Verizon Communications (VZ) to Release Quarterly Earnings on Friday

Verizon Communications (NYSE:VZ) is expected to be posting its quarterly earnings results before the market opens on Friday, January 24th. Analysts expect Verizon Communications to post earnings of $1.11 per share and revenue of $35,490,100.00 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, October 22nd. The cell phone carrier reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.01. The firm had revenue of $33.30 billion for the quarter, compared to analyst estimates of $33.42 billion. Verizon Communications had a return on equity of 20.05% and a net margin of 7.30%. Verizon Communications’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 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 Stock Down 0.2 %

Shares of VZ opened at $38.95 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $163.97 billion, a PE ratio of 16.79, a P/E/G ratio of 3.25 and a beta of 0.46. The company’s 50-day simple moving average is $40.97 and its 200-day simple moving average is $41.66. Verizon Communications has a 1 year low of $37.58 and a 1 year high of $45.36.

Verizon Communications Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.6775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.71 annualized dividend and a yield of 6.96%. Verizon Communications’s payout ratio is 116.81%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Tigress Financial raised their target price on Verizon Communications from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Bank of America upped their target price on Verizon Communications from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. TD Cowen upgraded shares of Verizon Communications to a “strong-buy” rating in a research note on Wednesday, January 15th. Citigroup upped their price objective on shares of Verizon Communications from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Scotiabank increased their price objective 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. Ten 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 company. Based on data from MarketBeat.com, Verizon Communications has a consensus rating of “Moderate Buy” and a consensus 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).