Zacks Research Issues Pessimistic Outlook for AT&T Earnings

AT&T Inc. (NYSE:T) – Research analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for shares of AT&T in a research note issued to investors on Wednesday, October 16th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of $0.60 per share for the quarter, down from their prior estimate of $0.61. The consensus estimate for AT&T’s current full-year earnings is $2.22 per share.

T has been the topic of a number of other research reports. Moffett Nathanson upped their target price on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada upped their price target on AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Barclays upped their price target on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $22.69.

AT&T Stock Up 0.1 %

T stock opened at $21.74 on Thursday. AT&T has a fifty-two week low of $14.31 and a fifty-two week high of $22.34. The business’s 50 day moving average price is $20.90 and its two-hundred day moving average price is $18.93. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. The company has a market capitalization of $155.84 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 3.63 and a beta of 0.60.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS 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 return on equity of 14.16% and a net margin of 10.41%. AT&T’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS.

Hedge Funds Weigh In On AT&T

A number of institutional investors have recently bought and sold shares of the stock. Davidson Kempner Capital Management LP bought a new stake in AT&T during the second quarter valued at about $23,888,000. Talbot Financial LLC bought a new stake in AT&T during the third quarter valued at about $7,438,000. Mackenzie Financial Corp raised its holdings in AT&T by 12.2% during the second quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock valued at $50,486,000 after acquiring an additional 288,093 shares during the period. DRW Securities LLC raised its holdings in AT&T by 642.2% during the second quarter. DRW Securities LLC now owns 104,309 shares of the technology company’s stock valued at $1,997,000 after acquiring an additional 90,255 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in AT&T by 4.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock valued at $19,827,000 after acquiring an additional 43,062 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.11%. AT&T’s dividend payout ratio is currently 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.