Zacks Research Issues Optimistic Outlook for VZ Earnings

Verizon Communications Inc. (NYSE:VZ) – Equities research analysts at Zacks Research boosted their Q3 2027 earnings per share (EPS) estimates for Verizon Communications in a research note issued to investors on Wednesday, November 19th. Zacks Research analyst Team now anticipates that the cell phone carrier will earn $1.33 per share for the quarter, up from their previous forecast of $1.32. The consensus estimate for Verizon Communications’ current full-year earnings is $4.69 per share. Zacks Research also issued estimates for Verizon Communications’ FY2027 earnings at $5.13 EPS.

Several other brokerages have also issued reports on VZ. BNP Paribas Exane lowered Verizon Communications from an “outperform” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Tuesday, October 21st. Wall Street Zen downgraded Verizon Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. cut their price objective on Verizon Communications from $49.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Scotiabank increased their target price on shares of Verizon Communications from $50.50 to $51.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Verizon Communications in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $49.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, Verizon Communications has an average rating of “Hold” and an average price target of $47.41.

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $41.22 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.60 and a current ratio of 0.74. Verizon Communications has a 52 week low of $37.58 and a 52 week high of $47.35. The firm has a market cap of $173.80 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 3.03 and a beta of 0.35. The firm’s fifty day moving average is $41.27 and its 200-day moving average is $42.53.

Verizon Communications (NYSE:VZ) last posted its earnings results on Wednesday, October 29th. The cell phone carrier reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Verizon Communications had a net margin of 14.43% and a return on equity of 19.31%. The firm had revenue of $33.82 billion for the quarter, compared to analyst estimates of $34.19 billion. During the same period in the previous year, the firm posted $1.19 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VZ. Bulwark Capital Corp acquired a new stake in shares of Verizon Communications in the 2nd quarter valued at about $25,000. Advantage Trust Co boosted its holdings in Verizon Communications by 549.5% in the second quarter. Advantage Trust Co now owns 591 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 500 shares in the last quarter. TruNorth Capital Management LLC grew its stake in Verizon Communications by 95.3% in the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock valued at $27,000 after acquiring an additional 305 shares during the period. 1 North Wealth Services LLC bought a new stake in shares of Verizon Communications during the first quarter valued at approximately $29,000. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in shares of Verizon Communications during the third quarter valued at approximately $29,000. 62.06% of the stock is owned by institutional investors.

Verizon Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a $0.69 dividend. The ex-dividend date was Friday, October 10th. This represents a $2.76 annualized dividend and a dividend yield of 6.7%. This is an increase from Verizon Communications’s previous quarterly dividend of $0.68. Verizon Communications’s dividend payout ratio (DPR) is presently 58.97%.

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).