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Verizon Communications (VZ)

(Delayed Data from NYSE)

$39.22 USD

39.22
16,536,051

-0.27 (-0.68%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $39.10 -0.12 (-0.31%) 6:02 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value D Growth A Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 25% (189 out of 251)

Industry: Wireless National

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Balance Sheet

Research for VZ

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Verizon Communications Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 2,065 2,605 2,921 22,171 2,594
Receivables 25,085 24,506 23,846 23,917 25,429
Notes Receivable 0 0 0 0 0
Inventories 2,057 2,388 3,055 1,796 1,422
Other Current Assets 7,607 8,358 6,906 6,710 8,028
Total Current Assets 36,814 37,857 36,728 54,594 37,473
Net Property & Equipment 108,310 107,434 99,696 94,833 91,915
Investments & Advances 953 1,071 1,061 589 558
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 189,567 189,928 187,899 130,283 128,946
Deposits & Other Assets 19,885 17,260 13,329 13,651 10,141
Total Assets 380,255 379,680 366,596 316,481 291,727
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 23,453 23,977 24,833 20,658 21,806
Current Portion Long-Term Debt 12,973 9,963 7,443 5,889 10,777
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 12,531 12,097 11,025 9,628 9,024
Total Current Liabilities 53,223 50,171 47,160 39,660 44,868
Mortgages 0 0 0 0 0
Deferred Taxes/Income 45,781 43,441 40,685 35,711 34,703
Convertible Debt 0 0 0 0 0
Long-Term Debt 137,701 140,676 143,425 123,173 100,712
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 29,749 31,371 28,923 30,665 30,216
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 286,456 287,217 283,396 247,209 228,892
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 429 429 429 429 429
Capital Surplus 13,631 13,420 13,861 13,404 13,419
Retained Earnings 82,915 82,380 71,993 60,464 53,147
Other Equity 645 247 1,021 1,694 2,660
Treasury Stock 3,821 4,013 4,104 6,719 6,820
Total Shareholder's Equity 93,799 92,463 83,200 69,272 62,835
Total Liabilities & Shareholder's Equity 380,255 379,680 366,596 316,481 291,727
Total Common Equity 93,799 92,463 83,200 69,272 62,835
Shares Outstanding 4,204.10 4,199.82 4,197.70 4,138.10 4,135.70
Book Value Per Share 22.31 22.02 19.82 16.74 15.19

Fiscal Year End for Verizon Communications Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -97,634 2,065 4,210 4,803 2,234
Receivables 25,319 25,085 23,602 23,186 22,856
Notes Receivable NA 0 0 0 0
Inventories 2,076 2,057 2,240 1,896 2,381
Other Current Assets 8,197 7,607 8,067 7,503 8,251
Total Current Assets 37,957 36,814 38,119 37,388 35,722
Net Property & Equipment 107,863 108,310 107,490 107,270 106,987
Investments & Advances 941 953 929 1,015 1,052
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles 189,788 189,567 195,059 191,081 190,405
Deposits & Other Assets 19,258 19,885 18,147 17,856 17,603
Total Assets 380,158 380,255 384,830 379,955 377,716
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable 20,139 23,453 26,140 20,067 19,273
Current Portion Long-Term Debt 15,594 12,973 12,950 14,827 12,081
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities 13,616 12,531 12,681 12,299 12,237
Total Current Liabilities 53,631 53,223 55,677 51,404 47,768
Mortgages NA 0 0 0 0
Deferred Taxes/Income 45,980 45,781 44,434 44,055 43,667
Convertible Debt NA 0 0 0 0
Long-Term Debt 136,104 137,701 134,441 137,871 140,772
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 29,063 30,417 29,378 29,987
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 284,432 286,456 285,742 283,453 283,497
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) 429 429 429 429 429
Capital Surplus 13,571 13,631 13,524 13,523 13,523
Retained Earnings 84,714 82,915 88,416 86,448 84,543
Other Equity 614 645 547 -68 -444
Treasury Stock 3,602 3,821 3,828 3,830 3,832
Total Shareholder's Equity 95,726 93,799 99,088 96,502 94,219
Total Liabilities & Shareholder's Equity 380,158 380,255 384,830 379,955 377,716
Total Common Equity 195,725 93,799 99,088 96,502 94,219
Shares Outstanding 4,204.27 4,204.10 4,204.10 4,204.00 4,199.80
Book Value Per Share 46.55 22.31 23.57 22.95 22.43