Telefônica Brasil (VIV) to Release Earnings on Tuesday

Telefônica Brasil (NYSE:VIV) will announce its earnings results after the market closes on Tuesday, May 7th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $2.73 billion for the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. On average, analysts expect Telefônica Brasil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telefônica Brasil Stock Up 3.2 %

VIV opened at $9.95 on Friday. The firm has a market capitalization of $16.55 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 0.77 and a beta of 0.77. Telefônica Brasil has a one year low of $7.87 and a one year high of $11.43. The company has a fifty day moving average price of $10.06 and a 200-day moving average price of $10.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92.

Telefônica Brasil Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, January 1st were paid a $0.0373 dividend. The ex-dividend date was Tuesday, April 30th. This represents a yield of 4.7%. Telefônica Brasil’s dividend payout ratio is currently 48.39%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VIV shares. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Barclays reduced their target price on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.60.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.