What is Zacks Research's Forecast for AT&T FY2026 Earnings?

AT&T Inc. (NYSE:T - Free Report) - Analysts at Zacks Research dropped their FY2026 earnings per share estimates for AT&T in a report issued on Wednesday, October 16th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of $2.46 per share for the year, down from their previous estimate of $2.48. The consensus estimate for AT&T's current full-year earnings is $2.22 per share.

Other analysts have also recently issued research reports about the company. Scotiabank cut AT&T from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 6th. The Goldman Sachs Group assumed coverage on shares of AT&T in a research report on Monday, July 1st. They set a "buy" rating and a $22.00 price target for the company. Hsbc Global Res upgraded shares of AT&T to a "strong-buy" rating in a report on Tuesday, October 1st. Tigress Financial upped 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. Finally, TD Cowen lifted their target price on AT&T from $21.00 to $23.00 and gave the company a "hold" rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.69.

AT&T Trading Up 0.6 %

Shares of NYSE:T traded up $0.12 during trading on Friday, reaching $21.85. The stock had a trading volume of 27,276,188 shares, compared to its average volume of 35,539,133. AT&T has a fifty-two week low of $14.74 and a fifty-two week high of $22.34. The business has a fifty day moving average price of $20.90 and a 200-day moving average price of $18.93. The stock has a market cap of $156.67 billion, a P/E ratio of 11.71, a PEG ratio of 3.63 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting analysts' consensus estimates of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm had revenue of $29.80 billion for the quarter, compared to analysts' expectations of $30.05 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. AT&T's quarterly revenue was down .3% on a year-over-year basis.

Institutional Trading of AT&T

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in AT&T by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 624,994,998 shares of the technology company's stock valued at $10,999,912,000 after purchasing an additional 2,588,539 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 during the last quarter. Legal & General Group Plc boosted its position in shares of AT&T by 2.7% during the second quarter. Legal & General Group Plc now owns 60,109,127 shares of the technology company's stock worth $1,148,689,000 after buying an additional 1,569,374 shares during the period. Ameriprise Financial Inc. grew its holdings in AT&T by 2.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 51,558,884 shares of the technology company's stock worth $985,307,000 after buying an additional 1,007,228 shares in the last quarter. Finally, LSV Asset Management increased its position in AT&T by 1.1% in the 2nd quarter. LSV Asset Management now owns 30,092,610 shares of the technology company's stock valued at $575,070,000 after acquiring an additional 315,580 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 5.08%. AT&T's dividend payout ratio (DPR) is 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.