AT&T (NYSE:T) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

AT&T (NYSE:T) posted its quarterly earnings data on Wednesday. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05, FiscalAI reports. AT&T had a net margin of 16.94% and a return on equity of 12.86%.

AT&T Trading Up 0.9%

Shares of AT&T stock opened at $23.41 on Wednesday. The stock has a market cap of $160.44 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 1.13 and a beta of 0.25. The firm has a fifty day moving average price of $24.94 and a 200 day moving average price of $24.33. AT&T has a 1 year low of $19.89 and a 1 year high of $29.43. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio is 36.75%.

Key Stories Impacting AT&T

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

• Positive Sentiment: Revenue increased 5.3% year over year to $32.3 billion, while adjusted EPS of $0.65 exceeded the $0.60 analyst consensus. AT&T also raised its 2026 adjusted EPS outlook. AT&T raises annual profit forecast on strong demand for bundled plans
• Positive Sentiment: Advanced Connectivity produced record internet net additions of 769,000, including 442,000 fiber and 327,000 fixed-wireless additions. Postpaid phone net additions reached 379,000, and converged customer relationships grew by approximately 350,000. AT&T Delivers Strong Third-Quarter 2026 Results
• Positive Sentiment: Advanced Connectivity service revenue rose 6.1% to $23.9 billion, with operating income up 18.9% to $7.6 billion. AT&T also lowered its long-term capital-investment outlook, potentially improving future free-cash-flow generation, while returning about $4.8 billion to shareholders, including $2.8 billion in repurchases. AT&T Delivers Strong Third-Quarter 2026 Results
• Neutral Sentiment: Reported net income was $891 million, and diluted EPS from continuing operations was $0.13, substantially below the adjusted EPS figure. Investors will likely focus on the quality of earnings and cash flow behind the adjustment.
• Negative Sentiment: Elon Musk characterized Starlink as a disruptive threat to traditional telecom providers, keeping satellite broadband competition as a longer-term risk for AT&T, T-Mobile and Verizon. Starlink competition article

Analyst Ratings Changes

T has been the topic of several research reports. Wells Fargo & Company upped their target price on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Scotiabank lowered their price target on AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a research report on Friday, October 9th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Thursday, July 23rd. Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Finally, Argus cut their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.05.

About AT&T

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.