Verizon Communications (VZ) Projected to Post Earnings on Tuesday

Verizon Communications (NYSE:VZ) is anticipated 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.Persons that wish to listen 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 return on equity of 19.80% and a net margin of 12.99%. During the same quarter in the previous year, the firm earned $1.08 EPS. 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 Price Performance

Shares of VZ opened at $44.01 on Monday. The firm has a market capitalization of $185.26 billion, a PE ratio of 10.63, a P/E/G ratio of 4.45 and a beta of 0.41. The stock’s 50 day moving average is $43.46 and its two-hundred day moving average is $41.99. Verizon Communications has a twelve month low of $37.59 and a twelve month high of $47.36. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 1.21.

Verizon Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.6775 dividend. This represents a $2.71 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Thursday, April 10th. Verizon Communications’s payout ratio is 65.46%.

Insider Transactions at Verizon Communications

In other Verizon Communications news, EVP Vandana Venkatesh sold 10,000 shares of Verizon Communications stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $43.79, for a total value of $437,900.00. Following the transaction, the executive vice president now owns 14,459 shares in the company, valued at $633,159.61. This trade represents a 40.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kyle Malady sold 20,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 45,675 shares of the company’s stock, 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. Insiders have sold 49,085 shares of company stock worth $2,020,895 over the last quarter. 0.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Verizon Communications

An institutional investor recently raised its position in Verizon Communications stock. Brighton Jones LLC grew its position in Verizon Communications Inc. (NYSE:VZ) by 61.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,986 shares of the cell phone carrier’s stock after purchasing 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. 62.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VZ shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Verizon Communications from $40.00 to $42.00 and gave the company a “hold” rating in a report on Friday, January 24th. Evercore ISI upgraded shares of Verizon Communications from an “in-line” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Friday, April 11th. Argus upgraded Verizon Communications to a “strong-buy” rating in a report on Monday, January 27th. DZ Bank raised Verizon Communications from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, January 29th. Finally, Wolfe Research lowered Verizon Communications from an “outperform” rating to a “peer perform” rating in a report on Wednesday, March 12th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.92.

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).