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

AT&T Inc. (NYSE:T) – Equities researchers at Erste Group Bank increased their FY2026 earnings per share (EPS) estimates for AT&T in a report released on Monday, July 27th. Erste Group Bank analyst H. Engel now anticipates that the technology company will earn $2.33 per share for the year, up from their previous estimate of $2.32. The consensus estimate for AT&T’s current full-year earnings is $2.34 per share.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS.

Several other analysts have also weighed in on T. Scotiabank lowered their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. Wells Fargo & Company lifted their target price on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Finally, The Goldman Sachs Group set a $30.00 price objective on AT&T in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Trading Up 1.0%

Shares of AT&T stock opened at $24.67 on Wednesday. The stock has a market cap of $169.05 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.99 and a beta of 0.24. 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 50-day moving average of $22.79 and a two-hundred day moving average of $25.24. AT&T has a 12-month low of $19.89 and a 12-month high of $29.79.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in AT&T in the 1st quarter worth approximately $29,000. Robinswood Financial LLC acquired a new stake in AT&T during the 1st quarter valued at $29,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $25,000. Finally, Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the fourth quarter worth $26,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio is 36.75%.

Key AT&T News

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

• Positive Sentiment: AT&T completed its $23 billion acquisition of wireless spectrum from EchoStar. The deal adds approximately 50 MHz of nationwide low- and mid-band spectrum—30 MHz of 3.45 GHz spectrum and 20 MHz of 600 MHz spectrum—across virtually every U.S. market. The additional capacity should strengthen AT&T’s 5G network, improve connection quality and support future data demand. AT&T reiterated its second-quarter financial outlook and capital-allocation plan. AT&T closes $23 billion deal to acquire spectrum from EchoStar
• Positive Sentiment: AT&T expanded its agreement with D-Wave Quantum (NASDAQ: QBTS) to apply quantum-optimization technology to network operations, including outage detection, technician routing and traffic management. Initial testing reportedly reduced a network-optimization task from roughly one hour to 15 seconds. Potential benefits include faster outage response and more efficient network management, though the near-term financial impact is not yet quantified. D-Wave Wins Wider AT&T Deal After 15-Second Test
• Positive Sentiment: Erste Group Bank raised its FY2026 EPS forecast for AT&T to $2.33 from $2.32. The new estimate is close to the $2.34 analyst consensus and adds to the positive sentiment following AT&T’s second-quarter earnings beat, when the company reported $0.65 in EPS versus the $0.59 consensus estimate. AT&T analyst estimate update
• Neutral Sentiment: The spectrum purchase is strategically valuable but capital intensive. AT&T must absorb the substantial upfront cost and still invest in deploying the new spectrum, which could limit near-term financial flexibility despite the potential for improved network competitiveness and long-term returns.

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.