Verizon Communications - VZ Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 2 sell ratings, 14 hold ratings and 5 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.
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21 analysts have issued 12-month target prices for Verizon Communications' stock. Their VZ share price forecasts range from $37.00 to $68.00. On average, they anticipate the company's share price to reach $48.60 in the next twelve months. This suggests a possible upside of 24.6% from the stock's current price.
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Verizon Communications' stock was trading at $51.96 at the beginning of the year. Since then, VZ shares have decreased by 24.9% and is now trading at $39.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
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Verizon Communications Inc. (NYSE:VZ) posted its quarterly earnings results on Friday, October, 21st. The cell phone carrier reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.03. The cell phone carrier had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.79 billion. Verizon Communications had a net margin of 14.22% and a trailing twelve-month return on equity of 25.80%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS.
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Verizon Communications declared a quarterly dividend on Wednesday, September 7th. Investors of record on Friday, October 7th will be given a dividend of $0.6525 per share on Tuesday, November 1st. This represents a $2.61 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date is Thursday, October 6th. This is an increase from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for VZ.

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.61 per share and currently has a dividend yield of 6.71%. 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 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 51.18% 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 2022 earnings guidance on Saturday, October, 29th. The company provided earnings per share (EPS) guidance of $5.10-$5.25 for the period, compared to the consensus EPS estimate of $5.19. 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.32%), BlackRock Inc. (7.60%), State Street Corp (3.93%), Bank of New York Mellon Corp (0.94%), Dimensional Fund Advisors LP (0.87%) and California Public Employees Retirement System (0.65%). 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.
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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 $39.02.

Verizon Communications (NYSE:VZ) has a market capitalization of $163.88 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 $4.61 on an earnings per share basis.

The company employs 118,400 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.