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

September 25, 2018 - By Kyle Williams

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.09 in Q2 2018. Its up 0.12, from 0.97 in 2018Q1. It is positive, 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.
Steinberg Global Asset Mgmt reported 1.01% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Moreover, Wheatland has 1.6% invested in Verizon Communications Inc. (NYSE:VZ) for 39,470 shares. Moreover, Hillswick Asset Mngmt Limited Liability Company has 1.5% invested in Verizon Communications Inc. (NYSE:VZ) for 43,141 shares. Rothschild Corporation Il reported 1.38% stake. Asset Mngmt has 14,802 shares for 0.49% of their portfolio. Noesis Capital Mangement owns 0.1% invested in Verizon Communications Inc. (NYSE:VZ) for 5,233 shares. Hengehold Cap Mgmt Ltd Liability Corporation reported 0.61% stake. Livforsakringsbolaget Skandia Omsesidigt owns 244,470 shares or 1.12% of their US portfolio. Banque Pictet & Cie owns 28,000 shares or 0.03% of their US portfolio. Alphamark Advsr Ltd Liability invested in 69,040 shares or 1.41% of the stock. Driehaus Cap Lc holds 19,384 shares. Fjarde Ap has 0.88% invested in Verizon Communications Inc. (NYSE:VZ). Partnervest Advisory Ser Limited Liability Corporation owns 0.48% invested in Verizon Communications Inc. (NYSE:VZ) for 20,552 shares. Barry Investment Advisors Ltd Company reported 58,469 shares or 1.13% of all its holdings. State Street Corporation reported 158.43M shares.

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 $4.88 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. JP Morgan upgraded the stock to “Overweight” rating in Friday, May 11 report. J.P. Morgan upgraded the stock to “Buy” rating in Friday, May 11 report. The rating was upgraded by UBS on Wednesday, April 25 to “Buy”. The firm earned “Neutral” rating on Wednesday, July 25 by Robert W. Baird. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Thursday, June 21 by Goldman Sachs. The company was maintained on Tuesday, April 24 by Cowen & Co. The firm has “Equal-Weight” rating given on Tuesday, September 4 by Barclays Capital. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Wednesday, March 28 by HSBC. The stock has “Buy” rating by Wells Fargo on Friday, June 8. Moffett Nathanson downgraded Verizon Communications Inc. (NYSE:VZ) on Tuesday, September 4 to “Neutral” 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: Nasdaq.com which released: “21st Century Fox Will Come Out on Top of This Tangled Media Web” on September 25, 2018, also Seekingalpha.com with their article: “Verizon: Near Perfect Dividend Hike” published on September 11, 2018, Globenewswire.com published: “Verizon to create next-generation global network infrastructure for SAP” on September 18, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Fool.com and their article: “Better Buy: CenturyLink vs. Verizon” published on September 22, 2018 as well as Seekingalpha.com‘s news article titled: “Another Way Of Looking At Verizon” with publication date: August 29, 2018.

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

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