On Friday, Verizon Communications Inc (NYSE: VZ) opened lower -1.15% from the last session, before settling in for the closing price of $41.86. Price fluctuations for VZ have ranged from $33.34 to $45.36 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 0.50% over the last five years. Company’s average yearly earnings per share was noted -2.64% at the time writing. With a float of $4.21 billion, this company’s outstanding shares have now reached $4.21 billion.
The firm has a total of 105400 workers. Let’s measure their productivity. In terms of profitability, gross margin is 56.62%, operating margin of 16.29%, and the pretax margin is 10.87%.
Verizon Communications Inc (VZ) Insider Activity
A key investor’s attitude towards the stock of the Telecom Services industry is another important factor to consider. The insider ownership of Verizon Communications Inc is 0.04%, while institutional ownership is 64.41%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 1.08 earnings per share (EPS) for the quarter, besting the agreed prediction (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 -2.64% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.00% 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
Check out the current performance indicators for Verizon Communications Inc (VZ). In the past quarter, the stock posted a quick ratio of 0.57. 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 9.40.
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 4.73 in one year’s time.
Technical Analysis of Verizon Communications Inc (VZ)
Analysing the last 5-days average volume posted by the [Verizon Communications Inc, VZ], we can find that recorded value of 26.35 million was better than the volume posted last year of 18.61 million. As of the previous 9 days, the stock’s Stochastic %D was 37.20%. Additionally, its Average True Range was 0.86.
During the past 100 days, Verizon Communications Inc’s (VZ) raw stochastic average was set at 40.24%, which indicates a significant increase from 18.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.31% in the past 14 days, which was higher than the 22.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.08, while its 200-day Moving Average is $41.11. Now, the first resistance to watch is $41.92. This is followed by the second major resistance level at $42.45. The third major resistance level sits at $42.73. If the price goes on to break the first support level at $41.11, it is likely to go to the next support level at $40.83. Should the price break the second support level, the third support level stands at $40.30.
Verizon Communications Inc (NYSE: VZ) Key Stats
There are currently 4,209,255K shares outstanding in the company with a market cap of 174.19 billion. Presently, the company’s annual sales total 133,974 M according to its annual income of 11,614 M. Last quarter, the company’s sales amounted to 33,330 M and its income totaled 3,306 M.
