In the latest session, Verizon Communications Inc (NYSE: VZ) closed at $40.84 down -2.13% from its previous closing price of $41.73. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 17217356 shares were traded.
Ratios:
For a deeper understanding of Verizon Communications Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 51.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.18. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.64. In the meantime, Its Debt-to-Equity ratio is 1.89 whereas as Long-Term Debt/Eq ratio is at 1.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Redburn Atlantic on March 22, 2024, Upgraded its rating to Neutral and sets its target price to $39 from $33 previously.
On January 31, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $44.
Daiwa Securities Upgraded its Neutral to Outperform on January 24, 2024, whereas the target price for the stock was revised from $36 to $47.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 22 ’24 when Malady Kyle sold 24,000 shares for $40.80 per share. The transaction valued at 979,200 led to the insider holds 35,201 shares of the business.
Malady Kyle sold 15,000 shares of VZ for $604,950 on Feb 15 ’24. The EVP and Group CEO-VZ Business now owns 59,201 shares after completing the transaction at $40.33 per share. On Dec 11 ’23, another insider, Silliman Craig L., who serves as the EVP&Pres.-VZ Global Services of the company, sold 3,340 shares for $38.29 each. As a result, the insider received 127,889 and left with 46,295 shares of the company.
Valuation Measures:
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 171.94B and an Enterprise Value of 344.81B. As of this moment, Verizon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.82, and their Forward P/E ratio for the next fiscal year is 8.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 2.57 whereas that against EBITDA is 8.59.
Stock Price History:
Over the past 52 weeks, VZ has reached a high of $43.42, while it has fallen to a 52-week low of $30.14. The 50-Day Moving Average of the stock is 40.78, while the 200-Day Moving Average is calculated to be 36.66.
Shares Statistics:
For the past three months, VZ has traded an average of 19.42M shares per day and 16.99M over the past ten days. A total of 4.20B shares are outstanding, with a floating share count of 4.20B. Insiders hold about 0.04% of the company’s shares, while institutions hold 63.35% stake in the company. Shares short for VZ as of Mar 28, 2024 were 47.96M with a Short Ratio of 2.79, compared to 51.6M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.14% and a Short% of Float of 1.14%.
Dividends & Splits
According to the company, the forward annual dividend rate for VZ is 2.65, from 2.63 in the trailing year. Against a Trailing Annual Dividend Yield of 6.42%, it implies a Forward Annual Dividend Yield of 6.51%. The stock’s 5-year Average Dividend Yield is 5.26. The current Payout Ratio is 95.63% for VZ, which recently paid a dividend on May 01, 2024 with an ex-dividend date of Apr 09, 2024. Stock splits for the company last occurred on Jul 02, 2010 when the company split stock in a 1000000:937889 ratio.
Earnings Estimates
There are 18 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.12 for the current quarter, with a high estimate of $1.16 and a low estimate of $1.07, while EPS last year was $1.2. The consensus estimate for the next quarter is $1.15, with high estimates of $1.19 and low estimates of $1.09.
Analysts are recommending an EPS of between $4.67 and $4.46 for the fiscal current year, implying an average EPS of $4.57. EPS for the following year is $4.71, with 20 analysts recommending between $4.86 and $4.46.
Revenue Estimates
A total of 17 analysts believe the company’s revenue will be $33.29B this quarter.It ranges from a high estimate of $33.61B to a low estimate of $32.96B. As of the current estimate, Verizon Communications Inc’s year-ago sales were $32.91B, an estimated increase of 1.10% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $33.13B, an increase of 1.60% over than the figure of $1.10% in the same quarter last year. There is a high estimate of $33.59B for the next quarter, whereas the lowest estimate is $32.6B.
A total of 23 analysts have provided revenue estimates for VZ’s current fiscal year. The highest revenue estimate was $137.84B, while the lowest revenue estimate was $134.06B, resulting in an average revenue estimate of $135.75B. In the same quarter a year ago, actual revenue was $133.97B, up 1.30% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $137.6B in the next fiscal year. The high estimate is $141.66B and the low estimate is $135.33B. The average revenue growth estimate for next year is up 1.40% from the average revenue estimate for this year.
