Verizon Communications (VZ) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" VZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VZ, but not buy additional shares or sell existing shares.
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14 Wall Street research analysts have issued 12-month target prices for Verizon Communications' shares. Their VZ share price forecasts range from $36.00 to $64.00. On average, they expect the company's share price to reach $43.40 in the next twelve months. This suggests a possible upside of 30.4% from the stock's current price.
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Verizon Communications' stock was trading at $39.40 at the beginning of the year. Since then, VZ stock has decreased by 15.5% and is now trading at $33.28.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our VZ earnings forecast.

Verizon Communications will be holding an earnings conference call on Tuesday, October 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Verizon Communications Inc. (NYSE:VZ) posted its earnings results on Tuesday, July, 25th. The cell phone carrier reported $1.21 EPS for the quarter, beating the consensus estimate of $1.17 by $0.04. The cell phone carrier had revenue of $32.60 billion for the quarter, compared to the consensus estimate of $33.30 billion. Verizon Communications had a trailing twelve-month return on equity of 22.28% and a net margin of 15.58%. The company's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share.
Read the conference call transcript.

Verizon Communications announced a quarterly dividend on Thursday, September 7th. Investors of record on Tuesday, October 10th will be given a dividend of $0.665 per share on Wednesday, November 1st. This represents a $2.66 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date is Friday, October 6th. This is a boost from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for VZ.

ETFs with the largest weight of Verizon Communications (NYSE:VZ) stock in their portfolio include iShares U.S. Telecommunications ETF (IYZ), First Trust Morningstar Dividend Leaders Index (FDL), Invesco Dow Jones Industrial Average Dividend ETF (DJD), iShares Core High Dividend ETF (HDV), FT Cboe Vest DJIA Dogs 10 Target Income ETF (DOGG), WBI Power Factor High Dividend ETF (WBIY), TrueShares Low Volatility Equity Income ETF (DIVZ) and Vanguard Communication Services ETF (VOX).

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.66 per share and currently has a dividend yield of 7.77%. VZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 55.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

Verizon Communications issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of $4.55-$4.85 for the period, compared to the consensus EPS estimate of $4.68. The company issued revenue guidance of -.

1,639 employees have rated Verizon Communications Chief Executive Officer Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Verizon Communications investors own include AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Pfizer (PFE), Walt Disney (DIS), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV) and Home Depot (HD).

Verizon Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "VZ."

Verizon Communications' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.06%), State Street Corp (4.16%), Bank Julius Baer & Co. Ltd Zurich (3.25%), Charles Schwab Investment Management Inc. (2.22%), Geode Capital Management LLC (1.96%) and Northern Trust Corp (1.01%). Insiders that own company stock include Craig L Silliman, Craig L Silliman, Hans Erik Vestberg, Joseph J Russo, Kumara Guru Gowrappan, Kyle Malady, Samantha Hammock and Tami A Erwin.
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Shares of VZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VZ stock can currently be purchased for approximately $33.28.

Verizon Communications (NYSE:VZ) has a market capitalization of $139.91 billion and generates $135 billion in revenue each year. The cell phone carrier earns $21.26 billion in net income (profit) each year or $5.00 on an earnings per share basis.

The company employs 117,100 workers across the globe.

Verizon Communications' mailing address is 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.verizon.com. The cell phone carrier can be reached via phone at (212) 395-1000, via email at michael.stefanski@verizon.com, or via fax at 212-571-1897.