Added to YB: 2024-06-27
Pitch date: 2024-06-26
VZ [bullish]
Verizon Communications Inc.
+10.03%
current return
Author Info
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Company Info
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.
Market Cap
$174.1B
Pitch Price
$37.16
Price Target
N/A
Dividend
6.68%
EV/EBITDA
6.12
P/E
8.81
EV/Sales
2.49
Sector
Diversified Telecommunication Services
Category
dividend
3 Dividend Growth Stocks To Buy: Verizon Communications Inc.
VZ: Telecom giant, $170B mkt cap. Q1: Rev +0.3% to $33B, EPS $1.15 (-4.2% YoY but beat est). Wireless rev +3.3%, Consumer +0.8%. 389K new broadband customers. 4% 10-yr EPS CAGR, 2-3% forward growth. Key advantage: best US wireless carrier. FCF +17.4% YoY to $2.7B. 2024 guidance: 2-3.5% wireless rev growth, $4.50-$4.70 EPS. 19-yr dividend growth, 6.6% yield, 58% payout ratio.
Read full article (2 min)