Over the past 12 fiscal quarters, Verizon Communications Inc. (NYSE:VZ) has topped consensus earnings estimates in 6 quarters (50%), missed earnings in 3 quarters (25%), whereas at 3 occasion EPS met analyst expectations. Shares of Verizon Communications Inc. (VZ) have gained 2.5% since the company’s Mar-19 earnings report.VZ last reported earnings on October 23, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.22 per share, -57.64% change on the same period last year. That was better than consensus for $1.19. Revenue for the recent quarter stood at $32.61 billion, up 3% on last year and above the $32.51 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $31.8 billion to $32.82 billion, which should be compared with $30.27 billion generated last year. EPS is seen in a range of $1.14 to $1.24, against the $0.94 reported a year ago.
VZ’s 50 day simple moving average (SMA 50) price is $57.47 and its 200-day simple moving average (SMA 200) price is $52.53. The company’s stock currently has a total float of 4.13B shares. Its weekly volatility is hovering around 1.76% and felt 2.43% volatility in price over a month. On the upside, the share price will test short term resistance at around $56.85. On a downside, the stock is likely to find some support, which begins at $55.91. The failure to get near-term support could push it to $55.46.
Separately, it has been reported that multiple insider activity took place at Verizon Communications Inc. (VZ). SVP & Controller Skiadas Anthony T sold 1,974 shares for $17,991 in transaction occurred on 2018/05/01. After making this transaction, the SVP & Controller owns a direct stake of 97,595 shares, worth $1,013,973, as per the last closing price. On 2018/02/13 Skiadas Anthony T, SVP & Controller at VZ, dumped 6,967 shares at an average price of $49.8 per share. The selling total is valued at $1,012,676.
EVP of PubPolicy & Gen Counsel, Silliman Craig L. had divested 610 shares for $7,027 through a trade on 2017/11/27. Following this activity, the insider holds 28,920 shares worth $396,042 as of recent close.Wall Street’s most bullish Verizon Communications Inc. (NYSE:VZ) analysts are predicting the share price to blow past $65 per share during the next 12 months. The current median share price forecast by them is $59, suggesting that the stock could increase 4.68% in that time frame. The average price target of $58.79 calls for a nearly 4.31% increase in the stock price.
It had seen a negative analyst call from Morgan Stanley, which downgraded the stock from Overweight to Equal-Weight on December 12. Analysts at JP Morgan, shed their positive views on December 03 by lowering it fromOverweight to Neutral. Brokerage firm Morgan Stanley, looks cautious as they stick to prior recommendation of Overweight, in a call on October 29. However, they did change the target price from $56 to $58. MoffettNathanson analysts came out with bearish views on September 04 when the call was made. They think the stock is now Neutral compared to to their prior call for Buy.
When looking at valuations, Verizon Communications Inc. (VZ) has a cheap P/E of 15.04x as compared to industry average of 21.28x. Moreover, it trades for 11.95 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.28x price/book and 1.79x price/sales. Compared to others, Verizon Communications Inc. is in a different league with regards to profitability, having net margins of 24.7%. To put some perspective around this, the industry’s average net margin is 26.92%. VZ’s ROE is 64.4%, which is also considerably better than the industry’s ROE of 26.99%. It’s also very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 2.07.
Verizon Communications Inc. (NYSE:VZ) recently claimed $233.1B as the price has approached $56.36. There came a 0.25% growth with the closing bell on Friday. The stock remained range bound between $55.95 and $56.89. Trading activity significantly weakened as the volume at ready counter decreased to 17,014,747 shares versus 19,786,670 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 16,750,268 shares. The stock is now 22.31% above against its bear-market low of $46.08 on May 09, 2018. It has retreated -9.26% since it’s 52-week high of $61.58 reached in November. Now the market price is up 7.5% on the year and up 0.25% YTD.