AT&T (NYSE:T) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

AT&T (NYSE:T) posted its quarterly earnings results on Wednesday. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02, FiscalAI reports. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. AT&T updated its FY 2026 guidance to 2.250-2.350 EPS.

AT&T Price Performance

T traded down $0.81 on Wednesday, reaching $25.08. The company had a trading volume of 15,022,535 shares, compared to its average volume of 43,805,125. The company has a market cap of $175.11 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.96 and a beta of 0.34. AT&T has a 52-week low of $22.95 and a 52-week high of $29.79. The business has a 50 day simple moving average of $27.86 and a 200 day simple moving average of $26.04. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

Key Stories Impacting AT&T

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

• Positive Sentiment: Q1 earnings and revenue beat — AT&T reported $0.57 EPS vs. $0.55 consensus and revenue of $31.51B vs. $31.29B expected, signaling steady top‑line execution. Zacks: AT&T Beats Q1 Estimates
• Positive Sentiment: Stronger-than-expected subscriber adds and bundling — AT&T reported healthy wireless and internet additions (postpaid adds ~294K; consumer & business internet adds ~584K), with higher bundling rates (nearly 45% of advanced home internet subs also choosing AT&T wireless), supporting ARPU and retention. Reuters: AT&T Adds Subscribers
• Positive Sentiment: Fiber/advanced connectivity traction — Commentary and slides show convergence strategy (fiber + wireless bundles) is lifting revenue and customer economics, a core part of management’s turnaround story. MarketWatch: Fiber Push Paying Off
• Neutral Sentiment: FY‑2026 guidance reaffirmed and roughly in line with consensus — AT&T set FY guidance at $2.25–$2.35 EPS (consensus ~2.30), which reduces surprise risk but limits immediate upside from guidance alone. Q1 Press Release / Slides
• Positive Sentiment: Analyst support — Recent coverage (Morgan Stanley initiated Overweight with a $30 target) adds institutional endorsement to the turnaround narrative. Yahoo: Morgan Stanley Coverage
• Negative Sentiment: Lingering market and technical headwinds — Some commentary noted shares had been under pressure pre‑earnings due to macro/geopolitical moves and technical patterns; those factors can mute upside even after a beat. Barron’s: Stock Struggling Ahead of Earnings
• Negative Sentiment: Regulatory and structural risks remain — Ongoing regulatory scrutiny of communications firms and legacy debt/competitive pressures are background risks that could limit multiple expansion. NYT: Supreme Court Reviews FCC Enforcement

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on T shares. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Scotiabank increased their price target on shares of AT&T from $31.00 to $31.50 and gave the company a “sector perform” rating in a research report on Wednesday, April 1st. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price target on shares of AT&T in a research report on Thursday, February 12th. Wells Fargo & Company cut their target price on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Finally, Barclays cut their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.74.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of 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 purchasing an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after purchasing an additional 6,094 shares during the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after purchasing an additional 1,022 shares during the last quarter. HUB Investment Partners LLC grew its holdings in shares of AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in shares of AT&T by 1.8% in the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after purchasing an additional 3,677 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

About AT&T

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.