Verizon Communications Inc. (NYSE:VZ) Forecasted to Post FY2026 Earnings of $4.90 Per Share

Verizon Communications Inc. (NYSE:VZFree Report) – Research analysts at Zacks Research cut their FY2026 EPS estimates for shares of Verizon Communications in a note issued to investors on Friday, March 8th. Zacks Research analyst R. Department now anticipates that the cell phone carrier will post earnings per share of $4.90 for the year, down from their prior forecast of $4.91. The consensus estimate for Verizon Communications’ current full-year earnings is $4.60 per share.

A number of other brokerages have also commented on VZ. Daiwa Capital Markets upgraded Verizon Communications from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $36.00 to $47.00 in a research report on Wednesday, January 24th. Oppenheimer reiterated an “outperform” rating and set a $43.00 price target on shares of Verizon Communications in a report on Tuesday, December 19th. Royal Bank of Canada raised their price objective on shares of Verizon Communications from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 20th. Wells Fargo & Company boosted their price objective on shares of Verizon Communications from $40.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, StockNews.com cut shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Get Our Latest Report on VZ

Verizon Communications Trading Down 0.1 %

VZ stock opened at $39.51 on Monday. The firm has a market cap of $166.11 billion, a P/E ratio of 14.32, a P/E/G ratio of 3.00 and a beta of 0.40. Verizon Communications has a 1-year low of $30.14 and a 1-year high of $43.21. The business’s 50 day moving average is $40.23 and its 200-day moving average is $36.80. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 1.47.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The cell phone carrier reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $35.10 billion during the quarter, compared to analysts’ expectations of $34.60 billion. Verizon Communications had a return on equity of 20.71% and a net margin of 8.67%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS.

Verizon Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend is Tuesday, April 9th. Verizon Communications’s dividend payout ratio (DPR) is presently 96.38%.

Insiders Place Their Bets

In other news, CEO Kyle Malady sold 24,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $40.80, for a total transaction of $979,200.00. Following the sale, the chief executive officer now owns 35,201 shares in the company, valued at approximately $1,436,200.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA lifted its position in Verizon Communications by 627.8% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 655 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 565 shares during the last quarter. Criterion Capital Advisors LLC purchased a new position in shares of Verizon Communications in the 4th quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Verizon Communications in the 4th quarter worth approximately $29,000. CGC Financial Services LLC acquired a new stake in Verizon Communications during the 2nd quarter valued at approximately $32,000. Finally, Morton Brown Family Wealth LLC lifted its stake in shares of Verizon Communications by 130.1% in the 4th quarter. Morton Brown Family Wealth LLC now owns 863 shares of the cell phone carrier’s stock valued at $33,000 after purchasing an additional 488 shares during the period. 61.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications Company Profile

(Get Free Report)

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).

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Earnings History and Estimates for Verizon Communications (NYSE:VZ)

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