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

AT&T Inc. (NYSE:T) – Equities research analysts at Erste Group Bank lifted their FY2026 earnings estimates for shares of AT&T in a research report issued to clients and investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the technology company will post earnings per share of $2.32 for the year, up from their prior forecast of $2.31. The consensus estimate for AT&T’s current full-year earnings is $2.32 per share. Erste Group Bank also issued estimates for AT&T’s FY2027 earnings at $2.56 EPS.

Several other analysts have also recently commented on T. BNP Paribas Exane decreased their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. KeyCorp raised their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 target price on shares of AT&T in a report on Monday. Scotiabank dropped their price target on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Citigroup raised their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $29.34.

AT&T Stock Performance

T opened at $21.79 on Friday. The stock has a market capitalization of $151.38 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 0.87 and a beta of 0.24. The company has a fifty day moving average of $22.98 and a 200 day moving average of $25.30. AT&T has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. AT&T’s payout ratio is 37.25%.

Institutional Trading of AT&T

Several hedge funds have recently made changes to their positions in the business. Rachor Investment Advisory Services LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T in the 4th quarter valued at approximately $26,000. Blueline Advisors LLC purchased a new position in shares of AT&T in the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC boosted its holdings in shares of AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T News Summary

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

• Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. (NYSE:T) Target Price at $29.68
• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report.
• Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours
• Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless.
• Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored.
• Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst.
• Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares.
• Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.