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In the closing of the recent trading day, Verizon Communications (VZ) stood at $39.78, denoting a -0.82% change from the preceding trading day.
On a rather dismal day in the stock market, Verizon (NYSE: VZ ) stock closed up roughly 1% as the deadline for the Verizon class-action settlement looms near. Today is the deadline for any eligible customers (those who were Verizon customers between 2016 and 2023) to claim a piece of the $100 million settlement the telecom giant agreed to pay.
Verizon (VZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
VZ has had an impressive recovery in the stock prices since the October 2023 bottom, implying the bottomed market sentiments surrounding telecom stocks. Its dividend investment thesis remains robust, thanks to the promising FY2024 Free Cash Flow guidance with the peak 5G capex well behind us. VZ currently yields 6.62%, more compelling than the US Treasury, highlighting its still attractive dividend investment thesis.
Wireless behemoth Verizon is slated to report its Q1 2024 results on April 22. We estimate that revenues will come in at about $33.3 billion for the quarter, in line with consensus estimates and down 1% compared to last year.
NASA utilizes Verizon's (VZ) network solution to enhance its video and broadcast applications.
Verizon (VZ) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Verizon Communications offers a well-covered 6% yield, making it a good choice for retirees relying on growing dividend income. The low dividend pay-out ratio leaves room for dividend growth in 2024 and provides a high margin of safety. The company's robust subscriber growth in the broadband business and low earnings multiple make it an attractive option for passive income investors.
Verizon (VZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.