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Verizon Communications - VZ Stock Forecast, Price & News

$44.42
+0.23 (+0.52%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$43.96
$44.49
50-Day Range
$44.19
$52.09
52-Week Range
$43.76
$55.71
Volume
19.17 million shs
Average Volume
22.90 million shs
Market Capitalization
$186.55 billion
P/E Ratio
8.90
Dividend Yield
5.79%
Price Target
$56.50

Verizon Communications MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
25.4% Upside
$55.68 Price Target
Short Interest
Healthy
0.93% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.28mentions of Verizon Communications in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$237,377 Sold Last Quarter
Proj. Earnings Growth
3.08%
From $5.20 to $5.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.43 out of 5 stars

Computer And Technology Sector

7th out of 653 stocks

Telephone Communication, Except Radio Industry

1st out of 28 stocks

VZ stock logo

About Verizon Communications (NYSE:VZ) Stock

Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VZ. Wells Fargo & Company reduced their target price on shares of Verizon Communications from $58.00 to $52.00 and set an "equal weight" rating on the stock in a report on Friday, July 8th. William Blair reaffirmed a "market perform" rating on shares of Verizon Communications in a research report on Monday, April 25th. Credit Suisse Group cut their target price on Verizon Communications from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reaffirmed a "hold" rating and issued a $57.00 price target on shares of Verizon Communications in a report on Friday, June 24th. Finally, Cowen cut their price objective on shares of Verizon Communications from $71.00 to $64.00 and set an "outperform" rating on the stock in a report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $55.68.

Verizon Communications Stock Performance

Shares of NYSE:VZ traded up $0.23 during midday trading on Friday, hitting $44.42. The stock had a trading volume of 19,167,174 shares, compared to its average volume of 22,904,363. The company has a market capitalization of $186.55 billion, a PE ratio of 8.86, a P/E/G ratio of 2.16 and a beta of 0.33. Verizon Communications has a 1 year low of $43.76 and a 1 year high of $55.71. The stock has a 50 day moving average price of $48.27 and a two-hundred day moving average price of $50.53. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 1.56.

Verizon Communications (NYSE:VZ - Get Rating) last announced its quarterly earnings data on Friday, July 22nd. The cell phone carrier reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.01). The business had revenue of $33.79 billion during the quarter, compared to analysts' expectations of $33.77 billion. Verizon Communications had a net margin of 15.48% and a return on equity of 26.95%. Verizon Communications's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. As a group, equities analysts predict that Verizon Communications will post 5.2 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Friday, July 8th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date was Thursday, July 7th. Verizon Communications's dividend payout ratio is currently 51.30%.

Insiders Place Their Bets

In related news, EVP Craig L. Silliman sold 1,558 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $50.00, for a total value of $77,900.00. Following the sale, the executive vice president now owns 36,519 shares in the company, valued at approximately $1,825,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 4,674 shares of company stock worth $237,377. 0.10% of the stock is owned by company insiders.

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VZ Stock News Headlines

Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
Wall Street drifts as three-day rally runs out of steam
Stocks are drifting in mixed trading on Wall Street Friday following weaker-than-expected readings on the economy and conflicting profit reports from some big companies
Verizon Shares Drop On Earnings Miss, Lower Guidance
Shares of Verizon (NYSE: VZ) tumbled in pre-market trade Friday after the company reported second-quarter earnings that missed Wall Street expectations. The company also slashed full-year guidance.
The Top-Rated Consumer Defensive Stocks With Yield Above 3.5% 
We like using stock screens to look for investing ideas, not so much to find new investments but to remind us (after all these years) of good investments and, more specifically, the right investments for the right times.
Analyst Ratings for Verizon Communications
Is the US Military Secretly Under Chinese Control?
Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...
Verizon “Fuels the Love” in Cincinnati
Verizon “Fuels the Love” in Las Vegas
See More Headlines
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VZ Company Calendar

Ex-Dividend for 8/1 Dividend
7/07/2022
Last Earnings
7/22/2022
Dividend Payable
8/01/2022
Today
8/19/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
Integrated Telecommunication Services
CUSIP
92343V10
Employees
118,400
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$55.68
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+27.2%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
21 Analysts

Profitability

Net Income
$22.07 billion
Pretax Margin
20.44%

Debt

Sales & Book Value

Annual Sales
$133.61 billion
Cash Flow
$9.01 per share
Book Value
$20.80 per share

Miscellaneous

Outstanding Shares
4,199,714,000
Free Float
4,195,514,000
Market Cap
$186.55 billion
Optionable
Optionable
Beta
0.33

Social Links


Key Executives

  • Mr. Hans E. VestbergMr. Hans E. Vestberg (Age 57)
    Chairman & CEO
    Comp: $5.84M
  • Mr. Matthew D. EllisMr. Matthew D. Ellis (Age 51)
    Exec. VP & CFO
    Comp: $2.59M
  • Mr. Kyle Malady (Age 54)
    Exec. VP, Pres of Global Networks & Technology
    Comp: $2.42M
  • Mr. Craig L. SillimanMr. Craig L. Silliman (Age 54)
    Exec. VP & Chief Admin., Legal and Public Policy Officer
  • Mr. Brady Connor
    Sr. VP of Investor Relations
  • Mr. James J. Gerace (Age 58)
    Sr. VP & Chief Communications Officer
  • Mr. Diego Scotti (Age 49)
    Exec. VP & Chief Marketing Officer
  • Ms. Samantha Hammock (Age 43)
    Exec. VP & Chief HR Officer
  • Ms. Magda N. Yrizarry
    Sr. VP and Chief Talent & Diversity Officer
  • Mr. John Wimsatt
    Sr. VP of Product Devel.













VZ Stock - Frequently Asked Questions

Should I buy or sell Verizon Communications stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 2 sell ratings, 15 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
View VZ analyst ratings
or view top-rated stocks.

What is Verizon Communications' stock price forecast for 2022?

21 Wall Street analysts have issued twelve-month price targets for Verizon Communications' shares. Their VZ share price forecasts range from $41.00 to $71.00. On average, they anticipate the company's share price to reach $55.68 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
View analysts price targets for VZ
or view top-rated stocks among Wall Street analysts.

How have VZ shares performed in 2022?

Verizon Communications' stock was trading at $51.96 on January 1st, 2022. Since then, VZ shares have decreased by 14.5% and is now trading at $44.42.
View the best growth stocks for 2022 here
.

When is Verizon Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our VZ earnings forecast
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) issued its earnings results on Friday, July, 22nd. The cell phone carrier reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.32 by $0.01. The cell phone carrier had revenue of $33.79 billion for the quarter, compared to the consensus estimate of $33.77 billion. Verizon Communications had a net margin of 15.48% and a trailing twelve-month return on equity of 26.95%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS.
Read the conference call transcript
.

How often does Verizon Communications pay dividends? What is the dividend yield for Verizon Communications?

Verizon Communications declared a quarterly dividend on Tuesday, May 31st. Shareholders of record on Friday, July 8th will be given a dividend of $0.64 per share on Monday, August 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend is Thursday, July 7th.
Read our dividend analysis for VZ
.

Is Verizon Communications a good dividend stock?

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.56 per share and currently has a dividend yield of 5.79%. 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 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 47.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

What guidance has Verizon Communications issued on next quarter's earnings?

Verizon Communications updated its FY 2022 earnings guidance on Friday, July, 29th. The company provided EPS guidance of $5.10-$5.25 for the period, compared to the consensus EPS estimate of $5.41. The company issued revenue guidance of -.

What is Hans Vestberg's approval rating as Verizon Communications' CEO?

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.

What other stocks do shareholders of Verizon Communications own?

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).

What is Verizon Communications' stock symbol?

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

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (3.90%), Northern Trust Corp (1.13%), FMR LLC (1.10%), California Public Employees Retirement System (0.65%), UBS Asset Management Americas Inc. (0.48%) and Deutsche Bank AG (0.45%). Insiders that own company stock include Anthony T Skiadas, Craig L Silliman, Craig L Silliman, Hans Erik Vestberg, Kumara Guru Gowrappan and Tami A Erwin.
View institutional ownership trends
.

How do I buy shares of Verizon Communications?

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.
Compare Top Brokerages Here.

What is Verizon Communications' stock price today?

One share of VZ stock can currently be purchased for approximately $44.42.

How much money does Verizon Communications make?

Verizon Communications (NYSE:VZ) has a market capitalization of $186.55 billion and generates $133.61 billion in revenue each year. The cell phone carrier earns $22.07 billion in net income (profit) each year or $4.99 on an earnings per share basis.

How many employees does Verizon Communications have?

The company employs 118,400 workers across the globe.

Does Verizon Communications have any subsidiaries?
The following companies are subsidiares of Verizon Communications: AOL, AirTouch Cellular Inc., Alltel, Alltel Corporation, BAMS Communications LLC, Blue Jeans Network, BlueJeans Network, Bluegrass Cellular, Cellco Partnership, CloudSwitch, Complex, EdgeCast Networks, FleetMatics, GTE, GTE Wireless LLC, Hughes Telematics, Inceptor, Incubed IT, Jaunt, LQD WiFi, MCI Communications, MCI Communications Services LLC, Moment, Niddel, ProtectWise, Qwest Wireless Spectrum (Network Assets), Senion, Sensity Systems, Skyward, SocialRadar, Straight Path Communications, Telogis, Terremark Worldwide, TracFone Wireless, UpLynk, Verizon Americas LLC, Verizon Avenue, Verizon Business Network Services LLC, Verizon Delaware LLC, Verizon International Business Ventures Inc., Verizon International Inc., Verizon Maryland LLC, Verizon New England Inc., Verizon New Jersey Inc., Verizon New York Inc., Verizon Pennsylvania LLC, Verizon Ventures LLC, Verizon Virginia LLC, Vessel, Vidder, Volicon, WideOpenWest - Fiber-Optic Network, XO Communications, Yahoo!, and go90.
Read More
When was Verizon Communications founded?

Verizon Communications was founded in 1983.

How can I contact Verizon Communications?

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.

This page (NYSE:VZ) was last updated on 8/19/2022 by MarketBeat.com Staff

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