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

Verizon Communications (NYSE:VZ) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 4.636-4.728 for the period, compared to the consensus estimate of 4.700. The company issued revenue guidance of -.

Verizon Communications Stock Down 3.2%

Shares of VZ stock traded down $1.39 during midday trading on Monday, reaching $42.28. 14,381,237 shares of the stock were exchanged, compared to its average volume of 20,800,646. Verizon Communications has a 1 year low of $37.58 and a 1 year high of $47.35. The company’s 50 day moving average is $43.65 and its two-hundred day moving average is $43.35. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.19. The firm has a market cap of $178.28 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.37 and a beta of 0.37.

Verizon Communications (NYSE:VZ) last posted its earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The firm had revenue of $34.50 billion for the quarter, compared to the consensus estimate of $33.47 billion. During the same quarter in the prior year, the business earned $1.15 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. On average, equities research analysts predict that Verizon Communications will post 4.69 EPS for the current year.

Verizon Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, October 10th. This is an increase from Verizon Communications’s previous quarterly dividend of $0.68. Verizon Communications’s dividend payout ratio (DPR) is currently 63.17%.

Analyst Upgrades and Downgrades

VZ has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Verizon Communications from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Verizon Communications in a research note on Saturday, September 27th. Royal Bank Of Canada upped their price objective on Verizon Communications from $45.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their price objective on Verizon Communications from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, Bank of America upped their price objective on Verizon Communications from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.53.

Institutional Investors Weigh In On Verizon Communications

Hedge funds and other institutional investors have recently modified their holdings of the stock. WFA of San Diego LLC purchased a new stake in shares of Verizon Communications in the 2nd quarter worth $224,000. Teza Capital Management LLC purchased a new stake in Verizon Communications in the 2nd quarter worth $232,000. Salzhauer Michael purchased a new stake in Verizon Communications in the 2nd quarter worth $244,000. MGB Wealth Management LLC purchased a new position in shares of Verizon Communications during the second quarter valued at about $317,000. Finally, Headlands Technologies LLC purchased a new position in shares of Verizon Communications during the second quarter valued at about $323,000. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

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).