About Verizon Communications (NYSE:VZ)
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
Industry Integrated Telecommunications Services
Sub-IndustryIntegrated Telecommunication Services
SectorComputer and Technology
Trailing P/E Ratio13.96
Forward P/E Ratio13.97
Sales & Book Value
Annual Sales$125.98 billion
Price / Sales1.71
Cash Flow$7.83 per share
Price / Cash6.73
Book Value$5.90 per share
Price / Book8.93
Net Income$13.13 billion
Return on Equity58.66%
Return on Assets6.13%
Verizon Communications (NYSE:VZ) Frequently Asked Questions
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 announced a quarterly dividend on Thursday, December 7th. Investors of record on Wednesday, January 10th will be given a dividend of $0.59 per share on Thursday, February 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, January 9th. View Verizon Communications' Dividend History.
How will Verizon Communications' stock buyback program work?
Verizon Communications announced that its Board of Directors has authorized a share repurchase plan on Saturday, April 8th 2017, which permits the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.
How were Verizon Communications' earnings last quarter?
Verizon Communications Inc. (NYSE:VZ) announced its quarterly earnings results on Thursday, October, 19th. The cell phone carrier reported $0.98 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.98. The cell phone carrier earned $31.70 billion during the quarter, compared to analysts' expectations of $31.45 billion. Verizon Communications had a net margin of 12.80% and a return on equity of 58.66%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 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?
25 Wall Street analysts have issued 12 month price targets for Verizon Communications' stock. Their predictions range from $42.80 to $61.00. On average, they anticipate Verizon Communications' share price to reach $51.59 in the next year. View Analyst Ratings for Verizon Communications.
What are Wall Street analysts saying about Verizon Communications stock?
Here are some recent quotes from research analysts about Verizon Communications stock:
- 1. Macquarie analysts commented, "We model 4Q/’18 postpaid net adds of 711k/1.6m driven by churn of 1.04%/1.03%. We expect continued pressure on postpaid ARPA through 4Q, but at a lesser magnitude of decline. 5G is a priority as management believes the standards will be set by year-end. Verizon used proceeds from its wireline/data center sales to invest in mmWave spectrum/fiber assets, while partnerships with Ericsson, Samsung, Qualcomm, and Intel are also bearing fruit. Data around its 5G trials in 11 markets should come in 4Q, but its goal of launching a fixed wireless offering in ’18 remains. Ahead of the ‘18/’19 auction, we expect Verizon will continue to secure spectrum/fiber assets. #2 Net video losses of 18k stemmed from competitive pressures and a continued shift to traditional linear/OTT." (10/22/2017)
- 2. 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)
Are investors shorting Verizon Communications?
Verizon Communications saw a increase in short interest in the month of November. As of November 30th, there was short interest totalling 36,476,564 shares, an increase of 8.2% from the November 15th total of 33,709,347 shares. Based on an average trading volume of 18,833,281 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.9% of the shares of the stock are short sold.
Who are some of Verizon Communications' key competitors?
Some companies that are related to Verizon Communications include Telefonica (TEF), Orange (ORAN), BCE (BCE), BT Group (BT), BT Group (BT.A), Telefonica Brasil (VIV), TELUS (TU), Level 3 Communications (LVLT), CenturyLink (CTL), Telecom Italia (TI), Altice USA (ATUS), Shaw Communications (SJR), KT (KT), Telecom Argentina (TEO), PLDT (PHI), j2 Global (JCOM), Cogent Communications (CCOI) and Neustar (NSR).
Who are Verizon Communications' key executives?
Verizon Communications' management team includes the folowing people:
- Lowell C. McAdam, Chairman of the Board, Chief Executive Officer (Age 62)
- Matthew D. Ellis, Chief Financial Officer, Executive Vice President (Age 45)
- Marc C. Reed, Executive Vice President, Chief Administrative Officer (Age 58)
- Diego Scotti, Executive Vice President, Chief Marketing Officer (Age 44)
- Roger Gurnani, Executive Vice President, Chief Information and Technology Architect (Age 56)
- Rima Qureshi, Executive Vice President, Chief Strategy Officer (Age 52)
- Craig L. Silliman, Executive Vice President – Public Policy and General Counsel (Age 49)
- John G. Stratton, Executive Vice President, President - Operations (Age 55)
- Marni M. Walden, Executive Vice President, President – Product Innovation and New Businesses (Age 49)
- Anthony T. Skiadas, Senior Vice President, Controller (Age 48)
Who owns Verizon Communications stock?
Verizon Communications' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (1.05%), Capital International Investors (0.90%), Barrow Hanley Mewhinney & Strauss LLC (0.68%), Legal & General Group Plc (0.60%), Schwab Charles Investment Management Inc. (0.49%) and Nordea Investment Management AB (0.49%). 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., Capital International Investors, PGGM Investments, Macquarie Group Ltd., Neuberger Berman Group LLC, Vaughan David Investments Inc. IL, Bank of New York Mellon Corp and Retirement Systems of Alabama. Company insiders that have sold Verizon Communications company 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 purchased by a variety of institutional investors in the last quarter, including Stifel Financial Corp, Ameriprise Financial Inc., Bessemer Group Inc., Westfield Capital Management Co. LP, First Eagle Investment Management LLC, Parametric Portfolio Associates LLC, Cornerstone Investment Partners LLC and Janus Henderson Group PLC. 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 with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Verizon Communications' stock price today?
One share of Verizon Communications stock can currently be purchased for approximately $52.67.
How big of a company is Verizon Communications?
Verizon Communications has a market capitalization of $213.52 billion and generates $125.98 billion in revenue each year. The cell phone carrier earns $13.13 billion in net income (profit) each year or $3.90 on an earnings per share basis. Verizon Communications employs 160,900 workers across the globe.
How can I contact Verizon Communications?
Verizon Communications' mailing address is 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The cell phone carrier can be reached via phone at 212-395-1000 or via email at [email protected]
MarketBeat Community Rating for Verizon Communications (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.
Verizon Communications (NYSE:VZ) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.27||2.17||2.13||2.13|
|Ratings Breakdown: ||0 Sell Rating(s)|
22 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
24 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
27 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
28 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$52.88||$53.36||$53.42||$53.63|
|Price Target Upside: ||0.01% downside||7.74% upside||11.42% upside||15.01% upside|
Verizon Communications (NYSE:VZ) Consensus Price Target History
Verizon Communications (NYSE:VZ) Analyst Ratings History
(Data available from 12/16/2015 forward)
Verizon Communications (NYSE:VZ) Earnings History and Estimates Chart
Verizon Communications (NYSE VZ) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/19/2017||Q3 2017||$0.98||$0.98||$31.45 billion||$31.70 billion||View||N/A|
|7/27/2017||Q2 2017||$0.96||$0.96||$29.84 billion||$30.55 billion||View||N/A|
|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|
Verizon Communications (NYSE:VZ) Earnings Estimates
2017 EPS Consensus Estimate: $3.86
2018 EPS Consensus Estimate: $3.88
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Verizon Communications (NYSE:VZ) Dividend Information
|Dividend Growth:||3.10% (3 Year Average)|
|Payout Ratio:||60.51% (Trailing 12 Months of Earnings) |
62.60% (Based on This Year's Estimates)
60.82% (Based on Next Year's Estimates)
|Track Record:||10 Years of Consecutive Dividend Growth|
Verizon Communications (NYSE:VZ) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Verizon Communications (NYSE VZ) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.13%
Institutional Ownership Percentage: 63.37%
Verizon Communications (NYSE VZ) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/27/2017||Craig L Silliman||EVP||Sell||610||$47.41||$28,920.10|| |
|10/27/2017||Craig L Silliman||EVP||Sell||610||$48.62||$29,658.20|| |
|9/27/2017||Craig L Silliman||EVP||Sell||610||$49.23||$30,030.30|| |
|8/28/2017||Craig L Silliman||EVP||Sell||610||$48.65||$29,676.50|| |
|7/28/2017||Craig L Silliman||EVP||Sell||610||$47.74||$29,121.40|| |
|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|| |
Verizon Communications (NYSE VZ) News Headlines
Verizon Communications (NYSE:VZ) SEC Filings
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Verizon Communications (NYSE:VZ) Income Statement, Balance Sheet and Cash Flow Statement
Verizon Communications (NYSE VZ) Stock Chart for Saturday, December, 16, 2017