Erste Group Bank Has Optimistic View of AT&T FY2027 Earnings

AT&T Inc. (NYSE:T) – Research analysts at Erste Group Bank increased their FY2027 earnings per share estimates for AT&T in a research report issued on Wednesday, February 18th. Erste Group Bank analyst H. Engel now expects that the technology company will post earnings of $2.55 per share for the year, up from their previous estimate of $2.53. The consensus estimate for AT&T’s current full-year earnings is $2.14 per share.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. AT&T’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS.

T has been the subject of several other reports. Barclays dropped 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. Wells Fargo & Company dropped 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 note on Monday, January 26th. The Goldman Sachs Group reduced their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 target price on shares of AT&T in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.93.

AT&T Price Performance

Shares of AT&T stock opened at $28.00 on Monday. The stock has a market cap of $195.99 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.04 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The stock has a 50 day moving average price of $25.25 and a 200-day moving average price of $26.35. AT&T has a one year low of $22.95 and a one year high of $29.79.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s payout ratio is 36.39%.

Hedge Funds Weigh In On AT&T

A number of institutional investors have recently modified their holdings of T. Brighton Jones LLC raised its stake in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of AT&T by 5.4% in the 2nd quarter. Carnegie Investment Counsel now owns 22,557 shares of the technology company’s stock valued at $653,000 after acquiring an additional 1,153 shares during the period. AlphaQuest LLC raised its position in shares of AT&T by 962.3% in the 2nd quarter. AlphaQuest LLC now owns 3,665 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,320 shares in the last quarter. Curio Wealth LLC lifted its stake in shares of AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Fielder Capital Group LLC boosted its position in AT&T by 10.5% during the second quarter. Fielder Capital Group LLC now owns 8,128 shares of the technology company’s stock valued at $235,000 after purchasing an additional 772 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

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.