Verizon Communications (NYSE:VZ) Issues Earnings Results

Verizon Communications (NYSE:VZ) posted its quarterly earnings results on Friday. The cell phone carrier reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01), Zacks reports. Verizon Communications had a net margin of 7.30% and a return on equity of 20.05%. During the same period in the previous year, the firm posted $1.08 earnings per share. Verizon Communications updated its FY 2025 guidance to 4.590-4.730 EPS.

Verizon Communications Stock Performance

Verizon Communications stock opened at $39.54 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.66 and a quick ratio of 0.62. Verizon Communications has a 12 month low of $37.58 and a 12 month high of $45.36. The company has a fifty day moving average price of $40.89 and a two-hundred day moving average price of $41.63. The company has a market cap of $166.43 billion, a PE ratio of 17.04, a P/E/G ratio of 3.27 and a beta of 0.46.

Verizon Communications Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.6775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.85%. Verizon Communications’s dividend payout ratio (DPR) is 116.81%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VZ. Royal Bank of Canada lowered their price objective on shares of Verizon Communications from $46.00 to $42.00 in a research note on Friday. KeyCorp cut Verizon Communications from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Wolfe Research lifted their price target on shares of Verizon Communications from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Verizon Communications from $40.00 to $42.00 and gave the company a “hold” rating in a report on Friday. Finally, UBS Group boosted their price objective on Verizon Communications from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Verizon Communications has a consensus rating of “Hold” and a consensus target price of $46.29.

About Verizon Communications

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).