Verizon Communications Inc. most recently reported earnings per share of $1.04 for the quarter ending on 2014-12-31. This is the median number based on the 17 analysts offering predictions. The company managed to beat both earnings per share (EPS) and revenue estimates.
Advertisement
Shares of Verizon Communications Inc. rose by 0.9% in the last five trading days and 1.59% for the last 4 weeks. The stock has a market cap of $240.48 million and a price-to-earnings ratio of 16.96. Out of 9 analysts who cover the stock, 5 suggest a Buy rating, 3 suggest a Hold and one recommends to Sell the stock.
Tablets continued to fuel much of Verizon’s subscriber growth in the quarter, representing 818,000 net additions. This is an increase from Verizon Communications’s previous quarterly dividend of $0.55. The $49.66 average target is 11.32% above today’s ($44.61) stock price. The ex-dividend date of this dividend is Wednesday, October 7th.
Shares of Verizon Communications Inc. rose nearly 2 percent in premarket trading Tuesday.
Verizon Communications Inc. (Verizon) is a holding company. Verizon Communications has a 52 week low of $38.06 and a 52 week high of $51.73. The company shares have dropped -7.80% from its 1 Year high price.
In third-quarter 2015, consumer revenues were $4.0 billion, an increase of 2.8 percent compared with third-quarter 2014. “These impacts include the commercial model change in wireless, year-over-year wireline financial comparisons following the expected first-half 2016 sale of operations to Frontier Communications Corp., and the ramp up of new business models for wireless video and IoT”.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (EVP&Pres of Prod Innov&New Bus), of Verizon Communications Inc, Walden Marni M had unloaded 8,229 shares at $46.26 per share in a transaction on August 7, 2015.
Professional analysts at Nomura has initiated coverage on Verizon Communications Inc (NYSE:VZ) with Neutral rating.
Four companies, including AT&T Inc. and Verizon Communications Inc, are being investigated by the Federal Communications Commission over the terms they set for business customers in a $20 billion market to carry high-speed data.
Advertisement
Breaking out into specific segments, Verizon Wireless had a quarter that was buoyed by sales of new devices. Wireline’s communications products and services include voice, Internet access, broadband video and data, Internet protocol network services, network access, long distance and other services. The Company is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies.
