Verizon Communications (VZ) to Release Earnings on Tuesday

Verizon Communications (NYSE:VZ) is projected to post its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect Verizon Communications to post earnings of $1.15 per share and revenue of $33.31 billion for the quarter. Verizon Communications has set its FY 2025 guidance at 4.590-4.730 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Friday, January 24th. The cell phone carrier reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). Verizon Communications had a net margin of 12.99% and a return on equity of 19.80%. During the same quarter in the prior year, the business posted $1.08 earnings per share. On average, analysts expect Verizon Communications to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Verizon Communications Stock Performance

Shares of VZ stock opened at $44.32 on Tuesday. Verizon Communications has a 12 month low of $37.59 and a 12 month high of $47.36. The stock has a market capitalization of $186.57 billion, a P/E ratio of 10.71, a PEG ratio of 4.45 and a beta of 0.41. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 1.21. The firm’s 50 day moving average is $43.15 and its 200 day moving average is $42.02.

Verizon Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.6775 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, April 10th. Verizon Communications’s payout ratio is currently 65.46%.

Wall Street Analyst Weigh In

VZ has been the topic of a number of recent research reports. Evercore ISI raised Verizon Communications from an “in-line” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Friday. Scotiabank increased their price target on shares of Verizon Communications from $48.00 to $48.50 and gave the stock a “sector perform” rating in a report on Tuesday, April 8th. TD Cowen raised shares of Verizon Communications to a “strong-buy” rating in a research note on Wednesday, January 15th. Oppenheimer increased their target price on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Finally, StockNews.com lowered shares of Verizon Communications from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.92.

Insider Activity at Verizon Communications

In related news, EVP Vandana Venkatesh sold 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $43.79, for a total transaction of $437,900.00. Following the completion of the sale, the executive vice president now directly owns 14,459 shares in the company, valued at $633,159.61. This represents a 40.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kyle Malady sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $40.54, for a total value of $810,800.00. Following the transaction, the chief executive officer now owns 45,675 shares in the company, valued at approximately $1,851,664.50. The trade was a 30.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,085 shares of company stock valued at $2,020,895. Insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Verizon Communications

A hedge fund recently raised its stake in Verizon Communications stock. Brighton Jones LLC grew its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 61.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,986 shares of the cell phone carrier’s stock after buying an additional 16,704 shares during the period. Brighton Jones LLC’s holdings in Verizon Communications were worth $1,759,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 62.06% of the company’s stock.

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).