Verizon Communications (NYSE:VZ) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Verizon Communications (NYSE:VZ) issued its quarterly earnings results on Friday. The cell phone carrier reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01), Zacks reports. Verizon Communications had a return on equity of 20.05% and a net margin of 7.30%. During the same period in the prior year, the firm earned $1.08 earnings per share. Verizon Communications updated its FY 2025 guidance to 4.590-4.730 EPS.

Verizon Communications Trading Up 1.0 %

VZ stock opened at $39.57 on Friday. The company has a market capitalization of $166.58 billion, a PE ratio of 17.06, a P/E/G ratio of 3.27 and a beta of 0.46. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.66 and a quick ratio of 0.62. Verizon Communications has a 12 month low of $37.58 and a 12 month high of $45.36. The firm’s 50-day moving average is $40.93 and its 200 day moving average is $41.64.

Verizon Communications Cuts Dividend

The firm also recently declared 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. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date is Friday, January 10th. Verizon Communications’s dividend payout ratio is currently 116.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VZ shares. UBS Group upped their price target on shares of Verizon Communications from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. KeyCorp cut Verizon Communications from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Tigress Financial lifted their target price on Verizon Communications from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Scotiabank increased their price objective on Verizon Communications from $46.50 to $47.25 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, Sanford C. Bernstein initiated coverage on Verizon Communications in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $48.00 target price for the company. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Verizon Communications presently has a consensus rating of “Moderate Buy” and an average 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).