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Verizon Communications will be holding an earnings conference call on Friday, July 24th at 12:00 AM Eastern. Specifically, they have bought $0.00 in company stock and sold $613,482.00 in company stock. Nonetheless, Verizon bested analysts’ predictions of EPS of $1.15 on sales of $29.93 billion. Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities.

This payout ratio is at a healthy, sustainable level, below 75%. High institutional ownership can be a signal of strong market trust in this company.Earnings and Growth Analysis : Verizon Communications (NYSE:VZ)Earnings for Verizon Communications are expected to grow by 3.15% in the coming year, from $4.76 to $4.91 per share.

P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

The dividend payout ratio of Verizon Communications is 51.14%. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $32.37 billion. Verizon Communications has a P/B Ratio of 3.68. 65.23% of the stock of Verizon Communications is held by institutions.
PEG Ratios above 1 indicate that a company could be overvalued. Verizon Communications has generated $4.81 earnings per share over the last year and currently has a price-to-earnings ratio of 12.6. Verizon Communications (VZ) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.16 per share. According to analysts’ consensus price target of $61.61, Verizon Communications has a potential upside of 10.3% from its current price of $55.85.

For the last reported quarter, it was expected that Verizon would post earnings of $1.15 per share when it actually produced earnings of $1.13, delivering a surprise of -1.74%. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 1.16 and increased over the past month from 1.15 to 1.16(0.87%). Verizon Communications (NYSE: VZ) reported higher earnings for the second quarter that topped the Street view. Their average twelve-month price target is $61.61, suggesting that the stock has a possible upside of 10.32%. Interested parties can register for or listen to the call using this link or dial in at Not Available. Analyst Opinion on Verizon Communications (NYSE:VZ)

Of the 6 analysts making quarterly forecasts, 5raised and 5 lowered their forecast. Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). If you have any questions feel free to call us at 1-877-440-ZING or email us at Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.Everything you need to know about the market - quick & easy.A daily collection of all things fintech, interesting developments and market updates. Do the numbers hold clues to what lies ahead for the stock? Earnings per share fell 4.07% year … The results benefitted from strong growth in the wireless business.

Revenues, meanwhile, declined and missed.

Verizon Communications has confirmed that its next quarterly earnings report will be published on Friday, July 24th, 2020. The high price target for VZ is $70.00 and the low price target for VZ is $54.00.

For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 4.76 and increased over the past month from 4.75 to 4.76(0.21%). Verizon Communications Inc. reported second-quarter 2020 results before markets opened Friday.The telecom giant posted adjusted diluted earnings … Based on earnings estimates, Verizon Communications will have a dividend payout ratio of 50.10% next year.

Shares of Verizon Communications (NYSE:VZ) fell 0.2% in pre-market trading after the company reported Q2 results. Of the 8 analysts making yearly forecasts, 5raised and 3 lowered their forecast.Verizon Communications last posted its quarterly earnings data on April 24th, 2020.
Only 0.07% of the stock of Verizon Communications is held by insiders. Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements.