What is Zacks Research's Forecast for VZ Q3 Earnings?

Key Points

• Zacks Research has revised its Q3 2026 earnings per share (EPS) estimate for Verizon Communications from $1.24 to $1.21.
• Verizon's stock has received various ratings upgrades, including price targets rising from $42.00 to $49.00 by multiple analysts, with a consensus target price of $47.35.
• The company recently disclosed a quarterly dividend of $0.6775, representing an annualized yield of 6.3%.

Verizon Communications Inc. (NYSE:VZ - Free Report) - Equities researchers at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Verizon Communications in a report released on Monday, August 11th. Zacks Research analyst R. Department now anticipates that the cell phone carrier will post earnings per share of $1.21 for the quarter, down from their previous estimate of $1.24. The consensus estimate for Verizon Communications' current full-year earnings is $4.69 per share.

VZ has been the subject of several other research reports. Wells Fargo & Company boosted their price objective on Verizon Communications from $42.00 to $43.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Wall Street Zen raised Verizon Communications from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. lifted their price objective on Verizon Communications from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of Verizon Communications from $45.00 to $46.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley increased their target price on Verizon Communications from $47.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Verizon Communications has an average rating of "Moderate Buy" and a consensus target price of $47.35.

Verizon Communications Stock Down 0.4%

Shares of NYSE VZ opened at $43.08 on Wednesday. Verizon Communications has a 12 month low of $37.58 and a 12 month high of $47.35. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $181.66 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 3.33 and a beta of 0.36. The business has a 50-day moving average of $42.66 and a 200-day moving average of $42.88.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The business had revenue of $34.50 billion during the quarter, compared to analyst estimates of $33.47 billion. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%. The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 EPS.

Verizon Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were paid a $0.6775 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.71 dividend on an annualized basis and a yield of 6.3%. Verizon Communications's payout ratio is presently 63.17%.

Institutional Trading of Verizon Communications

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Verizon Communications by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 372,787,016 shares of the cell phone carrier's stock worth $16,130,494,000 after purchasing an additional 4,615,075 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Verizon Communications by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 109,866,405 shares of the cell phone carrier's stock valued at $4,983,225,000 after acquiring an additional 1,172,175 shares during the period. Geode Capital Management LLC boosted its holdings in Verizon Communications by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 100,326,792 shares of the cell phone carrier's stock valued at $4,322,700,000 after acquiring an additional 1,101,504 shares during the period. GQG Partners LLC boosted its holdings in Verizon Communications by 303.9% during the 1st quarter. GQG Partners LLC now owns 49,859,967 shares of the cell phone carrier's stock valued at $2,261,648,000 after acquiring an additional 37,516,167 shares during the period. Finally, Northern Trust Corp boosted its holdings in Verizon Communications by 1.0% during the 1st quarter. Northern Trust Corp now owns 45,475,099 shares of the cell phone carrier's stock valued at $2,062,750,000 after acquiring an additional 431,789 shares during the period. Institutional investors own 62.06% of the company's stock.

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).

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