Verizon Communications Inc. (VZ)
| Market Cap | 188.90B |
| Revenue (ttm) | 134.24B |
| Net Income (ttm) | 11.25B |
| Shares Out | 4.21B |
| EPS (ttm) | 2.66 |
| PE Ratio | 16.86 |
| Forward PE | 9.69 |
| Dividend | $2.71 (6.04%) |
| Ex-Dividend Date | Oct 10, 2024 |
| Volume | 13,397,231 |
| Open | 44.61 |
| Previous Close | 44.43 |
| Day's Range | 44.47 - 44.98 |
| 52-Week Range | 30.14 - 44.98 |
| Beta | 0.41 |
| Analysts | Buy |
| Price Target | 45.37 (+1.1%) |
| Earnings Date | Oct 22, 2024 |
About VZ
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadba... [Read more]
Financial Performance
In 2023, Verizon's revenue was $133.97 billion, a decrease of -2.09% compared to the previous year's $136.84 billion. Earnings were $11.61 billion, a decrease of -45.36%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for VZ stock is "Buy." The 12-month stock price forecast is $45.37, which is an increase of 1.10% from the latest price.
News
Verizon donates $25,000 to support wildfire relief efforts in Southern California
Funding supports communities hardest hit by the Line Fire, Bridge Fire and Airport Fire Funding supports communities hardest hit by the Line Fire, Bridge Fire and Airport Fire
Can You Hear Your Income Pouring In? - Verizon
I hate poor cell service. I love hearing my income pouring in. Verizon solves both problems simultaneously. Invest in boring income sources where others pay you without a second thought. Money can't b...
Verizon Business' award-winning Innovation Sessions head back to the nation's capital
What you need to know: Verizon Business in partnership with Ericsson will host its third Innovation Session of 2024 at Capital One Arena in Washington, D.C. on September 17 The session will feature pa...
Verizon expands 4G, 5G coverage in Savannah, GA
Chatham County, Savannah/Hilton Head International Airport see improved connectivity Chatham County, Savannah/Hilton Head International Airport see improved connectivity
A Lumen executive talks AI, Verizon's fiber deal — and meme-stock status
MarketWatch recently caught up with Lumen CFO Chris Stansbury, who discussed the opportunities ahead in AI and consumer fiber.
This 6.5% Dividend Star Is as RecessionProof as It Gets
With Fed Chair Jerome Powell very clearly signaling a rate cut of at least 25 basis points ahead of hisSeptember 17 conference—and possible as high as 50—you can find no shortage of stock market bulls...
Best Stocks to Buy for a Fed Rate Cut
The Federal Reserve is widely expected to start cutting interest rates at its next meeting and a lower federal funds rate could benefit these five stocks.
Verizon Frontline supports public safety agencies during national political convention
CHICAGO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of federal, state and local public safety agencies during the Democrat...
Verizon Frontline, Milwaukee PD partner to help ensure public safety during major political event
MILWAUKEE, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of the Milwaukee Police Department, one of the lead agencies respons...
Verizon puts price tag on buyouts and says nearly 5,000 employees are leaving
Verizon Communications Inc. said Thursday it expects charges of up to $1.9 billion in its third quarter in connection with employee buyouts.
Verizon to take up to $1.9 billion severance charge in third quarter
Verizon on Thursday said it expects to record a severance charge in the range of $1.7 billion to $1.9 billion in the third quarter as a result of a previously announced voluntary separation program.
Broadband industry quietly abandons Capitol Hill fight to revive low-income internet subsidy
Internet service providers like Charter, Verizon and Comcast are dialing back their support to extend the Affordable Connectivity Program, an expired federal internet subsidy for low-income households...
Dividend Income Summary: Lanny's August 2024 Summary
Investing in dividend stocks allows you to earn dividend income, the best passive income stream. In August, we (my wife and I) received a dividend income total of $1,415.47. 2023 was up 24%. Eight mon...
Verizon to offer all-new iPhone 16 lineup
NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Verizon will offer iPhone 16 and iPhone 16 Plus , built for Apple Intelligence1 with the all-new A18 chip, Camera Control, powerful upgrades to the advance...
Verizon: Another Harmful Dividend Hike
Verizon Communications Inc.'s focus on annual dividend hikes strains its balance sheet, adding $420 million in payouts over the lat two years. The $20 billion Frontier Communications acquisition incre...
Verizon Communications Inc. (VZ) Goldman Sachs Communacopia + Technology Conference (Transcript)
Verizon Communications Inc. (NYSE:VZ) Goldman Sachs Communacopia + Technology Conference September 9, 2024 11:50 AM ET Company Participants Hans Vestberg - CEO and Chairman Conference Call Participan...
Verizon: The Final Frontier
Verizon's acquisition of Frontier Communications for $20 billion aims to expand its fiber footprint and drive future premium mobility and broadband services. The deal, expected to close by early 2026,...
Dividend Increases Expected In September 2024
We anticipate six dividend increases in September 2024, based on the consistent history of these blue-chip stocks announcing annual increases in this month. Dividend growth is crucial for financial fr...
Verizon: Market Likely Overestimated Frontier Impacts
Verizon recently announced a $20B acquisition of Frontier Communications. Despite potential synergies, I believe the market's prevailing bullish rating overestimated the upside impacts of the deal. Fu...
Verizon's Dividend Risk Profile Increases After Frontier Acquisition
Verizon just announced a huge acquisition of Frontier Communications. While the deal offers some exciting market growth opportunities for Verizon, it also comes with some risks. We look at what factor...
FRONTIER COMMUNICATIONS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Frontier Communications Parent, Inc. - FYBR
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Frontier Communi...
What Verizon (VZ) & Frontier (FYBR) Merger Means for Telecom Outlook
Michael Hodel says the merger will not just expand network potential, but gives Verizon (VZ) a chance to show A.I.'s uses in telecom companies.
Verizon Acquires Frontier for $20 Billion as Connected Economy Evolves
The future of connectivity is the future of commerce, as well as payments and financial services. And with the Thursday (Sept.
Frontier Stock Shot Higher After Verizon's Bid. Which Telecom Could be Next?
Investors who missed out on the initial wave of gains, may now want to look at who the next potential beneficiary could be.