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

July 17, 2017 - By Adrian Mccoy

 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 increased, 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.
Parametric Ltd Company holds 0.71% or 9.58M shares in its portfolio. Court Place Advsrs Ltd Liability Corp invested in 0.93% or 33,397 shares. Moreover, Regal Inv Advsr Limited Liability has 0.35% invested in Verizon Communications Inc. (NYSE:VZ) for 23,660 shares. Loudon Inv Management Ltd Limited Liability Company holds 7,228 shares. Amica Pension Fund Board Of Trustees invested in 139,489 shares. Synovus Financial owns 307,831 shares or 0.37% of their US portfolio. Tarbox Grp holds 1,214 shares. Woodstock Corp owns 160,297 shares. Japan-based Norinchukin Bank & Trust The has invested 0.6% in Verizon Communications Inc. (NYSE:VZ). Baxter Bros reported 37,837 shares. Park National Corporation Oh holds 192,182 shares. Round Table Services Ltd reported 4,868 shares. Moreover, Endurance Wealth Mngmt has 0.34% invested in Verizon Communications Inc. (NYSE:VZ) for 35,711 shares. Martin Inc Tn holds 0.98% or 56,458 shares. 326,539 were accumulated by Dupont Cap Mngmt Corp.

Since February 14, 2017, it had 0 buys, and 7 sales for $3.60 million activity. Shares for $30,293 were sold by SILLIMAN CRAIG L. on Monday, March 27. 32,254 Verizon Communications Inc. (NYSE:VZ) shares with value of $1.61M were sold by WALDEN MARNI M. 12,495 shares were sold by Skiadas Anthony T, worth $603,134. Shares for $543,385 were sold by Gurnani Roger.

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 10.80 million 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. On Wednesday, October 21 the stock rating was maintained by Scotia Capital with “Sector Outperform”. The firm has “Market Perform” rating by Wells Fargo given on Monday, January 23. The company was upgraded on Monday, October 24 by Drexel Hamilton. The firm has “Buy” rating by HSBC given on Thursday, January 19. Moffet Nathanson downgraded the stock to “Neutral” rating in Friday, April 1 report. The rating was downgraded by FBR Capital on Wednesday, January 25 to “Mkt Perform”. The rating was downgraded by Argus Research to “Hold” on Friday, April 21. Bernstein downgraded Verizon Communications Inc. (NYSE:VZ) on Thursday, April 7 to “Market Perform” rating. Hilliard Lyons downgraded the stock to “Neutral” rating in Wednesday, July 27 report. The company was maintained on Thursday, April 13 by Barclays Capital.

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: Fool.com which released: “Better Buy: Verizon Communications Inc. vs. Philip Morris” on June 22, 2017, also Bizjournals.com with their article: “Verizon unveils plans for new Hidden Ridge corporate magnet in Irving’s Las …” published on July 13, 2017, Marketwatch.com published: “Verizon CEO says company is not eyeing deal to buy Disney” 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 Nasdaq.com‘s news article titled: “Is Verizon Communications (VZ) Eyeing Disney Takeover?” with publication date: July 03, 2017.

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