Verizon Communications Inc (NYSE: VZ) on Tuesday, plunged -5.03% from the previous trading day, before settling in for the closing price of $43.70. Within the past 52 weeks, VZ’s price has moved between $31.26 and $45.36.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 0.50%. The company achieved an average annual earnings per share of -2.52%. With a float of $4.21 billion, this company’s outstanding shares have now reached $4.21 billion.
Let’s determine the extent of company efficiency that accounts for 105400 employees. In terms of profitability, gross margin is 59.8%, operating margin of 17.44%, and the pretax margin is 12.28%.
Verizon Communications Inc (VZ) Breakdown of a Key Holders of the stock
Observing investor behavior towards Telecom Services industry stocks is more important than anything else. The insider ownership of Verizon Communications Inc is 0.04%, while institutional ownership is 64.33%. The most recent insider transaction that took place on Oct 01 ’24, was worth 416,285. Before that another transaction happened on Sep 03 ’24, when Company’s Officer proposed sale 9,259 for $41.99, making the entire transaction worth $388,785.
Verizon Communications Inc (VZ) Recent Fiscal highlights
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.08 earnings per share (EPS) for the period topping the consensus outlook (set at 1.07) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.89% during the next five years compared to -6.03% drop over the previous five years of trading.
Verizon Communications Inc (NYSE: VZ) Trading Performance Indicators
Verizon Communications Inc (VZ) is currently performing well based on its current performance indicators. A quick ratio of 0.62 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.30. Likewise, its price to free cash flow for the trailing twelve months is 9.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.32, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 4.71 in one year’s time.
Technical Analysis of Verizon Communications Inc (VZ)
Looking closely at Verizon Communications Inc (NYSE: VZ), its last 5-days average volume was 18.88 million, which is a jump from its year-to-date volume of 18.54 million. As of the previous 9 days, the stock’s Stochastic %D was 55.29%. Additionally, its Average True Range was 0.79.
During the past 100 days, Verizon Communications Inc’s (VZ) raw stochastic average was set at 42.04%, which indicates a significant increase from 17.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.56% in the past 14 days, which was higher than the 21.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.99, while its 200-day Moving Average is $41.07. However, in the short run, Verizon Communications Inc’s stock first resistance to watch stands at $42.51. Second resistance stands at $43.52. The third major resistance level sits at $44.40. If the price goes on to break the first support level at $40.62, it is likely to go to the next support level at $39.74. Now, if the price goes above the second support level, the third support stands at $38.73.
Verizon Communications Inc (NYSE: VZ) Key Stats
Market capitalization of the company is 174.70 billion based on 4,209,255K outstanding shares. Right now, sales total 133,974 M and income totals 11,614 M. The company made 32,796 M in profit during its latest quarter, and 4,593 M in sales during its previous quarter.
