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

July 17, 2017 - By Linda Rogers

 Analysts See $0.98 EPS for Verizon Communications Inc. (VZ)
Investors sentiment increased to 1.11 in 2016 Q4. Its up 0.01, from 1.1 in 2016Q3. It is positive, as 60 investors sold Verizon Communications Inc. shares while 658 reduced holdings. 115 funds opened positions while 683 raised stakes. 2.53 billion shares or 1.29% more from 2.50 billion shares in 2016Q3 were reported.
Stearns Fincl Svcs accumulated 48,747 shares. Cap Intl Sarl accumulated 103,179 shares or 0.51% of the stock. Oxbow Advisors Limited Liability Com has 0.61% invested in Verizon Communications Inc. (NYSE:VZ). Twin Management, a Pennsylvania-based fund reported 268,095 shares. Intersect Lc has invested 3.38% in Verizon Communications Inc. (NYSE:VZ). Hartline Investment stated it has 32,487 shares or 0.61% of all its holdings. First Personal Financial Svcs has invested 0.65% in Verizon Communications Inc. (NYSE:VZ). Amer Economic Planning Group Inc Adv has 0.14% invested in Verizon Communications Inc. (NYSE:VZ) for 6,159 shares. Cornerstone Advisors Incorporated has 56,000 shares. Thompson Davis Com reported 0.67% stake. Cambridge Investment Rech Advsr Inc holds 534,478 shares. Atlantic Tru Group Inc Limited Liability holds 0.09% in Verizon Communications Inc. (NYSE:VZ) or 261,443 shares. Fiera reported 54,401 shares or 0.02% of all its holdings. Centurylink Invest Comm holds 0.5% or 27,629 shares. State Farm Mutual Automobile Ins has invested 0.88% in Verizon Communications Inc. (NYSE:VZ).

Since February 14, 2017, it had 0 insider purchases, and 7 sales for $3.60 million activity. The insider Gurnani Roger sold 10,804 shares worth $543,385. The insider SILLIMAN CRAIG L. sold 610 shares worth $30,293. $1.61 million worth of Verizon Communications Inc. (NYSE:VZ) shares were sold by WALDEN MARNI M. Skiadas Anthony T also sold $603,134 worth of Verizon Communications Inc. (NYSE:VZ) on Tuesday, February 14.

Analysts expect Verizon Communications Inc. (NYSE:VZ) to report $0.98 EPS on July, 25.They anticipate $0.04 EPS change or 4.26 % from last quarter’s $0.94 EPS. VZ’s profit would be $4.00 billion giving it 11.14 P/E if the $0.98 EPS is correct. After having $0.95 EPS previously, Verizon Communications Inc.’s analysts see 3.16 % EPS growth. About 10.80M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since July 17, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 23 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 17 Hold. Therefore 26% are positive. Verizon Communications Inc. had 42 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, October 21, the company rating was maintained by Citigroup. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Friday, July 7 by RBC Capital Markets. The rating was maintained by Citigroup with “Neutral” on Monday, March 14. The firm has “Market Perform” rating given on Monday, January 23 by Wells Fargo. The firm has “Hold” rating given on Monday, September 7 by Zacks. FBR Capital downgraded Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, January 25. FBR Capital has “Mkt Perform” rating and $52 target. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Monday, January 25. RBC Capital Markets has “Outperform” rating and $50 target. The company was upgraded on Tuesday, January 3 by Citigroup. The rating was upgraded by Zacks on Friday, August 14 to “Hold”. The rating was downgraded by Argus Research on Friday, April 21 to “Hold”.

Verizon Communications Inc. is a holding company. The company has market cap of $178.39 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 14.54 P/E ratio. The Company’s divisions include Wireless and Wireline.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Nasdaq.com which released: “Is Verizon Communications (VZ) Eyeing Disney Takeover?” on July 03, 2017, also Marketwatch.com with their article: “Verizon CEO says company is not eyeing deal to buy Disney” published on July 12, 2017, Investorplace.com published: “VZ Stock – Verizon Communications Inc. Boring, but Safe” on July 12, 2017. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Nasdaq.com and their article: “Park National Corp Buys Verizon Communications Inc, Adient PLC, AT&T Inc …” published on July 03, 2017 as well as Fool.com‘s news article titled: “Better Buy: Verizon Communications Inc. vs. Philip Morris” with publication date: June 22, 2017.

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