Verizon Communications (NYSE:VZ) released its earnings results on Tuesday. The cell phone carrier reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02), Bloomberg Earnings reports. Verizon Communications had a return on equity of 58.66% and a net margin of 12.80%. The firm had revenue of $33.96 billion for the quarter, compared to the consensus estimate of $33.20 billion. During the same period in the prior year, the business earned $0.86 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis.

Shares of Verizon Communications (NYSE:VZ) opened at $53.46 on Tuesday. The company has a debt-to-equity ratio of 4.05, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market capitalization of $218,090.00, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 3.49 and a beta of 0.57. Verizon Communications has a 12 month low of $42.80 and a 12 month high of $53.69.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Tuesday, January 9th. Verizon Communications’s payout ratio is currently 60.51%.

Several analysts recently issued reports on VZ shares. Nomura raised Verizon Communications from a “neutral” rating to a “buy” rating and raised their price target for the stock from $47.00 to $61.00 in a report on Tuesday, December 12th. KeyCorp reissued a “hold” rating on shares of Verizon Communications in a report on Saturday, October 21st. Macquarie reissued a “hold” rating and issued a $52.00 price target on shares of Verizon Communications in a report on Sunday, October 22nd. ValuEngine raised Verizon Communications from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, HSBC downgraded Verizon Communications from a “buy” rating to a “hold” rating and cut their price target for the stock from $54.83 to $42.80 in a report on Thursday, December 14th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $51.93.

In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of Verizon Communications stock in a transaction on Friday, October 27th. The stock was sold at an average price of $48.62, for a total transaction of $29,658.20. Following the sale, the executive vice president now owns 5,989 shares of the company’s stock, valued at approximately $291,185.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Raab & Moskowitz Asset Management LLC increased its position in shares of Verizon Communications by 6.4% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 68,182 shares of the cell phone carrier’s stock valued at $3,274,000 after purchasing an additional 4,086 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of Verizon Communications during the 2nd quarter valued at $156,000. Auxier Asset Management increased its position in shares of Verizon Communications by 6.0% during the 2nd quarter. Auxier Asset Management now owns 45,189 shares of the cell phone carrier’s stock valued at $2,018,000 after purchasing an additional 2,550 shares during the period. Keel Point LLC increased its position in shares of Verizon Communications by 0.6% during the 2nd quarter. Keel Point LLC now owns 12,359 shares of the cell phone carrier’s stock valued at $552,000 after purchasing an additional 78 shares during the period. Finally, National Asset Management Inc. increased its position in shares of Verizon Communications by 5.0% during the 2nd quarter. National Asset Management Inc. now owns 84,396 shares of the cell phone carrier’s stock valued at $3,772,000 after purchasing an additional 3,986 shares during the period. Institutional investors own 63.14% of the company’s stock.

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Verizon Communications Company Profile

Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.

Earnings History for Verizon Communications (NYSE:VZ)

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