Last Friday, Verizon reported strong quarterly numbers powered by healthy user growth. Despite a massive debt load, Verizon's utility-like cash flow generation and undervaluation make it a solid buy, with a 5-year price target of $80.64 [expected CAGR return of 15.3%]. Given improving business trends, positive growth forecasts, balance sheet deleveraging, and attractive dividend yield, I am upgrading Verizon to a "Buy" rating.
After years of struggle, Verizon's NYSE: VZ turnaround is gaining traction and driving shareholder value. Its push to build the most substantial 5G network in North America is paying off with increased share, penetration, and customer satisfaction, keeping it on track for sustained growth.
Verizon (VZ 0.92%) pays a monster dividend. At 6.8%, it's one of the 10 highest-yielding dividend stocks in the S&P 500.
Verizon (VZ 1.31%) stock is climbing Friday following the company's fourth-quarter earnings release. The telecom company's share price was up 1.3% as of 12:15 p.m.
Verizon Communications Inc. (VZ) Q4 2024 Earnings Call Transcript
Healthy wireless subscriber additions and broadband growth help Verizon beat fourth-quarter 2024 earnings estimates.
Although the revenue and EPS for Verizon (VZ) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Verizon's Q4 results were strong, with revenue and customer additions surpassing expectations, reinforcing our buy recommendation after the recent dip. Despite higher operating expenses, EPS met consensus at $1.10, and free cash flow was robust at $5.4 billion, ensuring dividend safety. Significant debt reduction to $113.6 billion is a bullish sign, though 2025 free cash flow guidance is slightly lower than 2024.
U.S. stocks traded mixed this morning, with the Dow Jones index falling over 50 points on Friday.
Telecommunications giant Verizon Communications (VZ 1.75%) reported fourth-quarter and full-year 2024 earnings on Friday, Jan. 24, that topped analysts consensus estimates. Adjusted earnings per share (EPS) of $1.10 came in slightly above the forecasted $1.09.
Verizon Communications (VZ) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.08 per share a year ago.
Verizon Communications Inc VZ stock reported fiscal fourth-quarter results Friday.