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Home›Brokers›Brokers Issue Earnings Estimates for Verizon Communications Inc. in Fiscal Year 2025 (NYSE:VZ)

Brokers Issue Earnings Estimates for Verizon Communications Inc. in Fiscal Year 2025 (NYSE:VZ)

By Megan
October 8, 2022
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One of the businesses operating in the field of telecommunications is Verizon Communications Inc. (NYSE: VZ). On Wednesday, October 5, Oppenheimer announced to investors that they had increased their projections for Verizon Communications’ earnings per share for the fiscal year 2025. The announcement was made in a statement that was released. T. Horan, an analyst, working for Oppenheimer, has increased his previous estimate of the earnings per share that the mobile phone service provider will generate from $5.48 to $5.68. The previous estimate was $5.48. The investment research firm Oppenheimer rated the stock as “Outperform” and established a price objective of $50.00 for the company’s shares. According to the most widely held opinion, Verizon Communications should be able to finish the current fiscal year with $5.19 per share earnings. In addition, according to Oppenheimer’s projections, Verizon Communications will bring in an average of $5.82 per share in profits during the fiscal year 2026.
Over the past few months, other research experts have also made statements about the corporation. In a research report published on Thursday, Raymond James lowered their “outperform” rating and target price for Verizon Communications, which had previously been $55.00 to $54.00. In a research note published on Friday, July 8, Wells Fargo & Company downgraded Verizon Communications from “equal weight” to “underweight” in a research note. Additionally, the firm decreased its target price from $58.00 to $52.00. Barclays lowered their price target on Verizon Communications shares from $48.00 to $40.00 and assigned the stock an “equal weight” rating in a research report published on September 29. Deutsche Bank Aktiengesellschaft stated in research released on Tuesday, July 19, that they would be lowering their price objective on Verizon Communications from $59.00 to $58.00. The next information that has come to light is that Royal Bank of Canada has decreased their target price on Verizon Communications from $57.00 to $54.00 and has assigned the business a rating of “sector perform.” The report was made available for public consumption on June 22. Twenty-one analyst recommendations regarding this stock; five have suggested buying it, fifteen have suggested simply holding onto it, and two have suggested selling it. According to information from Bloomberg, the stock has been given an average “Hold” rating, and analysts have predicted that the stock price will reach $53.63 shortly.
When trading started on Friday, the price of a share of Verizon Communications was $37.84. In the past year, the price of Verizon Communications has ranged from a low of $37.77 to a high of $55.51. Currently, it is trading somewhere in the middle of those two points. The company’s moving average over the previous 50 days is $42.33, and the moving average over the previous 200 days is $47.57. There is a quick ratio of 0.69, a current ratio of 0.76, and a debt-to-equity ratio of 1.56. Each dollar of equity results in a debt-to-equity ratio. Because the company has a market value of $158.92 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 1.83, and a beta value of 0.39, it has adequate financial resources.

The quarterly earnings report for Verizon Communications (NYSE: VZ) was made available to the general public on Friday, July 22. The mobile phone company’s quarterly profits per share came in at $1.31, which was $0.03 lower than the average prediction of $1.34, which market analysts had made. However, the amount the company brought in during the period was $33.79 billion, which is higher than the average prediction of $33.77 billion that was made regarding the amount that the company would bring in during the period. In addition, the return on equity for Verizon Communications came in at 26.95%, and their net margin was 15.48%, indicating that the company did quite well. In comparison to the same quarter of the previous year, Verizon Communications experienced a one percent rise in the company’s quarterly revenue. In the prior year, the company posted earnings of $1.37 per share during the same period.

In addition, the business has recently announced a quarterly dividend, which will be distributed to shareholders starting on November 1. Shareholders on record will be eligible to receive a dividend payment on Friday, October 7, for $0.6525 per share. The previous quarterly dividend paid out by Verizon Communications was $0.64 per share, but that amount has been increased to $0.72 per share following a dividend increase. The date shareholders will no longer receive dividends is Thursday, October 6. When calculated on an annualized basis, this results in a dividend payment of $2.61 and a dividend yield of 6.90%. Verizon Communications’s dividend payout ratio is currently calculated to be 51.30 percent.

Institutional investors have recently modified how they hold their positions in the company in light of recent events. Rickey Investments increased its stake in Verizon Communications by investing approximately $27,000 over the final three months of 2018. In addition, LFA Lugano Financial Advisors SA made a brand-new investment in Verizon Communications for $28,000 during the second quarter. During the first three months of the year, Cordant Inc. invested nearly thirty thousand dollars to obtain a new holding in Verizon Communications. Finally, during the second quarter, HBC Financial Services PLLC invested approximately $30,000 to acquire a further stake in Verizon Communications by purchasing additional interest.
Additionally, Founders Capital Management spent $34,000 during the second quarter to acquire additional shares of Verizon Communications. These shares were purchased as an additional investment. There is currently a total of 62.83% of the company’s stock held by institutional investors, such as hedge funds and other institutional investors.

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