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

September 25, 2018 - By Lisa Delgado

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.09 in Q2 2018. 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.
Employees Retirement Of Texas has invested 0.26% in Verizon Communications Inc. (NYSE:VZ). Trillium Asset Mgmt Ltd Liability holds 1.12% in Verizon Communications Inc. (NYSE:VZ) or 416,814 shares. Rowland Com Invest Counsel Adv holds 0% or 6,919 shares in its portfolio. Regent Inv Mngmt Ltd Com reported 0.63% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Denali Advsr Lc holds 3.05% or 403,400 shares. Putnam Invests Ltd Liability Corporation owns 4.48 million shares. Td Asset stated it has 3.93 million shares. Pointstate Capital L P has 0.01% invested in Verizon Communications Inc. (NYSE:VZ) for 20,400 shares. Ccm Invest Advisers Lc invested in 0.07% or 7,711 shares. Invesco Ltd holds 0.23% or 13.82M shares. Campbell Newman Asset Management Inc invested in 0.08% or 9,963 shares. Washington Trust National Bank & Trust reported 87,164 shares. Villere St Denis J And Com Ltd Com reported 168,902 shares. Hudson Valley Inv Advisors Adv stated it has 107,717 shares or 1.33% of all its holdings. Cap Ltd Ltd reported 2,352 shares stake.

Since May 1, 2018, it had 0 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 $4.88 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 14.03 million 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. As per Wednesday, March 28, the company rating was upgraded by HSBC. Cowen & Co maintained Verizon Communications Inc. (NYSE:VZ) on Tuesday, April 24 with “Hold” rating. The firm has “Buy” rating given on Tuesday, June 19 by Deutsche Bank. JP Morgan upgraded Verizon Communications Inc. (NYSE:VZ) on Friday, May 11 to “Overweight” rating. The firm has “Buy” rating given on Wednesday, April 25 by SunTrust. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, September 4. Moffett Nathanson downgraded the shares of VZ in report on Tuesday, September 4 to “Neutral” rating. The company was upgraded on Friday, May 11 by J.P. Morgan. On Wednesday, April 25 the stock rating was upgraded by UBS to “Buy”. The firm has “Buy” rating by Goldman Sachs given on Thursday, June 21.

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: Fool.com which released: “Better Buy: CenturyLink vs. Verizon” on September 22, 2018, also Globenewswire.com with their article: “Verizon to create next-generation global network infrastructure for SAP” published on September 18, 2018, 247Wallst.com published: “Verizon, DowDuPont Weigh on the Dow Monday” on September 24, 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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