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. The Wireline segment offers voice, data and video communications products and services, such as broadband video, data center and cloud services, security and managed network services, and local and long distance voice services. The Company has combined Yahoo! Inc.'s operating assets with its existing AOL Inc. business to create a new subsidiary, Oath Inc., owns a diverse house of more than 50 media and technology brands. The Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, Yahoo Finance and Yahoo Mail.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Integrated Telecommunications Services - NEC
- Sub-Industry: Integrated Telecommunication Services
- Symbol: NYSE:VZ
- CUSIP: 92343V10
- Web: www.verizon.com
- Market Cap: $180.43048 billion
- Outstanding Shares: 4,079,369,000
- 50 Day Moving Avg: $44.99
- 200 Day Moving Avg: $47.72
- 52 Week Range: $42.80 - $56.25
Sales & Book Value:
- Trailing P/E Ratio: 14.62
- Foreward P/E Ratio: 11.38
- P/E Growth: 4.77
- Annual Revenue: $123.62 billion
- Price / Sales: 1.44
- Book Value: $5.76 per share
- Price / Book: 7.59
- Annual Dividend: $2.31
- Dividend Yield: 5.2%
- EBIDTA: $42.69 billion
- Net Margins: 9.92%
- Return on Equity: 66.99%
- Return on Assets: 6.39%
- Debt-to-Equity Ratio: 4.51%
- Current Ratio: 1.02%
- Quick Ratio: 0.97%
- Average Volume: 15.31 million shs.
- Beta: 0.54
- Short Ratio: 2.05
Frequently Asked Questions for Verizon Communications (NYSE:VZ)
What is Verizon Communications' stock symbol?
Verizon Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "VZ."
How often does Verizon Communications pay dividends? What is the dividend yield for Verizon Communications?
Verizon Communications declared a quarterly dividend on Thursday, June 1st. Shareholders of record on Monday, July 10th will be given a dividend of $0.5775 per share on Tuesday, August 1st. This represents a $2.31 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, July 6th. View Verizon Communications' Dividend History.
How will Verizon Communications' stock buyback program work?
Verizon Communications announced that its Board of Directors has authorized a stock repurchase plan on Saturday, April 8th 2017, which permits the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.
How were Verizon Communications' earnings last quarter?
Verizon Communications Inc. (NYSE:VZ) released its quarterly earnings data on Tuesday, July, 26th. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.02. The firm earned $30.53 billion during the quarter, compared to analyst estimates of $30.95 billion. Verizon Communications had a net margin of 9.92% and a return on equity of 66.99%. The company's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.04 EPS. View Verizon Communications' Earnings History.
When will Verizon Communications make its next earnings announcement?
Where is Verizon Communications' stock going? Where will Verizon Communications' stock price be in 2017?
28 equities research analysts have issued twelve-month target prices for Verizon Communications' stock. Their predictions range from $46.00 to $80.00. On average, they anticipate Verizon Communications' stock price to reach $53.39 in the next twelve months. View Analyst Ratings for Verizon Communications.
What are analysts saying about Verizon Communications stock?
Here are some recent quotes from research analysts about Verizon Communications stock:
- 1. According to Zacks Investment Research, "Over the past three months, share price of Verizon moved down by 11.79% while the Zacks U.S. Wireless National industry’s lost 8.57%. Notably, Verizon operates in a highly competitive and saturated wireless U.S. market. Moreover, losses in access lines, operating expenses, marketing costs associated with attractive discounts, regulatory norms and union issues act as major headwinds. However, Verizon’s 5G wireless network trials in 11 U.S. cities with plans to deploy its fixed wireless version in 2018 and the deal to buy Straight Path Communications complements its 5G wireless expansion strategies. Verizon is gearing up to launch an online TV streaming service later this year. Buyout of Yahoo will boost Verizon’s digital media suite. Verizon’s unlimited data plans have heated up the wireless industry. Verizon is on track to bolster its foothold in the fiber and Internet of Things space through different deals." (7/13/2017)
- 2. Drexel Hamilton analysts commented, "We expect another slow quarter in 3Q as the world awaits Apple’s (AAPL – Buy) new iPhone." (7/27/2016)
Are investors shorting Verizon Communications?
Verizon Communications saw a decrease in short interest during the month of June. As of June 30th, there was short interest totalling 29,339,796 shares, a decrease of 13.0% from the June 15th total of 33,718,753 shares. Based on an average daily volume of 14,999,096 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.7% of the shares of the company are sold short.
Who are some of Verizon Communications' key competitors?
Some companies that are related to Verizon Communications include Telefonica SA (TEF), Orange SA (ORAN), BCE (BCE), BT Group PLC (BT), Telefonica Brasil S.A. (VIV), TELUS Corporation (TU), Level 3 Communications (LVLT), Telecom Italia S.P.A. (TI), CenturyLink (CTL), Shaw Communications (SJR), KT Corporation (KT), PLDT (PHI), Telecom Argentina Stet - France Telecom S.A. (TEO), Neustar (NSR), Talktalk Telecom Group PLC (TALK), 8x8 (EGHT), Frontier Communications Corporation (FTR) and ATN International (ATNI).
Who are Verizon Communications' key executives?
Verizon Communications' management team includes the folowing people:
- Lowell C. McAdam, Chairman of the Board, Chief Executive Officer
- Matthew D. Ellis, Chief Financial Officer, Executive Vice President
- Marc C. Reed, Executive Vice President, Chief Administrative Officer
- Diego Scotti, Executive Vice President, Chief Marketing Officer
- Roger Gurnani, Executive Vice President, Chief Information and Technology Architect
- Craig L. Silliman, Executive Vice President – Public Policy and General Counsel
- John G. Stratton, Executive Vice President, President - Operations
- Marni M. Walden, Executive Vice President, President – Product Innovation and New Businesses
- Anthony T. Skiadas, Senior Vice President, Controller
- Andrew McKechnie, Chief Creative Officer
Who owns Verizon Communications stock?
Verizon Communications' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.31%), Bank of Montreal Can (0.18%), State Treasurer State of Michigan (0.17%), PGGM Investments (0.14%), Beutel Goodman & Co Ltd. (0.13%) and Chevy Chase Trust Holdings Inc. (0.11%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman, Diego Scotti, Marni M Walden and Roger Gurnani. View Institutional Ownership Trends for Verizon Communications.
Who sold Verizon Communications stock? Who is selling Verizon Communications stock?
Verizon Communications' stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., PGGM Investments, BTIM Corp., Adams Diversified Equity Fund Inc., Aperio Group LLC, Exxonmobil Investment Management Inc. TX, Chevy Chase Trust Holdings Inc. and BB&T Corp. Company insiders that have sold Verizon Communications stock in the last year include Anthony T Skiadas, Craig L Silliman, Marni M Walden and Roger Gurnani. View Insider Buying and Selling for Verizon Communications.
Who bought Verizon Communications stock? Who is buying Verizon Communications stock?
Verizon Communications' stock was bought by a variety of institutional investors in the last quarter, including Beutel Goodman & Co Ltd., Hexavest Inc., DnB Asset Management AS, Bank of Montreal Can, Mn Services Vermogensbeheer B.V., NN Investment Partners Holdings N.V., National Pension Service and Forsta AP Fonden. View Insider Buying and Selling for Verizon Communications.
How do I buy Verizon Communications stock?
Shares of Verizon Communications can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Verizon Communications' stock price today?
MarketBeat Community Rating for Verizon Communications (NYSE VZ)MarketBeat's community ratings are surveys of what our community members think about Verizon Communications and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Verizon Communications stock can currently be purchased for approximately $43.71.
Consensus Ratings for Verizon Communications (NYSE:VZ) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||23 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.18)|
|Consensus Price Target: ||$53.39 (22.15% upside)|
Analysts' Ratings History for Verizon Communications (NYSE:VZ)
(Data available from 7/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/19/2017||Cowen and Company||Reiterated Rating||Hold||$49.00||Medium|
|7/14/2017||Barclays PLC||Lower Price Target||Equal Weight -> Equal Weight||$49.00 -> $47.00||Low|
|7/13/2017||Bank of America Corporation||Lower Price Target||Buy||$59.00 -> $50.00||Low|
|7/9/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$48.00||Low|
|7/3/2017||Jefferies Group LLC||Reiterated Rating||Hold||$50.00||Low|
|6/28/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||High|
|6/28/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||Medium|
|5/30/2017||BTIG Research||Reiterated Rating||Neutral||Low|
|5/30/2017||Moffett Nathanson||Upgrade||Sell -> Neutral||Low|
|4/23/2017||Instinet||Reiterated Rating||Neutral||$47.00 -> $46.00||Low|
|4/23/2017||Deutsche Bank AG||Reiterated Rating||Hold||$47.00 -> $46.00||Low|
|4/23/2017||Macquarie||Reiterated Rating||Neutral||$50.00 -> $49.00||Low|
|4/21/2017||Argus||Downgrade||Buy -> Hold||High|
|4/18/2017||SunTrust Banks, Inc.||Initiated Coverage||Hold||$50.00||Low|
|2/16/2017||Evercore ISI||Reiterated Rating||Hold||N/A|
|1/25/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||N/A|
|1/25/2017||FBR & Co||Downgrade||Outperform -> Market Perform||$57.00 -> $52.00||N/A|
|1/24/2017||Pacific Crest||Reiterated Rating||Equal Weight||N/A|
|1/24/2017||Citigroup Inc.||Reiterated Rating||Buy||N/A|
|1/24/2017||Drexel Hamilton||Reiterated Rating||Buy||$54.00||N/A|
|1/23/2017||Needham & Company LLC||Reiterated Rating||Hold||N/A|
|1/19/2017||HSBC Holdings plc||Upgrade||Hold -> Buy||$61.00||N/A|
|10/23/2016||Robert W. Baird||Reiterated Rating||Neutral||$55.00 -> $52.00||N/A|
|10/23/2016||Morgan Stanley||Reiterated Rating||Overweight||$60.00||N/A|
|8/2/2016||Imperial Capital||Downgrade||Outperform -> In-Line||$50.00 -> $60.00||N/A|
|7/27/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$50.00 -> $56.00||N/A|
|7/27/2016||Hilliard Lyons||Downgrade||Buy -> Neutral||$53.00||N/A|
|7/20/2016||Oppenheimer Holdings, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|4/18/2016||Scotiabank||Downgrade||Sector Outperform -> Sector Perform||N/A|
|4/7/2016||Sanford C. Bernstein||Downgrade||Outperform -> Market Perform||$54.00 -> $55.00||N/A|
|4/1/2016||Hanson||Downgrade||Buy -> Neutral||$55.00||N/A|
|2/4/2016||DA Davidson||Initiated Coverage||Neutral||$53.00||N/A|
|10/20/2015||William Blair||Reiterated Rating||Hold||N/A|
|10/16/2015||Canaccord Genuity||Reiterated Rating||Buy -> Buy||$54.00||N/A|
Earnings History for Verizon Communications (NYSE:VZ)Earnings History by Quarter for Verizon Communications (NYSE VZ)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/20/2017||Q1 2017||$0.98||$0.95||$30.41 billion||$29.81 billion||View||N/A|
|1/24/2017||Q416||$0.89||$0.86||$32.12 billion||$32.30 billion||View||Listen|
|10/20/2016||Q316||$0.99||$1.01||$31.08 billion||$30.90 billion||View||Listen|
|7/26/2016||Q216||$0.92||$0.94||$30.95 billion||$30.53 billion||View||Listen|
|4/21/2016||Q116||$1.06||$1.06||$32.49 billion||$32.20 billion||View||Listen|
|1/21/2016||Q415||$0.88||$0.89||$34.06 billion||$34.30 billion||View||Listen|
|10/20/2015||Q315||$1.02||$1.04||$32.94 billion||$33.20 billion||View||Listen|
|7/21/2015||Q215||$1.01||$1.04||$32.45 billion||$32.22 billion||View||Listen|
|4/21/2015||Q115||$0.95||$1.02||$32.30 billion||$31.98 billion||View||Listen|
|1/22/2015||Q414||$0.73||$0.71||$32.67 billion||$33.19 billion||View||Listen|
|10/21/2014||Q314||$0.92||$0.89||$31.57 billion||$31.60 billion||View||Listen|
|7/22/2014||Q214||$0.90||$0.91||$31.10 billion||$31.50 billion||View||Listen|
|4/24/2014||Q114||$0.87||$0.84||$30.70 billion||$31.82 billion||View||Listen|
|1/21/2014||Q4||$0.65||$0.66||$31.02 billion||$31.07 billion||View||Listen|
|10/17/2013||Q313||$0.75||$0.77||$30.17 billion||$30.28 billion||View||Listen|
|7/18/2013||Q2 2013||$0.73||$0.73||$29.83 billion||$27.79 billion||View||Listen|
|4/18/2013||Q1 2013||$0.65||$0.68||$29.56 billion||$29.40 billion||View||Listen|
|1/22/2013||Q4 2012||$0.52||$0.38||$29.75 billion||$30.05 billion||View||N/A|
Earnings Estimates for Verizon Communications (NYSE:VZ)
2017 EPS Consensus Estimate: $3.85
2018 EPS Consensus Estimate: $3.91
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Verizon Communications (NYSE:VZ)
|Dividend Growth:||3.10% (3 Year Average)|
|Payout Ratio:||77.00% (Trailing 12 Months of Earnings) |
61.60% (Based on This Year's Estimates)
60.16% (Based on Next Year's Estimates)
|Track Record:||10 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Verizon Communications (NYSE VZ)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Verizon Communications (NYSE:VZ)
Insider Ownership Percentage: 0.13%Insider Trades by Quarter for Verizon Communications (NYSE:VZ)
Institutional Ownership Percentage: 62.61%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/27/2017||Craig L Silliman||EVP||Sell||610||$45.00||$27,450.00|| |
|5/30/2017||Craig L Silliman||EVP||Sell||610||$45.34||$27,657.40|| |
|5/1/2017||Marni M Walden||EVP||Sell||16,362||$46.08||$753,960.96|| |
|4/27/2017||Craig L Silliman||EVP||Sell||610||$47.36||$28,889.60|| |
|3/27/2017||Craig L Silliman||EVP||Sell||610||$49.66||$30,292.60|| |
|2/27/2017||Marni M Walden||EVP||Sell||32,254||$49.92||$1,610,119.68|| |
|2/23/2017||Roger Gurnani||EVP||Sell||10,804||$50.29||$543,333.16|| |
|2/14/2017||Anthony T Skiadas||SVP||Sell||12,495||$48.27||$603,133.65|| |
|11/22/2016||Craig L Silliman||EVP||Sell||668||$49.29||$32,925.72|| |
|10/26/2016||Craig L Silliman||EVP||Sell||672||$47.76||$32,094.72|| |
|9/26/2016||Craig L Silliman||EVP||Sell||672||$52.40||$35,212.80|| |
|8/26/2016||Craig L Silliman||EVP||Sell||672||$52.76||$35,454.72|| |
|7/27/2016||Craig L Silliman||EVP||Sell||672||$54.81||$36,832.32|| |
|6/24/2016||Craig L Silliman||EVP||Sell||672||$54.56||$36,664.32|| |
|5/26/2016||Craig L Silliman||EVP||Sell||672||$49.80||$33,465.60|| |
|4/26/2016||Craig L Silliman||EVP||Sell||672||$51.00||$34,272.00|| |
|3/28/2016||Craig L Silliman||EVP||Sell||672||$53.57||$35,999.04|| |
|2/26/2016||Craig L Silliman||EVP||Sell||672||$51.13||$34,359.36|| |
|2/24/2016||Diego Scotti||CMO||Buy||800||$50.75||$40,600.00|| |
|4/29/2015||Daniel S Mead||EVP||Sell||24,945||$50.45||$1,258,475.25|| |
|2/17/2015||Anthony T Skiadas||SVP||Sell||2,708||$49.02||$132,746.16|| |
|2/12/2015||Daniel S Mead||CEO||Sell||24,898||$49.70||$1,237,430.60|| |
|9/22/2014||Randal S Milch||EVP||Sell||2,791||$50.10||$139,829.10|| |
|8/22/2014||Randal S Milch||EVP||Sell||2,966||$48.92||$145,096.72|| |
|7/23/2014||Randal S Milch||EVP||Sell||2,966||$51.00||$151,266.00|| |
|6/23/2014||Randal S Milch||EVP||Sell||2,966||$49.39||$146,490.74|| |
|5/23/2014||Randal S Milch||EVP||Sell||2,965||$49.42||$146,530.30|| |
|4/25/2014||Randal Milch||EVP||Sell||2,822||$46.10||$130,094.20|| |
|3/24/2014||Randal Milch||EVP||Sell||2,823||$46.70||$131,834.10|| |
|2/25/2014||Marni Walden||EVP||Sell||8,048||$46.31||$372,702.88|| |
|2/24/2014||Randal Milch||EVP||Sell||2,823||$47.06||$132,850.38|| |
|1/22/2014||Randal Milch||EVP||Sell||2,823||$47.47||$134,007.81|| |
|11/18/2013||Randal Milch||EVP||Sell||2,823||$50.35||$142,138.05|| |
|11/11/2013||Hugh Price||Director||Sell||7,798||$49.90||$389,120.20|| |
Headline Trends for Verizon Communications (NYSE:VZ)
Latest Headlines for Verizon Communications (NYSE:VZ)
Verizon Communications (VZ) Chart for Tuesday, July, 25, 2017