report a ~7.8% rise in revenue to $184.0 billion in fiscal 2019 as compared to $170.8 billion in fiscal 2018. Its adjusted EPS are expected to be $3.58 in fiscal 2019 as compared to $3.52 in fiscal 2018.

During the Deutsche Bank Media, Internet and Telecom Conference held on March 13, John Stephens, AT&T’s chief financial officer, talked about AT&T’s key priorities and the outlook for 2019. Stephens stated that AT&T expects low-single-digit adjusted EPS growth in 2019. The company expects free cash flow to be ~$26 billion.

AT&T also expects gross capital expenditures of ~$23 billion in 2019, which is excluding the FirstNet reimbursements of $1 billion. This year, AT&T’s main priority is to pay down its huge debt and reduce its leverage to ~2.5x by the end of 2019.

Article continues below advertisement

AT&T’s stock price

AT&T stock has risen 6.1% year-to-date and fallen 18.2% in the trailing-12-month period. AT&T’s stock price has increased by 1.2% in the last five trading days. In comparison, peer telecom stocks Verizon (VZ), Sprint (S), and T-Mobile (TMUS) have generated returns of 3.1%, 7.6%, and 13.7%, respectively, in the year-to-date period.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.