Verizon Communications (VZ) to Release Earnings on Tuesday

Verizon Communications (NYSE:VZ - Get Free Report) is expected to release its earnings data 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 participating in the company's earnings conference call can do so using this link.

Verizon Communications (NYSE:VZ - Get Free Report) last released its earnings results on Friday, January 24th. The cell phone carrier reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company 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 Up 0.4 %

NYSE VZ traded up $0.17 during trading on Tuesday, hitting $44.47. 21,787,347 shares of the company traded hands, compared to its average volume of 20,171,746. The company has a market capitalization of $187.22 billion, a P/E ratio of 10.74, a PEG ratio of 4.45 and a beta of 0.41. The business has a fifty day simple moving average of $43.15 and a 200 day simple moving average of $42.02. Verizon Communications has a 12 month low of $37.59 and a 12 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.

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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 paid a dividend of $0.6775 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.71 annualized dividend and a yield of 6.09%. Verizon Communications's payout ratio is 65.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VZ. DZ Bank upgraded shares of Verizon Communications from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a research note on Wednesday, January 29th. StockNews.com cut Verizon Communications from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th. Oppenheimer increased their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. UBS Group lifted their price objective on shares of Verizon Communications from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Finally, Evercore ISI upgraded shares of Verizon Communications from an "in-line" rating to an "outperform" rating and set a $48.00 price objective for the company in a research report on Friday. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $46.92.

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 11,085 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $40.88, for a total value of $453,154.80. Following the completion of the sale, the chief executive officer now owns 14,590 shares in the company, valued at approximately $596,439.20. This represents a 43.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Vandana Venkatesh sold 10,000 shares of Verizon Communications stock in a transaction that occurred 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 sale, the executive vice president now directly owns 14,459 shares in the company, valued at $633,159.61. This trade represents a 40.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,085 shares of company stock valued at $2,020,895. 0.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Verizon Communications

An institutional investor recently raised its position in Verizon Communications stock. Brighton Jones LLC lifted its holdings in Verizon Communications Inc. (NYSE:VZ - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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).