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

AT&T Inc. (NYSE:T) – Analysts at Erste Group Bank raised their FY2026 earnings per share estimates for shares of AT&T in a research note issued 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 previous estimate 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 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 return on equity of 12.86% and a net margin of 16.94%. The company had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter last year, the business posted $0.54 EPS. The firm’s revenue for the quarter 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.

T has been the subject of a number of other reports. Royal Bank Of Canada lowered their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Scotiabank cut their price objective on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a report on Thursday, July 23rd. Barclays decreased their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $29.05.

AT&T Price Performance

T opened at $23.07 on Tuesday. The stock has a fifty day simple moving average of $24.99 and a two-hundred day simple moving average of $24.49. 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 market cap of $158.06 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. AT&T has a 12-month low of $19.89 and a 12-month high of $29.43.

Hedge Funds Weigh In On AT&T

Several institutional investors and hedge funds have recently modified their holdings of T. West Wealth Group LLC lifted its position in shares of AT&T by 4.7% in the third quarter. West Wealth Group LLC now owns 11,982 shares of the technology company’s stock valued at $292,000 after acquiring an additional 538 shares in the last quarter. First Pacific Financial boosted its stake in shares of AT&T by 440.0% in the third quarter. First Pacific Financial now owns 5,848 shares of the technology company’s stock worth $143,000 after acquiring an additional 4,765 shares during the period. Fortitude Family Office LLC boosted its stake in shares of AT&T by 8.1% in the third quarter. Fortitude Family Office LLC now owns 51,555 shares of the technology company’s stock worth $1,258,000 after acquiring an additional 3,860 shares during the period. Harbor Group Inc. bought a new position in shares of AT&T in the third quarter worth about $302,000. Finally, Fortress Financial Solutions LLC bought a new position in shares of AT&T in the third quarter worth about $803,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio is currently 36.75%.

AT&T News Summary

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

• Positive Sentiment: Mexico exit sharpens capital allocation: AT&T will sell AT&T Mexico to a 50/50 consortium of Grupo Televisa and Fintech Holdings for approximately $2 billion in cash, plus potential contractual and contingent payments. The deal, expected to close in the first quarter of 2027 pending regulatory approval, should provide cash and reduce exposure to a lower-priority international market. AT&T to Sell AT&T Mexico to Grupo Televisa and Fintech Holdings
• Positive Sentiment: Investors are emphasizing growth and network investment: AT&T’s messaging has increasingly shifted from debt reduction toward expanding U.S. fiber and 5G, potentially supporting long-term subscriber growth and cash flow. The stock also trades at a low earnings multiple relative to the broader market, which may attract value and income investors. Why You Should Think About AT&T Differently Now?
• Positive Sentiment: Potential earnings upside: Analysts and Zacks expect AT&T to have favorable conditions for an earnings beat in its upcoming report. The consensus forecast is about $2.33 in full-year 2026 EPS, with one analyst recently raising its estimate to $2.34. AT&T Earnings Expected to Grow
• Neutral Sentiment: Settlement approved: A court approved a $177 million settlement related to two 2024 data breaches. The payment resolves litigation uncertainty but represents a corporate cost. AT&T Settlement Payout
• Negative Sentiment: Competitive concerns remain: Bernstein downgraded AT&T and lowered telecom price targets, citing the potential impact of SpaceX’s expanding wireless ambitions on traditional carriers.

About AT&T

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.