Brokerages expect Verizon Communications Inc. (NYSE:VZ) to post $1.09 earnings per share for the current fiscal quarter, according to Zacks. Twelve analysts have issued estimates for Verizon Communications’ earnings. The highest EPS estimate is $1.16 and the lowest is $0.88. Verizon Communications reported earnings per share of $0.95 in the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The company is expected to issue its next quarterly earnings results on Thursday, April 19th.

According to Zacks, analysts expect that Verizon Communications will report full-year earnings of $4.42 per share for the current financial year, with EPS estimates ranging from $3.80 to $4.66. For the next fiscal year, analysts expect that the business will report earnings of $4.54 per share, with EPS estimates ranging from $3.87 to $5.13. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Verizon Communications.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Tuesday, January 23rd. The cell phone carrier reported $0.86 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.02). The firm had revenue of $33.96 billion for the quarter, compared to the consensus estimate of $33.20 billion. Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS.

VZ has been the topic of several research analyst reports. Nomura raised shares of Verizon Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $61.00 in a research report on Tuesday, December 12th. Vetr raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $54.80 target price on the stock in a research report on Monday, February 5th. KeyCorp reissued a “hold” rating on shares of Verizon Communications in a research report on Saturday, October 21st. Macquarie reissued a “hold” rating and set a $52.00 target price on shares of Verizon Communications in a research report on Sunday, October 22nd. Finally, ValuEngine raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $53.37.

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

Several hedge funds have recently added to or reduced their stakes in the company. Nottingham Advisors Inc. lifted its stake in shares of Verizon Communications by 0.5% in the 2nd quarter. Nottingham Advisors Inc. now owns 6,425 shares of the cell phone carrier’s stock valued at $287,000 after purchasing an additional 35 shares during the period. Winslow Evans & Crocker Inc. lifted its stake in shares of Verizon Communications by 5.5% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 49,276 shares of the cell phone carrier’s stock valued at $2,206,000 after purchasing an additional 2,572 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Verizon Communications in the 2nd quarter valued at $685,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Verizon Communications by 10.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 83,939 shares of the cell phone carrier’s stock valued at $3,749,000 after purchasing an additional 7,998 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Verizon Communications by 5.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 189,870 shares of the cell phone carrier’s stock valued at $8,480,000 after purchasing an additional 9,400 shares during the period. 63.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of Verizon Communications (VZ) opened at $49.88 on Thursday. The firm has a market cap of $203,460.53, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 2.03 and a beta of 0.58. Verizon Communications has a 12-month low of $42.80 and a 12-month high of $54.77. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.87 and a current ratio of 0.91.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is currently 32.07%.

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Verizon Communications Company Profile

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.

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Earnings History and Estimates for Verizon Communications (NYSE:VZ)

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