Verizon Communications (NYSE:VZ) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Verizon Communications (NYSE:VZ) released its quarterly earnings results on Friday. The cell phone carrier reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01), Zacks reports. Verizon Communications had a return on equity of 20.05% and a net margin of 7.30%. During the same quarter in the prior year, the business posted $1.08 EPS. Verizon Communications updated its FY 2025 guidance to 4.590-4.730 EPS.

Verizon Communications Trading Up 0.9 %

NYSE VZ opened at $39.54 on Friday. The firm’s 50 day moving average price is $40.89 and its two-hundred day moving average price is $41.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.62 and a current ratio of 0.66. Verizon Communications has a twelve month low of $37.58 and a twelve month high of $45.36. The stock has a market cap of $166.43 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 3.27 and a beta of 0.46.

Verizon Communications Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.6775 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.71 annualized dividend and a dividend yield of 6.85%. Verizon Communications’s dividend payout ratio (DPR) is presently 116.81%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VZ. Tigress Financial raised their price target on shares of Verizon Communications from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Scotiabank lifted their target price on Verizon Communications from $46.50 to $47.25 and gave the company a “sector perform” rating in a research note on Friday, October 18th. UBS Group increased their price target on Verizon Communications from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. StockNews.com cut shares of Verizon Communications from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein began coverage on shares of Verizon Communications in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $48.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Verizon Communications presently has an average rating of “Hold” and an average target price of $46.29.

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).