Verizon Communications Inc (VZ)’s latest performance is not what we had anticipated

November 20, 2023, Verizon Communications Inc (NYSE: VZ) trading session started at the price of $36.28, that was 1.38% jump from the session before. During the day, the shares moved up to $36.865 and dropped to $36.20 before settling in for the closing price of $36.23. A 52-week range for VZ has been $30.14 – $42.58.

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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 1.69%. When this article was written, the company’s average yearly earnings per share was at -9.02%. With a float of $4.20 billion, this company’s outstanding shares have now reached $4.20 billion.

The extent of productivity of a business whose workforce counts for 117100 workers is very important to gauge. In terms of profitability, gross margin is +44.29, operating margin of +22.27, and the pretax margin is +20.66.

Verizon Communications Inc (VZ) Insider Updates

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Verizon Communications Inc stocks. The insider ownership of Verizon Communications Inc is 0.04%, while institutional ownership is 62.09%. The most recent insider transaction that took place on Aug 11, was worth 418,023. In this transaction EVP & Chief HR Officer of this company sold 12,557 shares at a rate of $33.29, taking the stock ownership to the 0 shares. Before that another transaction happened on May 23, when Company’s EVP&Pres-Global Networks&Tech sold 7,585 for $36.30, making the entire transaction worth $275,336. This insider now owns 8,582 shares in total.

Verizon Communications Inc (VZ) Performance Highlights and Predictions

Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $1.12 earnings per share (EPS) during the time that was better than consensus figure (set at $1.08) by $0.04. This company achieved a net margin of +15.53 while generating a return on equity of 24.58. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.04 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -9.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.53% during the next five years compared to -7.23% drop over the previous five years of trading.

Verizon Communications Inc (NYSE: VZ) Trading Performance Indicators

You can see what Verizon Communications Inc (VZ) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. Likewise, its price to free cash flow for the trailing twelve months is 9.47.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.96, a number that is poised to hit 1.09 in the next quarter and is forecasted to reach 4.64 in one year’s time.

Technical Analysis of Verizon Communications Inc (VZ)

The latest stats from [Verizon Communications Inc, VZ] show that its last 5-days average volume of 19.53 million was inferior to 22.12 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 85.09%. Additionally, its Average True Range was 0.61.

During the past 100 days, Verizon Communications Inc’s (VZ) raw stochastic average was set at 87.41%, which indicates a significant decrease from 92.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.12% in the past 14 days, which was lower than the 28.24% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $33.55, while its 200-day Moving Average is $35.68. Now, the first resistance to watch is $37.00. This is followed by the second major resistance level at $37.26. The third major resistance level sits at $37.66. If the price goes on to break the first support level at $36.33, it is likely to go to the next support level at $35.93. Assuming the price breaks the second support level, the third support level stands at $35.67.

Verizon Communications Inc (NYSE: VZ) Key Stats

There are 4,204,102K outstanding shares of the company, which has a market capitalization of 154.42 billion. As of now, sales total 136,835 M while income totals 21,256 M. Its latest quarter income was 33,336 M while its last quarter net income were 4,762 M.


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