Verizon Communications (NYSE:VZ) Issues FY 2025 Earnings Guidance

Verizon Communications (NYSE:VZ - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.590-4.730 for the period, compared to the consensus earnings per share estimate of 4.670. The company issued revenue guidance of -.

Analysts Set New Price Targets

VZ has been the subject of several analyst reports. Argus upgraded shares of Verizon Communications to a "strong-buy" rating in a research note on Monday, January 27th. TD Cowen raised Verizon Communications to a "strong-buy" rating in a research report on Wednesday, January 15th. StockNews.com cut shares of Verizon Communications from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th. Tigress Financial restated a "buy" rating and set a $55.00 price target on shares of Verizon Communications in a research note on Thursday, January 30th. 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, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Verizon Communications currently has an average rating of "Moderate Buy" and an average target price of $46.71.

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Verizon Communications Price Performance

Shares of Verizon Communications stock traded down $0.10 on Tuesday, reaching $43.46. The stock had a trading volume of 21,480,936 shares, compared to its average volume of 18,358,512. The business's 50 day moving average is $41.73 and its two-hundred day moving average is $42.04. The company has a market cap of $182.95 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 4.45 and a beta of 0.41. Verizon Communications has a 1 year low of $37.59 and a 1 year 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 (NYSE:VZ - Get Free Report) last announced its quarterly earnings results on Friday, January 24th. The cell phone carrier reported $1.10 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 company earned $1.08 earnings per share. As a group, research analysts anticipate that Verizon Communications will post 4.69 EPS for the current year.

Verizon Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.6775 per share. This represents a $2.71 annualized dividend and a yield of 6.24%. The ex-dividend date is Thursday, April 10th. Verizon Communications's payout ratio is 65.46%.

Insiders Place Their Bets

In related news, EVP Vandana Venkatesh sold 10,000 shares of the company's 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 completion of the transaction, the executive vice president now directly owns 14,459 shares in the company, valued at approximately $633,159.61. The trade was a 40.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kyle Malady sold 8,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $39.88, for a total value of $319,040.00. Following the completion of the transaction, the chief executive officer now directly owns 6,590 shares in the company, valued at approximately $262,809.20. This represents a 54.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,085 shares of company stock worth $2,020,895 in the last ninety days. 0.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Verizon Communications

An institutional investor recently raised its position in Verizon Communications stock. Brighton Jones LLC increased its stake in Verizon Communications Inc. (NYSE:VZ - Free Report) by 61.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,986 shares of the cell phone carrier's stock after acquiring 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 currently owned by institutional investors and hedge funds.

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).