Verizon Communications Inc. (VZ) Analysts See $1.18 EPS

September 25, 2018 - By Jack Shaw

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.09 in 2018 Q2. 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.
Daiwa Sb Invs Ltd has 400 shares. Wms Prtn has 0.08% invested in Verizon Communications Inc. (NYSE:VZ). Martin Tn, a Tennessee-based fund reported 32,494 shares. Johnson Gru accumulated 42,151 shares or 0.23% of the stock. Salem Investment Counselors reported 20,118 shares. 5,730 were reported by First Bancorp Of Hutchinson. D E Shaw holds 0.04% or 615,665 shares. Mutual Of America Limited Liability invested in 532,435 shares. Tradewinds Cap Mngmt Ltd Llc has invested 0.14% in Verizon Communications Inc. (NYSE:VZ). California-based Van Hulzen Asset Management Ltd Llc has invested 1.75% in Verizon Communications Inc. (NYSE:VZ). Telos Capital Mngmt Inc holds 13,404 shares or 0.23% of its portfolio. Knott David M has invested 0.35% in Verizon Communications Inc. (NYSE:VZ). Hgk Asset Mngmt owns 9,800 shares for 0.09% of their portfolio. Cadinha And Limited Co invested in 0.16% or 17,287 shares. Caprock Group reported 44,222 shares.

Since May 1, 2018, it had 0 buys, and 1 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 $4.88 billion giving it 11.34 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 1.62% or $0.88 during the last trading session, reaching $53.54. About 14.03M shares traded or 5.78% up from the average. Verizon Communications Inc. (NYSE:VZ) has risen 17.48% since September 25, 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. The firm has “Overweight” rating given on Monday, April 23 by Barclays Capital. SunTrust upgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, April 25 to “Buy” rating. Barclays Capital downgraded it to “Equal-Weight” rating and $50 target in Tuesday, September 4 report. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Tuesday, June 19 by Deutsche Bank. The firm has “Overweight” rating given on Friday, May 11 by JP Morgan. Robert W. Baird maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, July 25 with “Neutral” rating. The firm earned “Hold” rating on Tuesday, April 24 by Cowen & Co. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by HSBC on Wednesday, March 28. As per Thursday, June 21, the company rating was upgraded by Goldman Sachs. Wells Fargo maintained the shares of VZ in report on Friday, June 8 with “Buy” rating.

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 $221.22 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 7.1 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 to create next-generation global network infrastructure for SAP” on September 18, 2018, also Nasdaq.com with their article: “21st Century Fox Will Come Out on Top of This Tangled Media Web” published on September 25, 2018, 247Wallst.com published: “Verizon Delivers More Good News for Growing Dividend Investors” on September 06, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Seekingalpha.com and their article: “Verizon Raises The Dividend Modestly” published on September 10, 2018 as well as Seekingalpha.com‘s news article titled: “Verizon Valuation: The First 5G Service Provider” with publication date: September 18, 2018.

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

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