Verizon Communications (NYSE:VZ) Updates FY 2025 Earnings Guidance

Verizon Communications (NYSE:VZ) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.590-4.730 for the period, compared to the consensus estimate of 4.670. The company issued revenue guidance of -.

Verizon Communications Stock Down 0.9 %

Shares of VZ opened at $43.59 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $183.48 billion, a PE ratio of 10.53, a P/E/G ratio of 4.45 and a beta of 0.41. The firm’s 50 day moving average is $41.63 and its 200-day moving average is $42.02. Verizon Communications has a 12 month low of $37.59 and a 12 month high of $47.36.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Friday, January 24th. The cell phone carrier reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.01). Verizon Communications had a net margin of 12.99% and a return on equity of 19.80%. During the same period last year, the firm earned $1.08 earnings per share. Equities research analysts forecast that Verizon Communications will post 4.69 EPS for the current year.

Verizon Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.6775 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.71 annualized dividend and a yield of 6.22%. Verizon Communications’s dividend payout ratio is 65.46%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VZ. DZ Bank raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, January 29th. Wolfe Research lowered Verizon Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, March 12th. Scotiabank upped their price objective on Verizon Communications from $47.50 to $48.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Royal Bank of Canada reduced their price objective on Verizon Communications from $46.00 to $42.00 in a research note on Friday, January 24th. Finally, Argus raised Verizon Communications to a “strong-buy” rating in a research note on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.53.

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 8,000 shares of Verizon Communications stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $39.88, for a total value of $319,040.00. Following the completion of the sale, the chief executive officer now directly owns 6,590 shares in the company, valued at approximately $262,809.20. The trade was a 54.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Vandana Venkatesh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $43.79, for a total transaction of $437,900.00. Following the sale, the executive vice president now directly owns 14,459 shares of the company’s stock, valued at approximately $633,159.61. This trade represents a 40.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,085 shares of company stock worth $2,020,895. Insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Verizon Communications

A hedge fund recently raised its stake in Verizon Communications stock. Brighton Jones LLC raised its position in Verizon Communications Inc. (NYSE:VZ) by 61.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 43,986 shares of the cell phone carrier’s stock after acquiring an additional 16,704 shares during the period. Brighton Jones LLC’s holdings in Verizon Communications were worth $1,759,000 as of its most recent filing with the SEC. Institutional investors own 62.06% of the company’s stock.

About Verizon Communications

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).