Research Analysts Set Expectations for AT&T FY2026 Earnings

AT&T Inc. (NYSE:T) – Research analysts at Erste Group Bank lifted their FY2026 earnings estimates for AT&T in a report issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the technology company will post earnings per share of $2.34 for the year, up from their prior forecast of $2.33. The consensus estimate for AT&T’s current full-year earnings is $2.33 per share.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The company had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS.

Several other research firms also recently commented on T. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. TD Cowen upped their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price objective on AT&T in a research note on Wednesday, July 22nd. Sanford C. Bernstein lowered AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a research note on Tuesday. Finally, Scotiabank cut their price objective on AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a report on Friday. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $29.05.

AT&T Trading Up 1.3%

Shares of T opened at $22.47 on Tuesday. AT&T has a 1 year low of $19.89 and a 1 year high of $29.43. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $25.00 and a 200-day simple moving average of $24.57. The stock has a market cap of $153.97 billion, a PE ratio of 7.44, a PEG ratio of 1.11 and a beta of 0.25.

Institutional Trading of AT&T

Hedge funds have recently modified their holdings of the company. Orion Capital Management LLC acquired a new position in AT&T in the 2nd quarter worth about $26,000. Addison Advisors LLC bought a new position in AT&T in the second quarter valued at about $27,000. Fairway Wealth LLC bought a new position in AT&T in the first quarter valued at about $29,000. Robinswood Financial LLC acquired a new stake in shares of AT&T during the first quarter valued at about $29,000. Finally, Matrix Trust Co boosted its stake in shares of AT&T by 331.8% during the second quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,148 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio is currently 36.75%.

Key AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T is expected to enter third-quarter earnings with a positive earnings-surprise outlook. Continued fiber expansion and network upgrades could support subscriber growth and long-term revenue, although analysts also cite competition and declining estimates as risks. Does T Stock Deserve a Spot in Your Portfolio Ahead of Q3 Earnings?
• Positive Sentiment: AT&T Business and Itron expanded their partnership to connect utility gas and water systems through AT&T’s nationwide LTE-M network. The deal may modestly strengthen enterprise and Internet-of-Things revenue while helping utilities reduce infrastructure and operating costs. Itron and AT&T Business Expand Next-Generation Connectivity
• Neutral Sentiment: Analysts and financial websites are highlighting AT&T as a heavily watched stock ahead of earnings. Commentary suggests the recent selloff could create valuation upside beyond the company’s dividend yield, but this remains an opinion rather than a new fundamental catalyst. Prediction: AT&T Could Have More Upside Than Its Dividend Suggests
• Neutral Sentiment: AT&T waived certain charges for eligible postpaid and prepaid customers affected by severe storms. The customer-relief measure supports goodwill but is unlikely to materially affect financial results. AT&T Waives Charges for Storm-Affected Subscribers
• Negative Sentiment: SpaceX agreed to acquire a nationwide 800 MHz spectrum portfolio from Grain Management to expand Starlink into mobile services. Investors fear satellite connectivity could challenge traditional wireless providers, contributing to sharp declines across AT&T, Verizon and T-Mobile and raising questions about AT&T’s competitive moat. T-Mobile Stock Worst Day Since 2013 After SpaceX Spectrum Deal
• Negative Sentiment: AT&T’s wireless promotions and discounted iPhone offers may help retain or attract customers, but aggressive pricing can pressure average revenue per user and margins if competitors respond with similar incentives. AT&T iPhone Deals

AT&T Company Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.