Analyst Earnings Estimates Review: Verizon Communications Inc. (VZ)

Lloyd Doyle
September 23, 2017

Intrepid Capital Management Inc acquired 23,000 shares as Verizon Communications Inc Com (VZ)'s stock declined 7.66%. The overall volume in the last trading session was 14.38 million shares. Verizon Communications Inc now has $200.46 billion valuation. Insiders sold 1,830 shares of company stock valued at $86,248 over the last three months. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since September 22, 2016 and is downtrending. It has underperformed by 25.18% the S&P500. Clearbridge Investments Lc reported 0.25% stake. Following the completion of the sale, the executive vice president now directly owns 7,819 shares of the company's stock, valued at $373,279.06. The Beta for the stock stands at 0.56. About 114,516 shares traded. Extreme Networks, Inc (EXTR) has risen 157.68% since September 21, 2016 and is uptrending. It has outperformed by 1.87% the S&P500. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 14% are positive. JAKKS Pacific had 13 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Monday, May 9 by Argus Research. Zacks Investment Research cut shares of Verizon Communications from a "hold" rating to a "sell" rating in a research note on Tuesday, June 20th. The firm has "Hold" rating by Cantor Fitzgerald given on Tuesday, June 20. As per Friday, July 7, the company rating was maintained by RBC Capital Markets. The firm has "Neutral" rating by JP Morgan given on Friday, August 14. The rating was maintained by Cowen & Co on Monday, September 18 with "Hold". The company was upgraded on Monday, October 24 by Drexel Hamilton. The company has market cap of $602.08 million. The stock now has a consensus recommendation of "Hold" and an average price objective of $53.00. Proficio Capital Partners LLC now owns 3,158 shares of the cell phone carrier's stock worth $142,000 after buying an additional 1,841 shares in the last quarter. Alphabet Inc was reduced too. 56 funds opened positions while 186 raised stakes. Sector Pension Board accumulated 465,332 shares. Ivory Inv Ltd invested in 0.59% or 352,336 shares. Camarda Advsr Ltd has invested 0% in Fiserv Inc (NASDAQ:FISV). (NYSE:VZ). Leisure Cap Mgmt holds 0.2% of its portfolio in Verizon Communications Inc. Webster Savings Bank N A holds 0.65% or 35,941 shares. British Columbia invested in 0.86% or 2.41 million shares. Cypress Group holds 0.11% or 4,000 shares in its portfolio.

Since March 27, 2017, it had 0 insider purchases, and 3 sales for $811,911 activity.

Investors and Traders continue to monitor technical levels of shares of Verizon Communications Inc. (NYSE:VZ) shares with value of $30,293 were sold by SILLIMAN CRAIG L. Verizon Communications's dividend payout ratio (DPR) is 59.23%. (NYSE:VZ) shares with value of $753,961 were sold by WALDEN MARNI M.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It dropped, as 90 investors sold VZ shares while 700 reduced holdings.


Other hedge funds and other institutional investors also recently made changes to their positions in the company.

Quite a few financial stock experts have published reports on VZ Stocks. The Q4 2017 consensus earnings estimates for the company have stabilized at US$0.9 per share. State Street Corp increased its position in Verizon Communications by 1.2% in the 1st quarter. (NYSE:VZ) for 244,649 shares. Sns Fin Limited Liability invested in 12,290 shares or 0.15% of the stock.

Analysts await Verizon Communications Inc. VZ's profit will be $4.00B for 12.61 P/E if the $0.98 EPS becomes a reality. Carlton Hofferkamp Jenks Wealth Ltd has invested 0.93% in Verizon Communications Inc. The company's revenue for the quarter was up.1% on a year-over-year basis. (NYSE:VZ) for 18.33 million shares. Centurylink Invest Mngmt Communication invested in 25,834 shares.

Several analysts recently weighed in on VZ shares. Finance Consulate Incorporated reported 10,913 shares stake. Cape Ann Fincl Bank holds 7,979 shares or 0.47% of its portfolio. (NYSE:VZ). Lowe Brockenbrough stated it has 49,566 shares. Analysts expect that Verizon Communications Inc. will post $3.78 earnings per share for the current year. (NYSE:VZ) on Sunday, September 17 with "Hold" rating. BidaskClub upgraded Verizon Communications from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. The stock of Verizon Communications Inc. (NYSE:VZ) earned "Buy" rating by Citigroup on Tuesday, January 3. FBR Capital maintained the stock with "Outperform" rating in Wednesday, October 21 report. Citigroup maintained the stock with "Neutral" rating in Wednesday, October 21 report. RBC Capital Markets maintained Verizon Communications Inc. (VZ) traded up 1.3278% during trading on Friday, hitting $49.5898. The firm has "Market Perform" rating by BMO Capital Markets given on Wednesday, July 26.

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