Verizon Communications (VZ) Scheduled to Post Earnings on Friday

Verizon Communications (NYSE:VZ) is scheduled to release its earnings data before the market opens on Friday, October 25th. Analysts expect Verizon Communications to post earnings of $1.24 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Verizon Communications (NYSE:VZ) last posted its earnings results on Thursday, August 1st. The cell phone carrier reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. Verizon Communications had a net margin of 12.08% and a return on equity of 34.91%. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $32.42 billion. During the same period last year, the firm posted $1.20 earnings per share. Verizon Communications’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts expect Verizon Communications to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

VZ stock opened at $60.77 on Wednesday. The firm has a fifty day moving average price of $59.87 and a 200 day moving average price of $57.88. Verizon Communications has a fifty-two week low of $52.28 and a fifty-two week high of $61.58. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.84 and a current ratio of 0.87. The firm has a market cap of $252.49 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.615 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.60. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.05%. Verizon Communications’s dividend payout ratio (DPR) is 52.23%.

In related news, EVP Craig L. Silliman sold 1,349 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $56.01, for a total value of $75,557.49. Following the completion of the sale, the executive vice president now directly owns 22,681 shares in the company, valued at $1,270,362.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tami A. Erwin sold 17,000 shares of Verizon Communications stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $57.75, for a total value of $981,750.00. Following the sale, the chief executive officer now owns 853 shares of the company’s stock, valued at $49,260.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,047 shares of company stock valued at $1,214,722. 0.03% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on VZ. Sanford C. Bernstein began coverage on shares of Verizon Communications in a report on Tuesday, October 15th. They issued a “market perform” rating and a $63.00 target price for the company. SunTrust Banks raised their target price on shares of Verizon Communications from $61.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. ValuEngine lowered shares of Verizon Communications from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Zacks Investment Research raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Monday, September 2nd. Finally, Citigroup set a $62.00 target price on shares of Verizon Communications and gave the company a “hold” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $61.90.

About Verizon Communications

Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.

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Earnings History for Verizon Communications (NYSE:VZ)

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