Verizon Q1: The More It Drops, The More I'll Buy [Seeking Alpha]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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verizon.com/about/investors
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Source: Seeking Alpha
The broadband business is a strong driver of growth for Verizon, with continual subscriber momentum. Verizon's valuation is attractive, with a competitive P/E ratio and a growing dividend, making it appealing for dividend investors. Verizon Telecommunications ( NYSE: VZ ) submitted a better than expected earnings sheet for the first fiscal quarter last week, which included an EPS beat and strong free cash flow. The broadband business continued to shine in the first-quarter, and Verizon is therefore very likely to continue to grow its dividend this year. Verizon, however, needs to follow in the footsteps of AT&T ( T ) and repay more debt in order to lower its leverage. Lowering the debt burden could also be a powerful catalyst that allows for a revaluation of the telecom's shares to take place. With a low valuation based off of earnings, I believe the value proposition for dividend investors especially is a very good one! Previous rating I previously rated Verizon a buy after
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VZ
News
- David B. Dorwart Re-Elected As National Lifeline Association's Board Chairman [Yahoo! Finance]Yahoo! Finance
- LoRaWAN® Network Flexibility Is Key to Enabling Massive IoT; LoRa Alliance® Expands Expertise with New Board Members from Verizon and Helium Foundation [Yahoo! Finance]Yahoo! Finance
- Verizon (VZ) Enhances Customer Service With GenAI Integration [Yahoo! Finance]Yahoo! Finance
- SureCall Introduces Game-Changing SpeedLink 5G C-Band Signal Booster [Yahoo! Finance]Yahoo! Finance
- Verizon Sees AI as ‘Next Growth Machine' for Internet Demand [Yahoo! Finance Canada]Yahoo! Finance Canada
VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 5/13/24 - Form 8-K
- 5/13/24 - Form 424B2
- 5/13/24 - Form 424B2
- VZ's page on the SEC website