Verizon quarterly profit rises, helped by tax reform

Cornelia Mascio
Gennaio 23, 2018

The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, January 23rd. Citizens & Northern Corp who had been investing in Verizon Communications for a number of months, seems to be bullish on the $216.21 billion market cap company. (EBAY) to grow. At recent closing price of $39.58, EBAY has a chance to add $0.63 or 1.59% in 52 weeks, based on mean target price ($40.21) placed by analysts.The analyst consensus opinion of 2.5 looks like a hold. Comparatively, the peers have a net margin 27.52%, and the sector's average is 23.73%.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Tuesday, January 23rd. It has underperformed by 25.18% the S&P500.

Monetary Management Group Inc decreased General Dynamics (GD) stake by 86.35% reported in 2017Q3 SEC filing. For all of 2017, net new prepaid additions came in at 2.1 million. The institutional investor held 1.28M shares of the package goods and cosmetics company at the end of 2017Q3, valued at $75.65 million, down from 1.34M at the end of the previous reported quarter. Partnervest Advisory Services Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $251.44 billion market cap company. Inc. now owns 8,506 shares of the cell phone carrier's stock valued at $380,000 after purchasing an additional 50 shares in the last quarter.

On 8/28/2017 Craig L Silliman, EVP, sold 610 with an average share price of $48.65 per share and the total transaction amounting to $29,676.50. General Dynamics Corporation (NYSE:GD) has risen 36.41% since January 23, 2017 and is uptrending. It has underperformed by 10.02% the S&P500. The analyst recommendations from a month ago are 7 Buy, 0 Overweight, 0 Sell, 23 Hold and 0 Underweight. Therefore 92% are positive. Unilever NV had 11 analyst reports since September 25, 2015 according to SRatingsIntel. The firm has "Buy" rating by RBC Capital Markets given on Friday, July 7. Piper Jaffray maintained the stock with "Buy" rating in Thursday, August 24 report. Cowen & Co maintained the stock with "Hold" rating in Friday, July 28 report. Finally, Carlson Capital Management purchased a new stake in shares of Verizon Communications during the second quarter worth $209,000. The company was downgraded on Friday, March 31 by Goldman Sachs. The rating was upgraded by Citigroup on Wednesday, August 31 to "Buy". HUNDMEJEAN MARTINA sold $11.83M worth of stock or 91,107 shares. 49,702 shares valued at $5.65M were sold by MAHON TULLIER KELLY on Friday, December 15. SANDERS WAYNE R also sold $2.14M worth of Texas Instruments Incorporated (NASDAQ:TXN) shares.

Analysts await Verizon Communications Inc.

Verizon said it expects low single-digit percentage growth in adjusted EPS, which includes the dilutive impacts from a full year of depreciation and amortization costs from 2017 acquisitions. CVX's profit will be $2.26B for 27.81 P/E if the $1.19 EPS becomes a reality.

On a GAAP basis, fourth-quarter EPS totaled $4.56, which included a net pretax loss of about $2.6 billion on special items, including a $1.2 billion adjustment of certain liabilities, early debt redemption charges of $681 million and a $671 million charge for "product realignment of early-stage developmental technologies", among other things.

Investors of record on Wednesday, January 10th will be issued a dividend of $0.59 per share. Private Wealth Advisors invested in 84,683 shares. 89 funds opened positions while 304 raised stakes. Alpine Woods Cap Invsts Lc reported 4,786 shares. 255.81 million shares or 0.28% less from 256.53 million shares in 2017Q2 were reported. Sfe Investment Counsel owns 4,265 shares or 0.21% of their U.S. portfolio. First Trust Ltd Partnership holds 0.41% or 3.24 million shares in its portfolio. Dubuque Natl Bank Tru Co owns 150 shares. (NYSE:VZ) is a huge mover today! Finally, Principal Financial Group Inc. lifted its stake in Verizon Communications by 52.6% in the second quarter.

Shares of Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 26% are positive. Verizon Communications Inc. had 64 analyst reports since July 22, 2015 according to SRatingsIntel. The company has market cap of $6.05 billion. Verizon Communications Inc now has $211.76B valuation.

ILLEGAL ACTIVITY WARNING: "Parkwood LLC Reduces Position in Verizon Communications Inc". Scotia Howard Weill raised Verizon Communications from a "sector perform" rating to a "sector outperform" rating in a report on Monday. That puts the market capitalization at $41.68 bln. Moffet Nathanson downgraded Verizon Communications Inc. The firm earned "Neutral" rating on Tuesday, April 5 by Macquarie Research. As per Tuesday, December 12, the company rating was upgraded by Nomura. The stock of General Dynamics Corporation (NYSE:GD) has "Buy" rating given on Wednesday, October 25 by Jefferies. The firm has "Hold" rating given on Friday, July 7 by RBC Capital Markets.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE