Verizon Communications (NYSE:VZ) will release its earnings data before the market opens on Tuesday, January 23rd. Analysts expect Verizon Communications to post earnings of $0.88 per share for the quarter.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. Verizon Communications had a net margin of 12.80% and a return on equity of 58.66%. The firm had revenue of $31.70 billion during the quarter, compared to analysts’ expectations of $31.45 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, analysts expect Verizon Communications to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Verizon Communications (VZ) opened at $51.91 on Monday. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.07 and a quick ratio of 1.02. Verizon Communications has a 12-month low of $42.80 and a 12-month high of $53.69. The stock has a market cap of $211,760.00, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 4.61 and a beta of 0.57.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is currently 60.51%.

Several brokerages have issued reports on VZ. Moffett Nathanson cut shares of Verizon Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 16th. KeyCorp upped their price target on shares of Verizon Communications from $50.00 to $53.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. HSBC cut shares of Verizon Communications from a “buy” rating to a “hold” rating and decreased their price target for the company from $54.83 to $42.80 in a research report on Thursday, December 14th. They noted that the move was a valuation call. Instinet upped their price target on shares of Verizon Communications from $47.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Finally, Nomura upgraded shares of Verizon Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $47.00 to $61.00 in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.55.

In related news, EVP Craig L. Silliman sold 610 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $47.41, for a total transaction of $28,920.10. Following the transaction, the executive vice president now directly owns 3,269 shares of the company’s stock, valued at $154,983.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. ARGI Investment Services LLC boosted its stake in Verizon Communications by 13.5% during the second quarter. ARGI Investment Services LLC now owns 37,598 shares of the cell phone carrier’s stock worth $1,679,000 after acquiring an additional 4,470 shares in the last quarter. Covington Investment Advisors Inc. boosted its stake in Verizon Communications by 1.8% during the second quarter. Covington Investment Advisors Inc. now owns 58,037 shares of the cell phone carrier’s stock worth $2,592,000 after acquiring an additional 1,025 shares in the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in Verizon Communications by 3.3% during the second quarter. Marble Harbor Investment Counsel LLC now owns 7,418 shares of the cell phone carrier’s stock worth $331,000 after acquiring an additional 237 shares in the last quarter. ARGA Investment Management LP boosted its stake in Verizon Communications by 65.1% during the second quarter. ARGA Investment Management LP now owns 31,700 shares of the cell phone carrier’s stock worth $1,416,000 after acquiring an additional 12,500 shares in the last quarter. Finally, Commerce Bank boosted its stake in Verizon Communications by 0.3% during the second quarter. Commerce Bank now owns 1,095,210 shares of the cell phone carrier’s stock worth $48,912,000 after acquiring an additional 3,019 shares in the last quarter. 63.22% of the stock is currently owned by institutional investors and hedge funds.

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About Verizon Communications

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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