Zacks Research Weighs in on AT&T Inc.’s FY2026 Earnings (NYSE:T)

AT&T Inc. (NYSE:T) – Analysts at Zacks Research increased their FY2026 EPS estimates for shares of AT&T in a research note issued on Tuesday, September 17th. Zacks Research analyst R. Department now expects that the technology company will earn $2.48 per share for the year, up from their prior estimate of $2.47. The consensus estimate for AT&T’s current full-year earnings is $2.20 per share.

A number of other analysts have also commented on the stock. Barclays boosted their price objective on shares of AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Daiwa America raised AT&T to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their target price on shares of AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Moffett Nathanson upped their target price on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.31.

AT&T Stock Up 0.7 %

Shares of AT&T stock opened at $21.52 on Friday. The company has a market capitalization of $154.30 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The business has a 50-day moving average of $19.88 and a two-hundred day moving average of $18.34. AT&T has a 1 year low of $14.12 and a 1 year high of $22.34.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS.

Institutional Investors Weigh In On AT&T

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its holdings in AT&T by 1,379.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company’s stock worth $270,581,000 after purchasing an additional 13,201,774 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of AT&T during the 4th quarter valued at $152,109,000. AQR Capital Management LLC grew its stake in AT&T by 43.3% during the 2nd quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock worth $414,563,000 after buying an additional 6,602,586 shares during the last quarter. Bank of New York Mellon Corp increased its position in AT&T by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company’s stock valued at $1,549,375,000 after buying an additional 5,592,123 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of AT&T by 120.8% during the fourth quarter. Point72 Asset Management L.P. now owns 9,086,854 shares of the technology company’s stock valued at $152,477,000 after acquiring an additional 4,970,954 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date was Wednesday, July 10th. AT&T’s dividend payout ratio is currently 59.68%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.