Zacks Research Has Positive Outlook of VZ FY2024 Earnings

Verizon Communications Inc. (NYSE:VZ) – Analysts at Zacks Research boosted their FY2024 earnings estimates for shares of Verizon Communications in a research report issued on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the cell phone carrier will post earnings per share of $4.59 for the year, up from their prior estimate of $4.56. The consensus estimate for Verizon Communications’ current full-year earnings is $4.61 per share. Zacks Research also issued estimates for Verizon Communications’ Q2 2025 earnings at $1.18 EPS, Q3 2025 earnings at $1.19 EPS, Q4 2025 earnings at $1.22 EPS, FY2025 earnings at $4.72 EPS, Q1 2026 earnings at $1.22 EPS, Q2 2026 earnings at $1.17 EPS, Q3 2026 earnings at $1.15 EPS and FY2026 earnings at $4.77 EPS.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Tuesday, October 22nd. The cell phone carrier reported $1.19 EPS for the quarter, beating the consensus estimate of $1.18 by $0.01. The firm had revenue of $33.30 billion during the quarter, compared to the consensus estimate of $33.42 billion. Verizon Communications had a return on equity of 20.05% and a net margin of 7.30%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 EPS.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada lifted their price objective on Verizon Communications from $42.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. lowered their price target on shares of Verizon Communications from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. UBS Group raised their price objective on shares of Verizon Communications from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Raymond James increased their price target on shares of Verizon Communications from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Finally, TD Cowen raised their price target on shares of Verizon Communications from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.37.

Verizon Communications Trading Up 1.9 %

VZ opened at $41.65 on Thursday. The firm has a market capitalization of $175.33 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.43. The company’s 50 day simple moving average is $43.02 and its two-hundred day simple moving average is $41.41. Verizon Communications has a 1-year low of $35.93 and a 1-year high of $45.36. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a dividend of $0.678 per share. This represents a $2.71 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend was Thursday, October 10th. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.67. Verizon Communications’s dividend payout ratio (DPR) is 116.81%.

Institutional Trading of Verizon Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Koesten Hirschmann & Crabtree INC. purchased a new stake in Verizon Communications in the 1st quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Verizon Communications in the third quarter valued at about $31,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Verizon Communications during the second quarter worth about $32,000. MFA Wealth Advisors LLC purchased a new position in shares of Verizon Communications during the second quarter worth about $33,000. Finally, Accordant Advisory Group Inc increased its position in Verizon Communications by 137.6% in the 3rd quarter. Accordant Advisory Group Inc now owns 777 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds 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).