One Reason Why Verizon (VZ) Stock Is Down Today Verizon (VZ) stock is lower in mid-afternoon trading on Monday as its biggest labor union will go on a strike on Wednesday if its demands aren't met by then. Rachel Graf Apr 11, 2016 2:36 PM EDT
Full Answer
Why is Verizon stock doing so poorly?
Visible is just one of Verizon’s prepaid brands, and it’s trying to dramatically increase its presence in prepaid with the acquisition of TracFone, the largest MVNO serving the prepaid space in the U.S.
Why you should invest in Verizon?
While VZ stock has consistently underperformed the S&P 500, Verizon stock often attracts income-oriented investors owing to its dividend. If 5G wireless services reignite earnings and revenue growth, however, Verizon stock might have much greater appeal.
Why you should buy Verizon?
- The ESN is clean & clear to activate
- The phone has been fully tested to work
- The phone comes with a battery and home wall charger
- A warranty is included in case it doesn't work out
Is Verizon stock going to split?
Verizon Communications (VZ) has 6 splits in our Verizon Communications stock split history database. This was a 2 for 1 split, meaning for each share of VZ owned pre-split, the shareholder now owned 2 shares. Read, more on it here. Thereof, what stocks are going to split in 2020? Splits for April 2020.
Why has Verizon stock gone down?
Verizon stock fell after the telecom giant reported first quarter earnings and lowered expectations for this year.
Is Verizon a Buy Sell or Hold?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is Verizon a good stock to buy 2022?
The same holds for 2022 adjusted earnings per share in the range of $5.40 to $5.55. Verizon stock had returned 8.4% including dividends in 2022 through Thursday's close, versus a 7.4% loss for the S&P 500. The stock has an annual dividend yield of 4.7%.
What is the prediction for Verizon stock?
Stock Price Forecast The 22 analysts offering 12-month price forecasts for Verizon Communications Inc have a median target of 57.00, with a high estimate of 71.00 and a low estimate of 49.30. The median estimate represents a +11.11% increase from the last price of 51.30.
Is Verizon a good long term stock?
VZ Dividend Is Safe Verizon stands out with its 5.6% dividend yield which is one of the largest among S&P 500 companies. The company last hiked the quarterly rate in Q3 2021 to the current $0.64 per share, the 15th consecutive annual increase.
Is Verizon stock a buy now?
VZ currently trades for $53.53 a share. The average 12-month price target of the 15 analysts rating the company is $59.20. The price target of the three analysts that rated the stock following the most recent quarterly report is $58.00. Verizon's forward P/E is 9.97x, about two points below the 5-year average P/E.
Is Verizon a blue chip stock?
10 of the best blue-chip stocks to buy for 2022: Verizon Communications Inc. (VZ) Walmart Inc.
Did Buffett sell Verizon?
Berkshire Hathaway bought stakes in Citigroup, Paramount Global, and Markel in the first quarter, while nearly eliminating an interest in Verizon Communications, according to a filing late Monday.
Is Verizon good dividend stock?
Morningstar's analyst expects the company to deliver consistent results over time—and the stock is undervalued, too.
Is Verizon a good company?
Verizon is recognized as one of the Top-Rated Workplaces.
How many times has Verizon stock split?
Verizon Communications (VZ) has 6 splits in our Verizon Communications stock split history database.
How often does Verizon dividend?
quarterly(NYSE, Nasdaq: VZ) today declared a quarterly dividend of 64 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2021, to Verizon shareholders of record at the close of business on October 8, 2021.
Is Verizon stock a Buy, Sell or Hold?
Verizon stock has received a consensus rating of hold. The average rating score is Baa1 and is based on 2 buy ratings, 10 hold ratings, and 1 sell...
What was the 52-week low for Verizon stock?
The low in the last 52 weeks of Verizon stock was 45.55. According to the current price, Verizon is 111.26% away from the 52-week low.
What was the 52-week high for Verizon stock?
The high in the last 52 weeks of Verizon stock was 57.61. According to the current price, Verizon is 87.97% away from the 52-week high.
What are analysts forecasts for Verizon stock?
The 13 analysts offering price forecasts for Verizon have a median target of 58.00, with a high estimate of 64.00 and a low estimate of 44.00. The...
What is Huawei suing Verizon?
District courts in Texas, alleging the company used a dozen Huawei patents without authorization in areas such as computer networking, download security, and video communications, seeking an unspecified amount of compensation and royalty payments. Verizon last year called the lawsuits "nothing more than a PR stunt" and "a sneak attack on our company and the entire tech ecosystem" and filed counterclaims against Huawei, claiming the Chinese company violated Verizon patents.
Who owns Yahoo branding rights?
Verizon (VZ) has agreed to sell the rights to Yahoo branding and technology in Japan to Softbank's (SFTBY) Z Holdings Corporation (ZHD Group). The transaction is expected to generate 178.5 billion yen ($1.61 billion) for Verizon. The deal with ZHD Group comes after the telecom giant agreed to sell its Verizon Media division, which houses the Yahoo business. That transaction is expected to close in the second half of 2021. (See Verizon stock chart on TipRanks). ZHD Group has been making royalty p
When did the S&P 500 bottom out?
The past 16 months has been incredible for stock market investors. Since bottoming out on March 23, 2020, the S&P 500 Index, a great proxy for the U.S. stock market, has gained over 101% in total returns, more than doubling in value over that period.
Is Verizon offering 5G?
It has also agreed to offer 5G service to Lifeline customers within six months of the acquisition deal’s closing. Lifeline is a federal grant for low-income phone users. The Communications Workers of America union and other public-interest groups have disparaged the proposed merger partners for n
How much will Verizon revenue grow in 2021?
Verizon forecast revenue growth of 2% in 2021, in line with prior guidance. That will increase to 3% growth in 2022 and 2023, the company said. Now that Verizon owns sufficient 5G mid-band spectrum, its network build-out will be key.
When will Verizon 5G service be available?
The telecom said its fixed broadband service to reach 30 million homes by the end of 2023. Verizon expects 5G business services to gain momentum in 2022. It's investing in "mobile-edge compute" sites that provide private 5G business services.
Who bought Tracfone?
In a big move, Verizon on Sept. 14 agreed to buy prepaid wireless service provider Tracfone from Mexico-based America Movil ( AMX) for $6.25 billion in cash and stock. Federal regulators are still reviewing the proposed deal.
Does Verizon have a streaming service?
New York-based Verizon has partnered with Walt Disney ( DIS) in video streaming services. Disney and Verizon in August expanded their streaming partnership to include Hulu and ESPN+. Verizon has also partnered for Apple ( AAPL) Music services and with sports leagues.
Does Verizon have unlimited data?
In addition, Verizon said 5G mobile services will result in more consumers upgrading to unlimited monthly data plans. Currently, 61% of consumer subscribers have unlimited data plans, up from 40% in 2018.
Does T Mobile own Sprint?
T-Mobile US 's ( TMUS) acquisition of Sprint created a stronger rival to Verizon Communications ( VZ) and AT&T ( T ). T-Mobile owns the most radio spectrum for 5G wireless services. In addition, AT&T recently agreed to merge its WarnerMedia business with Discovery ( DISCA ).
Is T Mobile going to have 5G?
T-Mobile is expected to ramp up 5G promotions with the arrival of Apple 's ( AAPL) iPhone 13 models. VZ stock on May 3 sold a 90% stake in its media and advertising business to Apollo Global Management for $5 billion. In addition, Verizon stock emerged as the top bidder in a recent government auction of mid-band radio spectrum.
Net Income
On a GAAP basis, net income for the June quarter improved to $5,949 million or $1.40 per share from $4,839 million or $1.13 per share in the prior-year quarter buoyed by healthy top-line growth. Excluding non-recurring items, non-GAAP net income for the reported quarter was $1.37 per share, which surpassed the Zacks Consensus Estimate by 7 cents.
Revenues
Total quarterly operating revenues increased 10.9% year over year to $33,764 million with growth across all the business segments.
Segment Results
Consumer: Total revenues from this segment increased 11.2% year over year to $23,477 million owing to solid wireless equipment revenues due to high activation levels. Service revenues were up 5.1% to $16,709 million while wireless equipment revenues surged 47.7% to $4,739 million due to higher work-from-home-driven customer activities.
Other Details
Total operating expenses increased 10.9% year over year to $25,599 million due to high infrastructure investments, while operating income increased 10.9% year over year to $8,165 million owing to higher revenues. Adjusted EBITDA improved to $12,185 million from $11,542 million for respective margins of 36.1% and 37.9%.
Cash Flow & Liquidity
For the first six months of 2021, Verizon generated $20,438 million of net cash from operating activities compared with $23,552 million in the year-ago period. Free cash flow (non-GAAP) for the first half of 2021 was $11,722 million, down from $13,702 million in the prior-year period.
Guidance Up
With strong first-half performance and healthy growth momentum, Verizon revised its earlier guidance for 2021 to better reflect the improving business conditions. The company presently expects adjusted earnings in the range of $5.25 to $5.35 per share, up from earlier projections of $5.00 to $5.15.
