Verizon Communications (VZ) Expected to Announce Quarterly Earnings on Tuesday

Verizon Communications (NYSE:VZ - Get Free Report) is expected to be posting its Q1 2025 Pre Recorded 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 (NYSE:VZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The cell phone carrier reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Verizon Communications had a return on equity of 19.80% and a net margin of 12.99%. The firm had revenue of $33.50 billion during the quarter, compared to analysts' expectations of $33.31 billion. 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 Trading Down 1.1 %

Shares of NYSE VZ traded down $0.49 during mid-day trading on Wednesday, hitting $42.71. The company's stock had a trading volume of 29,394,721 shares, compared to its average volume of 20,122,416. Verizon Communications has a one year low of $37.59 and a one year high of $47.36. The company's fifty day simple moving average is $43.59 and its 200-day simple moving average is $42.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.63 and a quick ratio of 0.59. The stock has a market cap of $179.78 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 4.45 and a beta of 0.41.

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 paid a $0.6775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.71 dividend on an annualized basis and a yield of 6.35%. Verizon Communications's payout ratio is presently 65.46%.

Insider Transactions at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 8,000 shares of Verizon Communications 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 sale, the chief executive officer now directly owns 6,590 shares in the company, valued at approximately $262,809.20. The trade was a 54.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the executive vice president now owns 14,459 shares of the company's stock, valued at approximately $633,159.61. This represents a 40.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,085 shares of company stock valued at $2,020,895 over the last three months. Company insiders own 0.10% of the company's stock.

Institutional Trading of Verizon Communications

An institutional investor recently raised its position in Verizon Communications stock. Brighton Jones LLC grew its stake in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 61.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,986 shares of the cell phone carrier's stock after purchasing an additional 16,704 shares during the quarter. Brighton Jones LLC's holdings in Verizon Communications were worth $1,759,000 at the end of the most recent quarter. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VZ. Evercore ISI raised Verizon Communications from an "in-line" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Friday, April 11th. TD Cowen raised Verizon Communications to a "strong-buy" rating in a research note on Wednesday, January 15th. Wolfe Research cut Verizon Communications from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, March 12th. Scotiabank lifted their price objective on shares of Verizon Communications from $48.50 to $49.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Finally, StockNews.com downgraded shares of Verizon Communications from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.94.

Verizon Communications Company Profile

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).