EPS for Verizon Communications Inc. (VZ) Expected At $1.18

September 16, 2018 - By Billy Entrekin

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.09 in Q2 2018. Its up 0.12, from 0.97 in 2018Q1. It improved, as 57 investors sold Verizon Communications Inc. shares while 629 reduced holdings. 140 funds opened positions while 609 raised stakes. 2.56 billion shares or 0.34% more from 2.55 billion shares in 2018Q1 were reported.
Truepoint invested in 7,669 shares. Weiss Multi holds 0.09% or 75,000 shares in its portfolio. Regent Investment Management Ltd reported 0.63% stake. Clifford Swan Investment Counsel Ltd Co invested in 0.59% or 210,112 shares. Stratos Wealth Prns Ltd reported 293,058 shares. Goelzer Investment Mngmt reported 165,251 shares. The Minnesota-based Gradient Invests Llc has invested 0.04% in Verizon Communications Inc. (NYSE:VZ). Hsbc Public Limited invested in 4.49 million shares or 0.4% of the stock. Transamerica Fincl, Florida-based fund reported 1,052 shares. Carret Asset Lc invested 1.49% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Wealthtrust Fairport Lc, Ohio-based fund reported 342 shares. Reaves W H & Comm has 3.44% invested in Verizon Communications Inc. (NYSE:VZ) for 2.02 million shares. Pinebridge Invs L P reported 0.16% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Nomura Asset Ltd stated it has 1.06M shares or 0.55% of all its holdings. Hgk Asset Mgmt reported 0.09% of its portfolio in Verizon Communications Inc. (NYSE:VZ).

Since May 1, 2018, it had 0 insider buys, and 1 insider sale for $97,595 activity.

Analysts expect Verizon Communications Inc. (NYSE:VZ) to report $1.18 EPS on October, 18.They anticipate $0.20 EPS change or 20.41 % from last quarter’s $0.98 EPS. VZ’s profit would be $4.88B giving it 11.56 P/E if the $1.18 EPS is correct. After having $1.20 EPS previously, Verizon Communications Inc.’s analysts see -1.67 % EPS growth. The stock decreased 0.71% or $0.39 during the last trading session, reaching $54.55. About 13.45 million shares traded or 0.10% up from the average. Verizon Communications Inc. (NYSE:VZ) has risen 17.48% since September 16, 2017 and is uptrending. It has outperformed by 1.86% the S&P500.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 14 analysts covering Verizon (NYSE:VZ), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Verizon had 15 analyst reports since March 28, 2018 according to SRatingsIntel. On Tuesday, June 19 the stock rating was upgraded by Deutsche Bank to “Buy”. On Wednesday, April 25 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Overweight” rating on Monday, April 23 by Barclays Capital. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by HSBC on Wednesday, March 28. JP Morgan upgraded the shares of VZ in report on Friday, May 11 to “Overweight” rating. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Wednesday, July 25 by Robert W. Baird. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Friday, May 11 by J.P. Morgan. The firm earned “Buy” rating on Wednesday, April 25 by SunTrust. The stock of Verizon Communications Inc. (NYSE:VZ) has “Equal-Weight” rating given on Tuesday, September 4 by Barclays Capital. As per Friday, June 8, the company rating was maintained by Wells Fargo.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment services and products to consumers, businesses, and governmental agencies worldwide. The company has market cap of $225.40 billion. The Company’s Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things . It has a 7.24 P/E ratio. This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon names K. Guru Gowrappan Oath CEO” on September 12, 2018, also Seekingalpha.com with their article: “Bull And Bear Markets Within S&P 500 – Cramer’s Mad Money (9/12/18)” published on September 13, 2018, Seekingalpha.com published: “Another Way Of Looking At Verizon” on August 29, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Benzinga.com and their article: “Verizon: The Dow Powerhouse Few Are Discussing” published on August 22, 2018 as well as Globenewswire.com‘s news article titled: “FirstOn5G.com is open for business!” with publication date: September 13, 2018.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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