Verizon Communications moved 0.2% this overnight session, trading between a high of $38.88 and a low of $38.075 per share. Yesterday the stock finished at $38.42 per share, compared to an average analyst target price of $39.41.
Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. The large-cap telecommunications equipment company is based in the United States, and over the last twelve months it has returned a dividend yield of 6.8%. Verizon Communications has trailing twelve months earnings per share (EPS) of 4.97, which at today's prices amounts to a price to earnings (P/E) ratio of 7.7.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 15.4. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 134,095,000 | 104,593,000 | 22 | 0.0 |
| 2022 | 136,835,000 | 106,368,000 | 22 | -8.33 |
| 2021 | 133,613,000 | 101,165,000 | 24 | 9.09 |
| 2020 | 128,292,000 | 99,494,000 | 22 | -4.35 |
| 2019 | 131,868,000 | 101,490,000 | 23 | 35.29 |
| 2018 | 130,863,000 | 108,585,000 | 17 |
Verizon Communications's 21.7% average gross margins are thinner than the 53.85% average of the Communication Equipment industry, implying that the firm might be lacking in competitivity.
