Taking On Challenges And Growing? – Verizon Communications Inc (VZ)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. The current market capitalization of Verizon Communications Inc is $173.97B. A total of 10.25 million shares were traded on the day, compared to an average of 17.99M shares.

In the most recent transaction, Malady Kyle sold 24,000 shares of VZ for 40.80 per share on Feb 22 ’24. After the transaction, the EVP and Group CEO-VZ Business now owns 35,201 company shares. In a previous transaction on Feb 15 ’24, Malady Kyle sold 15,000 shares at 40.33 per share. VZ shares that EVP and Group CEO-VZ Business owns now total 59,201.

Among the insiders who sold shares, Silliman Craig L. disposed of 3,340 shares on Dec 11 ’23 at a per-share price of $38.29. This resulted in the EVP&Pres.-VZ Global Services holding 46,295 shares of VZ after the transaction. In another insider transaction, Silliman Craig L. sold 23,380 shares at $38.00 per share on Nov 30 ’23. Company shares held by the EVP&Pres.-VZ Global Services now total 49,635.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Verizon Communications Inc pays an annual dividend of $2.65, resulting in a dividend yield of 6.41%, and it has a price to earnings (P/E) ratio of 15.41. VZ’s most recent ex-dividend date was 7/10/2024 when it declared a $0.6650 quarterly dividend that was paid in cash on 8/1/2024. Previously, the company paid the dividend on 5/1/2024 with an ex-dividend date of 4/9/2024. The VZ stock dividend was $0.6650 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, VZ has a high of $43.42 and a low of $30.14.

As of this writing, VZ has an earnings estimate of $1.15 per share for the current quarter. EPS was calculated based on a consensus of 14.0 estimates, with a high estimate of $1.18 per share and a lower estimate of $1.13. The company reported an EPS of $1.21 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. VZ’s latest balance sheet shows that the firm has $2.92B in Cash & Short Term Investments as of fiscal 2021. There were $177.93B in debt and $47.16B in liabilities at the time. Its Book Value Per Share was $22.41, while its Total Shareholder’s Equity was $83.20B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VZ is Buy with a score of 3.71.

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