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

September 25, 2018 - By Carolyn Hewitt

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.09 in 2018 Q2. Its up 0.12, from 0.97 in 2018Q1. It increased, 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.
Northpointe Lc holds 133,740 shares or 0.89% of its portfolio. Wedgewood Invsts Pa owns 2.31% invested in Verizon Communications Inc. (NYSE:VZ) for 26,929 shares. 17,533 were accumulated by West Chester Cap. Matrix Asset Advsr holds 189,586 shares. Putnam Fl Management Co reported 0.32% in Verizon Communications Inc. (NYSE:VZ). 129,676 were reported by Union National Bank & Trust. Beck Cap Mgmt Ltd Liability Co owns 6,486 shares for 0.16% of their portfolio. Lodestar Inv Counsel Ltd Limited Liability Company Il has invested 0.11% in Verizon Communications Inc. (NYSE:VZ). North Star Invest Management holds 93,069 shares or 0.54% of its portfolio. Mason Street Advisors Limited Liability Company holds 579,716 shares. 25,750 are owned by Vaughan Nelson Inv Mgmt Lp. First Allied Advisory Svcs Incorporated invested in 287,510 shares. Citizens & Northern holds 0.67% in Verizon Communications Inc. (NYSE:VZ) or 18,806 shares. Valicenti Advisory Svcs invested 4.73% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Afam Cap Inc holds 0.62% in Verizon Communications Inc. (NYSE:VZ) or 84,247 shares.

Since May 1, 2018, it had 0 insider purchases, 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 “Buy” rating by J.P. Morgan given on Friday, May 11. The firm earned “Buy” rating on Wednesday, March 28 by HSBC. The company was upgraded on Monday, April 23 by Barclays Capital. The rating was maintained by Jefferies with “Hold” on Wednesday, April 25. The firm has “Overweight” rating given on Friday, May 11 by JP Morgan. The company was maintained on Friday, June 8 by Wells Fargo. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Cowen & Co on Tuesday, April 24. The rating was downgraded by Moffett Nathanson to “Neutral” on Tuesday, September 4. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Wednesday, April 25 by SunTrust. As per Tuesday, September 4, the company rating was downgraded by Barclays Capital.

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: Seekingalpha.com which released: “Verizon Valuation: The First 5G Service Provider” on September 18, 2018, also 247Wallst.com with their article: “Verizon Delivers More Good News for Growing Dividend Investors” published on September 06, 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: Globenewswire.com and their article: “Verizon to create next-generation global network infrastructure for SAP” published on September 18, 2018 as well as Seekingalpha.com‘s news article titled: “Verizon Raises The Dividend Modestly” with publication date: September 10, 2018.

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

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