Verizon Communications (NYSE:VZ) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Verizon Communications (NYSE:VZ) issued its quarterly earnings data on Friday. The cell phone carrier reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01), Zacks reports. Verizon Communications had a net margin of 7.30% and a return on equity of 20.05%. During the same period in the prior year, the firm earned $1.08 EPS. Verizon Communications updated its FY 2025 guidance to 4.590-4.730 EPS.

Verizon Communications Stock Performance

NYSE:VZ opened at $40.31 on Friday. The stock has a fifty day moving average price of $40.93 and a 200-day moving average price of $41.64. The company has a market cap of $169.67 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 3.27 and a beta of 0.46. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.62 and a current ratio of 0.66. Verizon Communications has a fifty-two week low of $37.58 and a fifty-two week high of $45.36.

Verizon Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.6775 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Friday, January 10th. Verizon Communications’s dividend payout ratio is 116.81%.

Wall Street Analysts Forecast Growth

VZ has been the subject of a number of research reports. Bank of America lifted their price objective on Verizon Communications from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. UBS Group boosted their target price on Verizon Communications from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. StockNews.com lowered Verizon Communications from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 16th. Scotiabank boosted their target price on Verizon Communications from $46.50 to $47.25 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, KeyCorp lowered Verizon Communications from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Verizon Communications has an average rating of “Moderate Buy” and an average price target of $46.54.

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).