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:
- Sector: Computer and Technology
- Industry: Integrated Telecommunications Services
- Sub-Industry: Integrated Telecommunication Services
- Symbol: NYSE:VZ
- CUSIP: 92343V10
- Web: www.verizon.com
- Market Cap: $202.05308 billion
- Outstanding Shares: 4,079,407,000
- 50 Day Moving Avg: $48.52
- 200 Day Moving Avg: $47.03
- 52 Week Range: $42.80 - $54.83
Sales & Book Value:
- Trailing P/E Ratio: 12.73
- Foreward P/E Ratio: 12.73
- P/E Growth: 10.37
- Annual Revenue: $123.64 billion
- Price / Sales: 1.63
- Book Value: $6.18 per share
- Price / Book: 8.01
- Annual Dividend: $2.36
- Dividend Yield: 4.8%
- EBITDA: $43.95 billion
- Net Margins: 12.80%
- Return on Equity: 58.66%
- Return on Assets: 6.13%
- Debt-to-Equity Ratio: 4.05%
- Current Ratio: 1.07%
- Quick Ratio: 1.00%
- Average Volume: 14.76 million shs.
- Beta: 0.56
- 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, September 7th. Investors of record on Tuesday, October 10th will be given a dividend of $0.59 per share on Wednesday, November 1st. This represents a $2.36 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, October 6th. This is a positive change from Verizon Communications's previous quarterly dividend of $0.58. 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 buyback 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 generally a sign that the company's board believes its shares are undervalued.
How were Verizon Communications' earnings last quarter?
Verizon Communications Inc. (NYSE:VZ) posted its quarterly earnings results on Thursday, October, 19th. The company reported $0.98 earnings per share for the quarter, meeting analysts' consensus estimates of $0.98. The firm earned $31.70 billion during the quarter, compared to analysts' expectations of $31.45 billion. Verizon Communications had a return on equity of 58.66% and a net margin of 12.80%. Verizon Communications's revenue was up 2.5% compared to the same quarter last year. During the same period 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 analysts have issued 12 month target prices for Verizon Communications' stock. Their forecasts range from $46.00 to $80.00. On average, they anticipate Verizon Communications' stock price to reach $53.28 in the next year. 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. 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)
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), Altice USA (ATUS), Centurylink (CTL), Shaw Communications (SJR), KT Corporation (KT), PLDT (PHI), Telecom Argentina Stet - France Telecom S.A. (TEO), 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 State Treasurer State of Michigan (0.16%), APG Asset Management N.V. (0.15%), PGGM Investments (0.10%), Strs Ohio (0.08%), Robeco Institutional Asset Management B.V. (0.07%) and Swedbank (0.07%). 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, State Treasurer State of Michigan, Inverness Counsel LLC NY, Prentiss Smith & Co. Inc., BB&T Corp, Financial Architects Inc and Douglas Lane & Associates LLC. 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 acquired by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Hermes Investment Management Ltd., Assenagon Asset Management S.A., Alpha Cubed Investments LLC, Carnick & Kubik Group LLC, Curbstone Financial Management Corp, Bartlett & Co. LLC and Stokes & Hubbell Capital Management LLC. 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 $49.53.
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: ||19 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.24)|
|Consensus Price Target: ||$53.28 (7.58% upside)|Consensus Price Target History for Verizon Communications (NYSE:VZ)
Analysts' Ratings History for Verizon Communications (NYSE:VZ)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Bank of America Corporation||Set Price Target||Buy||$50.00 -> $52.00||N/A|
|10/20/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||$50.00||N/A|
|10/12/2017||Moffett Nathanson||Reiterated Rating||Buy||N/A|
|10/4/2017||Robert W. Baird||Reiterated Rating||Hold||$49.00||Low|
|9/19/2017||Cowen and Company||Reiterated Rating||Hold||$52.00||High|
|7/31/2017||Royal Bank Of Canada||Boost Price Target||Sector Perform||$48.00 -> $50.00||Medium|
|7/14/2017||Barclays PLC||Lower Price Target||Equal Weight -> Equal Weight||$49.00 -> $47.00||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|
|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|
|4/21/2017||Argus||Downgrade||Buy -> Hold||High|
|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||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|
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|
|1/23/2018|| || || || || || || || |
|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|
Earnings Estimates for Verizon Communications (NYSE:VZ)
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|
Current Dividend Information for Verizon Communications (NYSE:VZ)
|Dividend Growth:||3.10% (3 Year Average)|
|Payout Ratio:||60.51% (Trailing 12 Months of Earnings) |
62.60% (Based on This Year's Estimates)
60.67% (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: 62.22%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
Headline Trends for Verizon Communications (NYSE:VZ)
Latest Headlines for Verizon Communications (NYSE:VZ)
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Verizon Communications (VZ) Chart for Monday, October, 23, 2017