Erste Group Bank Comments on AT&T's FY2027 Earnings (NYSE:T)

Key Points

• Erste Group Bank raised AT&T’s FY2027 EPS forecast to $2.56 from $2.55, above the current consensus estimate of $2.34.
• AT&T’s latest quarterly EPS of $0.65 exceeded estimates by $0.06, while revenue rose 2.3% year over year to $31.56 billion; management’s FY2026 EPS guidance is $2.25–$2.35.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus rating and a $29.20 average price target. AT&T also pays a quarterly dividend of $0.2775, representing an annualized yield of about 4.4%.

AT&T Inc. (NYSE:T - Free Report) - Equities researchers at Erste Group Bank raised their FY2027 earnings per share (EPS) estimates for shares of AT&T in a research report issued on Friday, September 18th. Erste Group Bank analyst H. Engel now expects that the technology company will post earnings of $2.56 per share for the year, up from their prior forecast of $2.55. The consensus estimate for AT&T's current full-year earnings is $2.34 per share.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period in the previous year, the business posted $0.54 EPS. The business'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.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group set a $30.00 target price on AT&T in a research note on Wednesday, July 22nd. BNP Paribas Exane raised AT&T from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $26.00 to $30.00 in a research note on Monday. Argus reduced their price target on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada reduced their price target on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Finally, Barclays lowered their price target on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 8th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $29.20.

AT&T Price Performance

Shares of NYSE:T opened at $25.46 on Tuesday. The stock has a market cap of $174.46 billion, a PE ratio of 8.43, a PEG ratio of 1.26 and a beta of 0.25. The company's fifty day moving average is $24.55 and its 200 day moving average is $24.95. AT&T has a 52 week low of $19.89 and a 52 week high of $29.43. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio is 36.75%.

Institutional Trading of AT&T

A number of hedge funds have recently made changes to their positions in T. State Street Corp boosted its holdings in AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock worth $8,249,109,000 after acquiring an additional 8,314,678 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock valued at $3,629,307,000 after acquiring an additional 5,449,222 shares in the last quarter. Norges Bank bought a new position in shares of AT&T during the fourth quarter valued at $2,181,977,000. Bank of New York Mellon Corp raised its position in shares of AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company's stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares during the last quarter. Finally, GQG Partners LLC purchased a new position in shares of AT&T in the 2nd quarter worth about $1,223,364,000. 57.10% of the stock is owned by institutional investors.

About AT&T

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.

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