Earnings results for Verizon Communications (NYSE:VZ)
Verizon Communications Inc. is expected* to report earnings on 07/21/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 13 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.3. The reported EPS for the same quarter last year was $1.18.
Verizon Communications last announced its earnings results on April 20th, 2021. The cell phone carrier reported $1.31 EPS for the quarter, beating the consensus estimate of $1.29 by $0.02. The company earned $32.87 billion during the quarter, compared to the consensus estimate of $32.47 billion. Its revenue was up 4.0% compared to the same quarter last year. Verizon Communications has generated $4.90 earnings per share over the last year and currently has a price-to-earnings ratio of 12.2. Verizon Communications has confirmed that its next quarterly earnings report will be published on Wednesday, July 21st, 2021. Verizon Communications will be holding an earnings conference call on Wednesday, July 21st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 203-369-3359.
Analyst Opinion on Verizon Communications (NYSE:VZ)
15 Wall Street analysts have issued ratings and price targets for Verizon Communications in the last 12 months. Their average twelve-month price target is $61.93, predicting that the stock has a possible upside of 11.43%. The high price target for VZ is $70.00 and the low price target for VZ is $50.00. There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Verizon Communications has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 6 buy ratings, 8 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $61.93, Verizon Communications has a forecasted upside of 11.4% from its current price of $55.58. Verizon Communications has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Verizon Communications (NYSE:VZ)
Verizon Communications is a leading dividend payer. It pays a dividend yield of 4.49%, putting its dividend yield in the top 25% of dividend-paying stocks. Verizon Communications has been increasing its dividend for 14 years. The dividend payout ratio of Verizon Communications is 51.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Verizon Communications will have a dividend payout ratio of 48.18% next year. This indicates that Verizon Communications will be able to sustain or increase its dividend.
Insiders buying/selling: Verizon Communications (NYSE:VZ)
In the past three months, Verizon Communications insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,874,720.00 in company stock. Only 0.10% of the stock of Verizon Communications is held by insiders. 64.15% of the stock of Verizon Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Verizon Communications (NYSE:VZ
Earnings for Verizon Communications are expected to grow by 1.76% in the coming year, from $5.12 to $5.21 per share. The P/E ratio of Verizon Communications is 12.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.45. The P/E ratio of Verizon Communications is 12.19, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 47.18. Verizon Communications has a PEG Ratio of 3.58. PEG Ratios above 1 indicate that a company could be overvalued. Verizon Communications has a P/B Ratio of 3.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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