FY2019 EPS Estimates for Verizon Communications Inc. (NYSE:VZ) Raised by Oppenheimer
Verizon Communications Inc. (NYSE:VZ) – Equities researchers at Oppenheimer upped their FY2019 EPS estimates for Verizon Communications in a research note issued to investors on Friday, January 10th. Oppenheimer analyst T. Horan now forecasts that the cell phone carrier will earn $4.85 per share for the year, up from their prior estimate of $4.84. Oppenheimer also issued estimates for Verizon Communications’ FY2020 earnings at $5.01 EPS.
Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Friday, October 25th. The cell phone carrier reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.01. Verizon Communications had a return on equity of 34.50% and a net margin of 12.26%. The business had revenue of $32.89 billion for the q ...