Verizon Communications (VZ) Expected to Announce Earnings on Tuesday

Verizon Communications (NYSE:VZ) will likely be announcing its earnings results before the market opens on Tuesday, April 22nd. Analysts expect the company to announce 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.Investors interested in listening to the company’s conference call can do so using this link.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Friday, January 24th. The cell phone carrier reported $1.10 earnings per share 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 period in the previous year, the firm earned $1.08 EPS. 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 Up 0.9 %

NYSE VZ opened at $44.01 on Monday. 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 capitalization of $185.26 billion, a P/E ratio of 10.63, a PEG ratio of 4.45 and a beta of 0.41. The firm’s 50-day moving average is $43.46 and its two-hundred day moving average is $41.99. Verizon Communications has a 12 month low of $37.59 and a 12 month high of $47.36.

Verizon Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.6775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.71 annualized dividend and a dividend yield of 6.16%. Verizon Communications’s dividend payout ratio is currently 65.46%.

Insider Activity at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 20,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $40.54, for a total value of $810,800.00. Following the completion of the transaction, the chief executive officer now owns 45,675 shares in the company, valued at $1,851,664.50. This represents a 30.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Vandana Venkatesh sold 10,000 shares of Verizon Communications stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $43.79, for a total value of $437,900.00. Following the sale, the executive vice president now 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. Insiders sold 49,085 shares of company stock valued at $2,020,895 over the last three months. 0.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Verizon Communications

An institutional investor recently raised its position in Verizon Communications stock. Brighton Jones LLC increased its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 61.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,986 shares of the cell phone carrier’s stock after purchasing 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. Institutional investors and hedge funds own 62.06% of the company’s stock.

Analyst Upgrades and Downgrades

VZ has been the topic of a number of research analyst reports. DZ Bank raised Verizon Communications from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, January 29th. Scotiabank increased their target price on Verizon Communications from $48.00 to $48.50 and gave the stock a “sector perform” rating in a research note on Tuesday, April 8th. Oppenheimer lifted their target price on Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Evercore ISI raised shares of Verizon Communications from an “in-line” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Friday, April 11th. Finally, TD Cowen upgraded shares of Verizon Communications to a “strong-buy” rating in a report on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Verizon Communications presently has an average rating of “Moderate Buy” and a consensus price target of $46.92.

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).