Most Recent Stock Report: Verizon Communications Inc.'s (VZ)
The highest EPS estimate is $1.04 and the lowest is $0.94. The company is scheduled to report its next earnings report before the market opens on Thursday, April 20th. Adjusted earnings per share came in at 95 cents in the reported quarter, below the Zacks Consensus Estimate of 98 cents. Verizon's unlimited data plans have heated up the wireless industry.
The company is facing intense competitive pressure from rivals like AT&T Inc.
Quarterly total revenue decreased 7.3% year over year to $29,814 million, missing the Zacks Consensus Estimate of $30,504 million. The Price to Sales (P/S) ratio of the stock is 0, while P/B (Price to Book) stands at 6.33. Verizon's first quarter earnings indicate that Verizon saw a 13,000 net loss in pay TV subscribers for the quarter, compared to a 36,000 net gain in subscribers during the first quarter of 2016, and a 21,000 net gain in TV subscribers seen in the fourth quarter. Analyst's mean target price for VZ is $51.82 while analysts mean recommendation is 2.70. Citigroup Inc restated a "buy" rating on shares of Verizon Communications in a report on Tuesday, January 24th. Verizon Communications Inc. (NYSE:VZ) shares were trading -10.80% below from the 52-week high mark of $54.51 and 8.08% above from the 52-week bottom of $44.99. NA boosted its stake in shares of Verizon Communications by 3.7% in the third quarter.
03/06/2017 - Verizon Communications Inc. had its "neutral" rating reiterated by analysts at BTIG Research. On Monday, April 18 the stock rating was maintained by Barclays Capital with "Equal-Weight". The company presently has a consensus rating of Hold and a consensus price target of $54.49. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & global copyright and trademark legislation. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and global copyright and trademark law. (NYSE:VZ) was up +0.84% during the last trading session, with a day high of 49.49. The company's 50-day moving average is $49.48 and its 200 day moving average is $50.07. The stock has a market cap of $197.57 billion, a PE ratio of 15.10 and a beta of 0.43.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Tuesday, January 10th were given a $0.5775 dividend. It has a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, April 6th. Verizon Communications's dividend payout ratio (DPR) is now 71.74%. Alpha One also gave media headlines about the cell phone carrier an impact score of 81 out of 100, meaning that recent press coverage is very likely to have an impact on the stock's share price in the near future. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Among 5 analysts covering Vitae Pharmaceuticals (NASDAQ:VTAE), 2 have Buy rating, 0 Sell and 3 Hold. Following the completion of the transaction, the senior vice president now directly owns 16,058 shares in the company, valued at $775,119.66. Operating income declined 10.2% to $7,076 million. The disclosure for this sale can be found here. Stock traders acquired 42,074 call options on the stock. Corporate insiders own 0.10% of the company's stock.
A number of other hedge funds and other institutional investors have also recently modified their holdings of VZ.
Verizon Communications has a payout ratio of 71%, meaning the dividend is sufficiently covered by earnings. The stock, already down 8.3% so far this year, fell another 1% to $48.38 by Thursday afternoon. The return on assets ratio shows how well management is employing the company's total assets to make a profit. Psagot Investment House Ltd. now owns 6,032 shares of the cell phone carrier's stock worth $322,000 after buying an additional 32 shares in the last quarter. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. Imagine being in the first wave of investors to jump on a company with nearly unlimited growth potential? Finally, Price T Rowe Associates Inc.
Yahoo said in its own earnings report earlier this week that it expected the Verizon deal to close sometime by the end of June. Price T Rowe Associates Inc. It increased, as 60 investors sold Verizon Communications Inc. shares while 658 reduced holdings. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies.