Brokers Offer Predictions for AT&T's Q3 Earnings (NYSE:T)

AT&T Inc. (NYSE:T - Free Report) - Analysts at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for AT&T in a report released on Wednesday, October 16th. Zacks Research analyst R. Department now forecasts that the technology company will earn $0.60 per share for the quarter, down from their prior forecast of $0.61. The consensus estimate for AT&T's current full-year earnings is $2.22 per share.

Several other research analysts have also weighed in on T. JPMorgan Chase & Co. increased their target price on AT&T from $21.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Tigress Financial raised their price objective on AT&T from $29.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Daiwa America upgraded AT&T to a "hold" rating in a report on Friday, July 26th. Evercore ISI increased their target price on shares of AT&T from $18.00 to $19.00 and gave the stock an "in-line" rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on shares of AT&T from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.69.

AT&T Trading Up 0.1 %

NYSE:T traded up $0.02 during mid-day trading on Thursday, reaching $21.74. The company's stock had a trading volume of 25,468,677 shares, compared to its average volume of 35,580,238. AT&T has a twelve month low of $14.31 and a twelve month high of $22.34. The company's fifty day simple moving average is $20.86 and its two-hundred day simple moving average is $18.91. 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 stock has a market cap of $155.84 billion, a P/E ratio of 11.69, a P/E/G ratio of 3.62 and a beta of 0.60.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting analysts' consensus estimates of $0.57. The business had revenue of $29.80 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV lifted its position 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 during the period. AQR Capital Management LLC lifted its holdings in shares of AT&T by 43.3% in the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company's stock valued at $414,563,000 after buying an additional 6,602,586 shares during the period. Bank of New York Mellon Corp boosted its stake in AT&T by 7.4% during the second 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. Thornburg Investment Management Inc. grew its holdings in AT&T by 22.0% during the second quarter. Thornburg Investment Management Inc. now owns 24,988,396 shares of the technology company's stock worth $477,528,000 after acquiring an additional 4,511,725 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in AT&T in the second quarter worth about $78,570,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.11%. AT&T's dividend payout ratio is presently 59.68%.

AT&T Company Profile

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.