Verizon Communications Inc. (VZ) is currently priced at $47.17, reflecting a 0.159% increase from the previous close. The trading volume is $10.47 million, representing a 33.26% increase relative to the average.
The latest quarterly earnings report for VZ was released on Sunday, April 26th, with a consensus estimate EPS of 1.22.
VZ offers a forward dividend yield of 6% with a dividend per share MRQ of 69 cents. The dividend per share year-over-year has increased by 1.8622 cents to $3.44 TTM.
Barclays maintained VZ's grade at Equal-Weight on April 24th, suggesting a "hold" action with a price of $47.15 at the time of publication.
Verizon's cash flow indicates a net change of $11 billion, with operating cash flow at $9.11 billion. Noteworthy is the significant debt repayment of $10.49 billion.
VZ reported a revenue of $36.38 billion, generating a gross profit of $29.28 billion. The company achieved a net income of $2.34 billion, resulting in an EPS of 55 cents.
Key ratios for VZ include a net profit margin of 6.44%, return on equity at 2.24%, and a price-to-earnings ratio of 18.39.
Verizon's balance sheet highlights total assets of $404.26 billion, total liabilities of $298.52 billion, and a net debt of $181.55 billion.
This comprehensive overview showcases Verizon Communications Inc.'s current financial standing and performance in the market.
Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.