Verizon Communications Inc. (VZ) Releases Earnings Results, Misses Estimates By $0.03 EPS

Verizon has started conducting 5G wireless network trials in 11 USA cities and plans to deploy its fixed wireless version in 2018. That figure rose to net adds of 109,000 after it launched the unlimited offering, stemming customer losses.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Tuesday, January 24th. (NYSE:VZ). Burns J W And Comm reported 1.41% stake. (NYSE:VZ), 6 have Buy rating, 0 Sell and 15 Hold. The count of Hold ratings in that period was 2.

02/13/2017 - Verizon Communications Inc. had its "market perform" rating reiterated by analysts at Wells Fargo.

Verizon Communications Inc.'s P/B is valued at 8.81 exhibiting the investor sentiment on the value of the stock to its actual value. (NYSE:VZ), 4 have pegged the stock as a Strong Buy while 1 analysts have rated the stock a Buy. Vetr cut Verizon Communications from a buy rating to a hold rating and set a $52.38 price target for the company.in a report on Monday, January 2nd. Partner Solutions revenues dropped 2.8% to $1,256 million. Company insiders own 0.10% of the company's stock. The stock's market capitalization is 200.66B.

The company has a 50 day moving average of 49.48 and a 200 day moving average of 50.07.

Verizon Communications Inc.is a holding company. Imagine being in the first wave of investors to jump on a company with nearly unlimited growth potential?

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Tuesday, January 24th. A month ago, analyst EPS consensus estimated earnings of US$0.99 per share. Verizon Communications had a net margin of 10.42% and a return on equity of 72.75%.

Total operating revenue fell to US$29.81 billion for the fourth straight quarter from US$32.17 billion a year earlier. The company has a 1 Year high price target of $51.55. Before that point, Verizon had lost an astonishing 398,000 subscribers through only the first half of the quarter.

Tesla Recalls 53k Cars For Parking Brake Problem
But Tesla adds that, is "in order to be cautious" it is acting proactive I replacing the parts to head off any potential issues. The company announced the recall on its website, noting that a the issue "could prevent the parking brake from releasing".

On average, analysts expect that Verizon Communications will report full-year earnings of $3.84 per share for the current year, with EPS estimates ranging from $3.64 to $4.01. Stockholders of record on Monday, April 10th will be paid a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Friday, January 6th. Verizon Communications's payout ratio is 71.74%.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. A total of 9.49M shares exchanged hands, whereas the company's average trading volume stands at 12.61M shares.

Several sell side analysts reviewed their recommendations on Verizon Communications Inc. Following the completion of the transaction, the executive vice president now owns 63,734 shares in the company, valued at approximately $3,205,182.86. The disclosure for this sale can be found here.

Institutional investors have recently bought and sold shares of the company.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, VZ earned gross profit of 77.15 Billion, in 2015 79.06 Billion gross profit, while in 2016 Verizon Communications Inc. Lowe fs LLC now owns 2,426 shares of the cell phone carrier's stock worth $126,000 after buying an additional 70 shares during the period. Guidant Wealth Advisors purchased a new position in shares of Verizon Communications during the third quarter worth $107,000. Wall Street Access Asset Management LLC now owns 24,269 shares of the cell phone carrier's stock valued at $1,295,000 after buying an additional 17,900 shares during the last quarter. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. Finally, Private Trust Co. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc.in June 2000.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

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