FY2026 Earnings Forecast for AT&T Issued By Erste Group Bank

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for AT&T to $2.34 from $2.33, slightly above the $2.33 consensus and within the company’s $2.25–$2.35 guidance range.
• Analyst sentiment remains favorable, with 11 Buy, six Hold and one Sell rating; AT&T has a consensus rating of “Moderate Buy” and an average price target of $29.05.
• AT&T reported quarterly EPS of $0.65, beating estimates by $0.06, while revenue rose 2.3% year over year to $31.56 billion. The company also declared a quarterly dividend of $0.2775, equivalent to a 4.9% annualized yield.

AT&T Inc. (NYSE:T - Free Report) - Equities researchers at Erste Group Bank boosted their FY2026 earnings per share estimates for AT&T in a report released on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the technology company will earn $2.34 per share 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.

Several other research analysts also recently commented on the stock. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. BNP Paribas Exane raised AT&T from a "neutral" rating to an "outperform" rating and raised their target price for the company from $26.00 to $30.00 in a report on Monday, September 21st. Sanford C. Bernstein lowered AT&T from an "outperform" rating to a "market perform" rating and set a $24.00 target price on the stock. in a report on Tuesday. KeyCorp reaffirmed an "overweight" rating and issued a $36.00 price target on shares of AT&T in a research report on Wednesday, October 7th. Finally, The Goldman Sachs Group set a $30.00 price target on AT&T in a report on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.05.

AT&T Price Performance

NYSE T opened at $22.47 on Tuesday. 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 company has a fifty day simple moving average of $25.00 and a 200 day simple moving average of $24.57. The company has a market cap of $153.97 billion, a P/E ratio of 7.44, a P/E/G ratio of 1.11 and a beta of 0.25. AT&T has a 1 year low of $19.89 and a 1 year high of $29.43.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating 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 company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The company's quarterly revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS.

AT&T Announces Dividend

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

Institutional Trading of AT&T

Institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in AT&T by 5.8% in the second quarter. State Street Corp now owns 334,273,613 shares of the technology company's stock worth $6,919,464,000 after purchasing an additional 18,468,679 shares during the period. Bank of America Corp DE increased its holdings in AT&T by 4.6% in the 1st 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 buying an additional 5,449,222 shares during the period. Bank of New York Mellon Corp increased its holdings in AT&T by 12.7% in the 1st quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company's stock valued at $2,109,443,000 after buying an additional 8,197,935 shares during the period. GQG Partners LLC bought a new stake in AT&T in the 2nd quarter valued at $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of AT&T by 2.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company's stock valued at $1,151,254,000 after buying an additional 1,336,556 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Key Stories Impacting AT&T

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.

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