Verizon Communications Inc (NYSE:VZ) shares, rose in value on Friday, April 05, with the stock price down by -1.33% to the previous day’s close as strong demand from buyers drove the stock to $41.88.
Actively observing the price movement in the recent trading, the stock is buoying the session at $42.45. The value of beta (5-year monthly) is 0.39 whereas the PE ratio is 15.19 over 12-month period. Referring to stock’s 52-week performance, its high was $43.42, and the low was $30.14. On the whole, VZ has fluctuated by 4.90% over the past month.
With the market capitalization of Verizon Communications Inc currently standing at about $176.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 22, 2024. The company’s Forward Dividend Ratio is 2.63, with its dividend yield at 6.29%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.03, which is expected to increase to $1.1 for fiscal year $4.23 and then to about $4.34 by fiscal year 2025. Data indicates that the EPS growth is expected to be -2.80% in 2025, while the next year’s EPS growth is forecast to be 2.60%.
Analysts have estimated the company’s revenue for the quarter at $30.74 billion, with a low estimate of $30.41 billion and a high estimate of $31.01 billion. According to the average forecast, sales growth in current quarter could jump down -6.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $125.29 billion, representing an increase of 1.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that VZ’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 10.96, with the price of VZ currently trading nearly 2.78% and 2.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.68, while the 7-day volatility ratio is showing 1.47% which for the 30-day chart, stands at 1.44%. Furthermore, Verizon Communications Inc (VZ)’s beta value is 0.39, and its average true range (ATR) is 0.66.
A comparison of Verizon Communications Inc (VZ) with its peers suggests the former has fared considerably weaker in the market. VZ showed an intraday change of -1.33% in today’s session so far, and over the past year, it grew by 5.64%%.
Data on historical trading for Verizon Communications Inc (NYSE:VZ) indicates that the trading volumes over the past 10 days have averaged 17.81 million and over the past 3 months, they’ve averaged 19.90 million. According to company’s latest data on outstanding shares, there are 4.20 billion shares outstanding.
Nearly 0.04% of Verizon Communications Inc’s shares belong to company insiders and institutional investors own 63.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 54.27 million shares as on Mar 15, 2024, resulting in a short ratio of 3.01. According to the data, the short interest in Verizon Communications Inc (VZ) stood at 1.29% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 54.41 million. The stock has risen by 11.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VZ stock heading into the next quarter.
