Verizon Communications (NYSE:VZ) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 23rd. Analysts expect Verizon Communications to post earnings of $1.18 per share for the quarter.

Verizon Communications (NYSE:VZ) last announced its earnings results on Tuesday, July 24th. The cell phone carrier reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.06. The company had revenue of $32.20 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Verizon Communications had a net margin of 23.88% and a return on equity of 38.62%. Verizon Communications’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. On average, analysts expect Verizon Communications to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Verizon Communications stock opened at $54.90 on Monday. The stock has a market capitalization of $226.63 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 2.18 and a beta of 0.71. Verizon Communications has a 52-week low of $43.97 and a 52-week high of $55.90. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.96 and a quick ratio of 0.92.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th will be given a $0.6025 dividend. This represents a $2.41 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Tuesday, October 9th. This is a boost from Verizon Communications’s previous quarterly dividend of $0.59. Verizon Communications’s payout ratio is presently 64.44%.

A number of brokerages have recently issued reports on VZ. Barclays cut shares of Verizon Communications from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $56.00 to $50.00 in a research report on Tuesday, September 4th. Zacks Investment Research cut shares of Verizon Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 1st. Moffett Nathanson reaffirmed a “neutral” rating and set a $56.00 price objective on shares of Verizon Communications in a research report on Tuesday, September 4th. Credit Suisse Group started coverage on shares of Verizon Communications in a research report on Tuesday, July 10th. They set an “outperform” rating and a $58.00 price objective for the company. Finally, Robert W. Baird upped their price objective on shares of Verizon Communications from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.42.

A number of institutional investors and hedge funds have recently bought and sold shares of VZ. HC Financial Advisors Inc. acquired a new position in Verizon Communications during the fourth quarter worth about $1,371,000. Argent Trust Co raised its stake in Verizon Communications by 10.9% during the fourth quarter. Argent Trust Co now owns 48,315 shares of the cell phone carrier’s stock worth $2,558,000 after acquiring an additional 4,748 shares in the last quarter. Finally, Cognios Capital LLC raised its stake in Verizon Communications by 105.7% during the second quarter. Cognios Capital LLC now owns 77,822 shares of the cell phone carrier’s stock worth $3,914,000 after acquiring an additional 39,991 shares in the last quarter. 64.11% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.

See Also: Market Capitalization

Earnings History for Verizon Communications (NYSE:VZ)

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