Telefonica Brasil SA (VIV) Expected to Post Earnings of $0.18 Per Share

Brokerages predict that Telefonica Brasil SA (NYSE:VIV) will announce $0.18 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Telefonica Brasil SA’s earnings. Telefonica Brasil SA reported earnings per share of $0.19 in the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, May 10th.

On average, analysts expect that Telefonica Brasil SA will report full year earnings of $0.91 per share for the current year. For the next fiscal year, analysts forecast that the business will post earnings of $1.13 per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Telefonica Brasil SA.

A number of research analysts recently issued reports on the company. Zacks Investment Research cut Telefonica Brasil SA from a “hold” rating to a “sell” rating in a report on Friday, February 24th. TheStreet raised Telefonica Brasil SA from a “c” rating to a “b-” rating in a report on Wednesday, March 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.25.

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Telefonica Brasil SA (NYSE:VIV) traded up 0.61% during mid-day trading on Monday, reaching $14.95. 1,350,530 shares of the company traded hands. The stock has a 50 day moving average price of $14.70 and a 200-day moving average price of $14.09. The company has a market capitalization of $25.25 billion, a P/E ratio of 19.44 and a beta of 1.50. Telefonica Brasil SA has a 52-week low of $11.28 and a 52-week high of $15.69.

The company also recently disclosed a dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, May 1st will be issued a dividend of $0.353 per share. This is a boost from Telefonica Brasil SA’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 27th. Telefonica Brasil SA’s payout ratio is currently 81.54%.

A number of hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Telefonica Brasil SA by 4.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 75,724 shares of the Wireless communications provider’s stock valued at $1,096,000 after buying an additional 2,909 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Telefonica Brasil SA by 6.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,279 shares of the Wireless communications provider’s stock valued at $959,000 after buying an additional 4,034 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Telefonica Brasil SA by 12.6% in the first quarter. DnB Asset Management AS now owns 43,800 shares of the Wireless communications provider’s stock valued at $650,000 after buying an additional 4,900 shares in the last quarter. Freestone Capital Holdings LLC boosted its stake in shares of Telefonica Brasil SA by 2.6% in the fourth quarter. Freestone Capital Holdings LLC now owns 208,640 shares of the Wireless communications provider’s stock valued at $2,792,000 after buying an additional 5,220 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Telefonica Brasil SA by 8.1% in the third quarter. World Asset Management Inc now owns 74,861 shares of the Wireless communications provider’s stock valued at $1,083,000 after buying an additional 5,582 shares in the last quarter. 10.19% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil SA Company Profile

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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