AT&T (NYSE:T) Trading Up 3.5% After Better-Than-Expected Earnings

AT&T Inc. (NYSE:T)’s share price was up 3.5% during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $23.65 and last traded at $23.0350. 187,202,083 shares were traded during trading, an increase of 270% from the average daily volume of 50,654,254 shares. The stock had previously closed at $22.26.

The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion for 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%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS.

AT&T Dividend Announcement

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

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T reported adjusted EPS of $0.65, topping estimates, while revenue reached $31.56 billion and service momentum improved across wireless, fiber, and broadband. AT&T Delivers Strong Second Quarter Results as Investment-Led Strategy Gains Momentum
• Positive Sentiment: The company added more than 1 million advanced connectivity customers, including strong postpaid phone and internet gains, which supports the bull case that AT&T is still taking share in a competitive wireless market. AT&T tops targets for wireless subscriber additions as bundle offers gain traction
• Positive Sentiment: Management reiterated full-year 2026 EPS guidance and said it is accelerating share buybacks to about $10 billion this year, signaling confidence in cash generation and capital returns. AT&T’s stock rises after earnings. Here’s why investors are cheering.
• Neutral Sentiment: AT&T’s CEO pushed back on fears that Starlink and other satellite entrants are an immediate threat, arguing they are late to the market; that commentary may help sentiment, but it does not remove the competitive overhang. AT&T CEO Dismisses the Starlink Threat: “They’re Coming to the Game Very Late”
• Negative Sentiment: Revenue missed Wall Street expectations, and several articles noted ongoing investor concern that wireless competition and the Starlink narrative could limit how much of the earnings beat translates into a sustained rerating. AT&T Stock Has a Big SpaceX Problem, and Earnings Won’t Solve It

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company began coverage on AT&T in a research report on Wednesday, July 8th. They issued an “underweight” rating and a $18.00 price target for the company. Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday. KeyCorp increased their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Institutional Trading of AT&T

A number of large investors have recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T during the fourth quarter worth approximately $26,000. Blueline Advisors LLC acquired a new stake in AT&T during the fourth quarter worth approximately $26,000. Finally, Winnow Wealth LLC boosted its position in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after acquiring an additional 820 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

The stock has a market capitalization of $160.05 billion, a PE ratio of 7.73, a PEG ratio of 0.86 and a beta of 0.24. 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 company’s 50 day simple moving average is $22.86 and its 200 day simple moving average is $25.26.

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.