Analysts Weigh AT&T Free Cash Flow
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 21 April 2023
⏱️ 9 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Friday, April 21st, and I'm your host Julie Morgan. |
| 0:12.0 | AT&T dropped more than 10% on Thursday. |
| 0:15.0 | Analysts are weighing the company's free cash flow. |
| 0:18.0 | U-Power surge is more than 1,000% in its market debut, ticker symbol UCAR. |
| 0:26.3 | What happened to No Baxes? |
| 0:28.3 | Hasbro is reportedly discussing selling its E1 studio back to its founder. |
| 0:34.0 | Our top story. |
| 0:36.0 | AT&T stock ended Thursdays trading down 10.4%. |
| 0:41.0 | This was after first quarter earnings, which was largely solid across several metrics, but saw subscriber growth slow a bit, and it |
| 0:48.8 | spooked dividend focused investors who hoped for significantly higher free cash flow. |
| 0:54.6 | Revenues were close to street expectations, ticking up slightly year over year, |
| 0:59.4 | and non-gap earnings per share topped consensus by a penny. |
| 1:03.7 | Though the company's adjusted earnings before interest, taxes, depreciation, and amortization |
| 1:09.6 | largely fell short of consensus. |
| 1:12.0 | Free cash flow came in at just $1 billion, |
| 1:15.0 | while analysts had expected $2.6 billion, |
| 1:18.0 | thanks to higher capital expenditures than expected. |
| 1:22.0 | There is no shortage of articles on AT&T's dedicated stock page on Seeking Alpha. |
| 1:27.7 | There's also no consensus on whether the stock is a sell, hold, buy, or strong buy. The latest article is by Gary Gambino. It's |
| 1:36.2 | entitled AT&T free cash flow freak out. In the article Gary rates the stock a hold. |
| 1:43.0 | He says the company is delivering on its strategy to expand 5G wireless and fiber. |
... |
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