The price of Verizon Communications Inc. (NYSE: VZ) closed at 39.93 in the last session, up 1.14% from day before closing price of $39.48. In other words, the price has increased by $+0.45 from its previous closing price. On the day, 19790771 shares were traded. VZ reached its highest trading level at $40.40 during the session, while it also had its lowest trading level at $39.26.
We take a closer look at VZ’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 89.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.88. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 1.73 whereas as Long-Term Debt/Eq ratio is at 1.58.
Upgrades & Downgrades
On July 28, 2022, BofA Securities Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $51.
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 05 when Silliman Craig L. sold 1,558 shares for $51.42 per share. The transaction valued at 80,112 led to the insider holds 33,403 shares of the business.
Silliman Craig L. sold 1,558 shares of VZ for $79,365 on Jun 03. The EVP&ChiefAdminLegal&PubPolOff now owns 34,961 shares after completing the transaction at $50.94 per share. On May 23, another insider, Silliman Craig L., who serves as the EVP&ChiefAdminLegal&PubPolOff of the company, sold 1,558 shares for $50.00 each. As a result, the insider received 77,900 and left with 36,519 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VZ now has a Market Capitalization of 167.69B and an Enterprise Value of 341.40B. As of this moment, Verizon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.02, and their Forward P/E ratio for the next fiscal year is 7.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 2.54 whereas that against EBITDA is 7.24.
Stock Price History:
The Beta on a monthly basis for VZ is 0.34, which has changed by -26.56% over the last 52 weeks, in comparison to a change of -15.65% over the same period for the S&P500. Over the past 52 weeks, VZ has reached a high of $55.51, while it has fallen to a 52-week low of $39.47. The 50-Day Moving Average of the stock is 44.19, while the 200-Day Moving Average is calculated to be 49.85.
According to the various share statistics, VZ traded on average about 20.32M shares per day over the past 3-months and 23.1M shares per day over the past 10 days. A total of 4.20B shares are outstanding, with a floating share count of 4.20B. Insiders hold about 0.06% of the company’s shares, while institutions hold 64.90% stake in the company. Shares short for VZ as of Aug 30, 2022 were 28.99M with a Short Ratio of 1.43, compared to 39M on Jul 28, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.69% and a Short% of Float of 0.69%.
Dividends & Splits
The forward annual dividend rate for VZ is 2.61, which was 2.56 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 6.48%, it implies a Forward Annual Dividend Yield of 6.61%. The stock’s 5-year Average Dividend Yield is 4.50. The current Payout Ratio is 51.10% for VZ, which recently paid a dividend on Oct 31, 2022 with an ex-dividend date of Oct 05, 2022. Stock splits for the company last occurred on Jul 01, 2010 when the company split stock in a 1000000:937889 ratio.
The company has 21 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.27 for the current quarter, with a high estimate of $1.31 and a low estimate of $1.23, while EPS last year was $1.41. The consensus estimate for the next quarter is $1.23, with high estimates of $1.29 and low estimates of $1.14.
Analysts are recommending an EPS of between $5.28 and $5.05 for the fiscal current year, implying an average EPS of $5.18. EPS for the following year is $5.26, with 25 analysts recommending between $5.67 and $4.9.
According to 18 analysts, the current quarter’s revenue is expected to be $33.84B. It ranges from a high estimate of $34.55B to a low estimate of $32.7B. As of the current estimate, Verizon Communications Inc.’s year-ago sales were $33.2B, an estimated increase of 1.90% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $35.28B, an increase of 3.60% over than the figure of $1.90% in the same quarter last year. There is a high estimate of $36.13B for the next quarter, whereas the lowest estimate is $33.72B.
A total of 26 analysts have provided revenue estimates for VZ’s current fiscal year. The highest revenue estimate was $138.64B, while the lowest revenue estimate was $133.77B, resulting in an average revenue estimate of $136.31B. In the same quarter a year ago, actual revenue was $133.61B, up 2.00% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $138B in the next fiscal year. The high estimate is $140.92B and the low estimate is $131.16B. The average revenue growth estimate for next year is up 1.20% from the average revenue estimate for this year.