Analysts See $0.98 EPS for Verizon Communications Inc. (VZ)

September 25, 2017 - By Adrian Erickson

 Analysts See $0.98 EPS for Verizon Communications Inc. (VZ)
Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It fall, as 90 investors sold Verizon Communications Inc. shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported.
Delta Capital Mgmt Limited Liability Com holds 41,835 shares. Town And Country Fincl Bank And Dba First Bankers invested 2.09% in Verizon Communications Inc. (NYSE:VZ). 20,057 were accumulated by Salem Counselors. London Communication Of Virginia stated it has 1.58% in Verizon Communications Inc. (NYSE:VZ). Geneva Advisors Lc accumulated 61,353 shares or 0.05% of the stock. Todd Asset Limited Co invested in 301,825 shares. Frontier Invest Mgmt Co has invested 1.86% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Iron Financial Limited invested in 6,833 shares. First Manhattan reported 648,876 shares or 0.25% of all its holdings. 261,050 were accumulated by Hennessy. Lincluden Mngmt holds 350,613 shares. Nuveen Asset Ltd Liability stated it has 0.1% in Verizon Communications Inc. (NYSE:VZ). Fort Washington Advsrs Oh, Ohio-based fund reported 207,590 shares. First Financial Bank And Trust Of Newtown holds 1.37% or 104,959 shares in its portfolio. Spectrum Management Group Inc Incorporated reported 0.09% stake.

Since March 27, 2017, it had 0 insider purchases, and 2 insider sales for $781,618 activity. WALDEN MARNI M had sold 16,362 shares worth $753,961.

Investors wait Verizon Communications Inc. (NYSE:VZ) to report on October, 19 before the open. its quarterly earnings Wall Street analysts expect $0.98 EPS, down $0.03 or 2.97 % from last year’s $1.01 same quarter earnings. This translates into $4.00B profit for VZ giving the stock a 12.73 P/E. This is assuming the current $0.98 EPS is accurate. Verizon Communications Inc.’s Wall Street analysts see 2.08 % EPS growth, taking into account the $0.96 EPS reproted in the previous quarter, The stock increased 0.02% or $0.01 during the last trading session, reaching $49.9. About 13.70 million shares traded or 3.47% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since September 26, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 24 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 18 Hold. Therefore 25% are positive. Verizon Communications Inc. had 49 analyst reports since July 22, 2015 according to SRatingsIntel. Macquarie Research maintained the shares of VZ in report on Thursday, June 15 with “Hold” rating. The firm earned “Hold” rating on Friday, July 28 by Cowen & Co. The stock has “Buy” rating by HSBC on Thursday, January 19. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Mkt Perform” rating by FBR Capital on Wednesday, January 25. The company was maintained on Wednesday, October 21 by FBR Capital. Citigroup upgraded the stock to “Buy” rating in Tuesday, January 3 report. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Tuesday, July 18 by Cowen & Co. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, May 26. RBC Capital Markets has “Hold” rating and $48 target. As per Thursday, August 10, the company rating was maintained by Oppenheimer. Cowen & Co maintained the shares of VZ in report on Monday, September 18 with “Hold” rating.

Verizon Communications Inc. is a holding company. The company has market cap of $203.56 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 12.8 P/E ratio. The Company’s divisions include Wireless and Wireline.

More important recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Verizon Communications: Cutting Costs But Not Spending Much On New Capital” on September 17, 2017, also Prnewswire.com published article titled: “Rima Qureshi named chief strategy officer for Verizon”, Investorplace.com published: “Verizon Communications Inc. (VZ) to Retire Copper Networks for Fiber Migration” on September 22, 2017. More interesting news about Verizon Communications Inc. (NYSE:VZ) was released by: Nasdaq.com and their article: “Verizon Communications Plans Cost Cuts to Fund Dividends” with publication date: September 15, 2017.

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