AT&T (NYSE:T) Shares Gap Up After Earnings Beat

AT&T Inc. (NYSE:T)’s stock price gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $22.26, but opened at $23.38. AT&T shares last traded at $23.1640, with a volume of 23,849,498 shares.

The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. AT&T’s dividend payout ratio is currently 37.25%.

Key AT&T News

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

• Positive Sentiment: AT&T beat Q2 EPS estimates, which is helping boost investor confidence in earnings momentum. AT&T (T) Beats Q2 Earnings Estimates
• Positive Sentiment: The company beat expectations for subscriber growth and free cash flow, signaling healthier operating trends in wireless and broadband. AT&T’s stock rises after earnings. Here’s why investors are cheering.
• Positive Sentiment: AT&T reported a record quarter for combined fiber and fixed wireless net adds, which supports the growth outlook for its broadband strategy. AT&T Delivers Strong Second-Quarter Results as Investment-Led Strategy Gains Momentum
• Neutral Sentiment: AT&T reaffirmed its full-year 2026 and multi-year guidance, but the EPS outlook of $2.25-$2.35 sits slightly below the cited consensus estimate of about $2.31. AT&T Delivers Strong Second-Quarter Results as Investment-Led Strategy Gains Momentum
• Negative Sentiment: Revenue came in below expectations, which partially offsets the earnings beat and may limit upside if sales growth stays modest. AT&T (NYSE:T) Reports Sales Below Analyst Estimates In Q2 CY2026 Earnings

Wall Street Analyst Weigh In

A number of research firms recently weighed in on T. Barclays lowered their target price on shares of 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. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Finally, BNP Paribas Exane cut their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Hedge Funds Weigh In On AT&T

A number of institutional investors and hedge funds have recently added to or reduced their stakes in T. Brighton Jones LLC raised its stake 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 valued at $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. boosted its holdings in shares of AT&T by 4,352.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after acquiring an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC grew its position in AT&T by 4.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after acquiring an additional 1,022 shares during the last quarter. HUB Investment Partners LLC grew its position in AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after acquiring an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its holdings in AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after purchasing an additional 3,677 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

The stock has a fifty day moving average of $22.86 and a two-hundred day moving average of $25.26. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $159.34 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.86 and a beta of 0.24.

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.