Verizon Communications moved -1.1% this afternoon session, trading between a high of $34.52 and a low of $33.7648 per share. Yesterday the stock finished at $34.18 per share, compared to an average analyst target price of $40.17.
Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. The large-cap telecommunications equipment company is based in the United States, and over the last twelve months it has returned a dividend yield of 7.6%. Verizon Communications has trailing twelve months earnings per share (EPS) of 5.0, which at today's prices amounts to a price to earnings (P/E) ratio of 6.8.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -13.41. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
---|---|---|---|---|
2023-02-10 | 136,835,000 | -59,133,000 | 56 | -1.75 |
2022-02-11 | 133,613,000 | -56,301,000 | 57 | -5.0 |
2021-02-25 | 128,292,000 | -51,201,000 | 60 | 5.26 |
2020-02-21 | 131,868,000 | -54,726,000 | 57 | 0.0 |
2019-02-15 | 130,863,000 | -55,508,000 | 57 | 0.0 |
2018-02-23 | 126,034,000 | -53,063,000 | 57 |
Verizon Communications's 57.3% average gross margins are thinner than the 53.85% average of the Communication Equipment industry, implying that the firm might be lacking in competitivity.