AT&T's Bold Move to Boost Shareholder Value

AT&T Inc. has recently made a significant announcement regarding its financial strategy. The telecommunications giant has authorized a $10 billion common stock repurchase scheme, aiming to complete the buyback by the end of 2026. This move is expected to enhance shareholder value and reflects the company's confidence in its future growth prospects.

In addition to the current buyback plan, AT&T is also looking ahead to 2027, with an additional $10 billion set aside for further share repurchases. This long-term commitment to share buybacks underscores the company's strategic focus on maintaining a strong financial position and delivering value to its shareholders.

AT&T's Financial Outlook for 2024 and Beyond

As part of its 2024 outlook, AT&T has provided a detailed forecast of its financial performance. The company anticipates wireless service revenue growth in the 3% range, with broadband revenue growth projected to be at least 7%. Adjusted earnings per share (EPS) are expected to range between $2.20 and $2.25, with free cash flow estimated at $17 billion to $18 billion. Capital investment for the year is forecasted to be between $21 billion and $22 billion.

Looking further ahead to 2025, AT&T expects adjusted EPS to fall within the range of $1.97 to $2.07, with free cash flow exceeding $16 billion. These projections highlight the company's ongoing commitment to sustainable growth and financial stability.