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

AT&T Inc. (NYSE:T) – Analysts at Erste Group Bank increased their FY2026 earnings estimates for shares of AT&T in a research note issued to investors on Monday, April 27th. Erste Group Bank analyst H. Engel now forecasts that the technology company will post earnings of $2.31 per share for the year, up from their prior estimate of $2.30. The consensus estimate for AT&T’s current full-year earnings is $2.31 per share.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $31.29 billion. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter 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.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company lowered their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. TD Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. KeyCorp boosted their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Finally, Barclays reduced their price objective on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

AT&T Price Performance

T stock opened at $26.07 on Wednesday. The stock has a market cap of $182.09 billion, a PE ratio of 8.75, a P/E/G ratio of 0.94 and a beta of 0.34. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a 50-day moving average price of $27.60 and a 200 day moving average price of $26.05.

Hedge Funds Weigh In On AT&T

Several hedge funds and other institutional investors have recently added to or reduced their stakes in T. Mountain Hill Investment Partners Corp. raised its position in shares of AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares during the last quarter. GGM Financials LLC acquired a new stake in shares of AT&T in the third quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in AT&T during the first quarter worth about $29,000. Safe Harbor Fiduciary LLC acquired a new stake in AT&T during the fourth quarter worth about $25,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in AT&T during the fourth quarter worth about $25,000. 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 Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Management is accelerating bundled phone + fiber plans (OneConnect) to retain customers and offset slowing phone growth — a strategy that could stabilize wireless churn and improve lifetime revenue per customer. AT&T Bets On Bundled Phone And Fiber To Steady Growth
• Positive Sentiment: AT&T is backing large capex plans to expand its U.S. network (reported commitments cited widely), signaling long?term focus on fiber buildout to reduce churn and drive future revenue — positive for competitive positioning if execution remains on track. AT&T commits $250B to expand U.S. network and curb churn
• Positive Sentiment: Regulatory approval for AST SpaceMobile’s large direct?to?device satellite network strengthens a partner ecosystem that includes AT&T, potentially extending coverage and new service opportunities if deployments proceed. AST SpaceMobile Gets FCC Green Light for Direct-to-Device Service After Launch Setback
• Neutral Sentiment: AT&T remains a high?dividend name and was featured among attractive Fortune 500 dividend stocks; that supports income?oriented demand but doesn’t change fundamentals. (Scotiabank slightly trimmed its PT to $31.) AT&T (T) – Among the 10 Best Fortune 500 Dividend Stocks to Invest in Right Now
• Neutral Sentiment: Wall Street analysts are moderately optimistic overall; coverage shows some buy/hold bias but not large consensus upgrades — keep an eye on analyst moves tied to subscriber and cash?flow trends. Are Wall Street Analysts Predicting AT&T Stock Will Climb or Sink?
• Neutral Sentiment: Increased retail/investor search interest and coverage (Zacks/Yahoo) is drawing attention to the name, which can amplify short?term flows but is not a fundamental catalyst by itself. Investors Heavily Search AT&T Inc. (T): Here is What You Need to Know
• Negative Sentiment: Free cash flow fell materially last quarter as AT&T pours capital into fiber buildout, raising questions about near?term dividend coverage and balance?sheet flexibility if spending continues at a high pace. AT&T’s Free Cash Flow Declined Significantly Last Quarter. Is Its Dividend Still Safe?
• Negative Sentiment: Short, localized outage reports surfaced (consumer noise) — typically transient but can pressure sentiment if problems widen or affect churn metrics. Is there an AT&T outage? AT&T outage today reported

About AT&T

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.