Shares of Verizon Communications Inc. (NYSE:VZ) were under pressure in early trading on Tuesday, after declining more than 6% following the company's second-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
- RBC Capital Markets analyst Jonathan Atkin reiterated a Sector Perform rating and price target of $42.
- KeyBanc Capital Markets analyst Brandon Nispel maintained an Overweight rating and price target of $46.
Check out other analyst stock ratings.
RBC Capital Markets: Verizon reported its quarterly revenues and EBITDA broadly in-line with consensus, Atkin said in a note. FCF delivered a beat on the timing of capex. While adjusted earnings of $1.15 per share matched expectations, free cash flows of $5.8 billion surpassed consensus of $5.4 billion "on the timing of capex," he added.
Verizon's retail postpaid net adds declined by 8,000, which appeared close to consensus of a decline of 7,000, the reported number of around 110,000 second-number subscribers, versus around 30,000 in the first quarter, the analyst stated. "FWA growth continued with 378K additions, aided by C-Band deployment to new markets," he further wrote.
KeyBanc Capital Markets: The stock's selloff after Verizon's earnings release seems "unjustified," Nispel said. He added that the company's VCG postpaid phone net adds are improving year-on-year, even after excluding second-number subscribers.
"In addition, VZ's Broadband growth continues to be close to the best in the industry," the analyst stated. "We see the potential for VZ to come toward the high end of guidance for Wireless Service revenue and Adj. EBITDA and find the stock attractive," he further wrote.
VZ Price Action: Shares of Verizon Communications had declined by 0.28% to $38.98 at the time of publication on Tuesday.
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威瑞森通讯公司(纽约证券交易所代码:VZ)的股价在周二早盘交易中承压,该公司公布第二季度业绩后下跌了6%以上。
业绩是在激动人心的财报季中公布的。以下是一些重要的分析师要点。
- 加拿大皇家银行资本市场分析师乔纳森·阿特金重申了42美元的行业表现评级和目标股价。
- KeyBanc资本市场分析师布兰登·尼斯佩尔维持增持评级和46美元的目标股价。
查看其他分析师股票评级。
加拿大皇家银行资本市场:阿特金在一份报告中表示,威瑞森公布的季度收入和息税折旧摊销前利润基本符合市场共识。FCF在资本支出时机方面表现优异。他补充说,尽管调整后的每股收益为1.15美元,符合预期,但 “在资本支出时机”,58亿美元的自由现金流超过了预期的54亿美元。
该分析师表示,威瑞森的零售后付费净增量下降了8,000人,似乎接近共识,下降了7,000人,报告的第二名订户数量约为11万人,而第一季度约为3万人。他进一步写道:“在C-Band向新市场部署的推动下,FWA继续增长,增加了37.8万个。”
KeyBanc资本市场:尼斯佩尔说,威瑞森发布财报后该股的抛售似乎 “不合理”。他补充说,即使不包括第二大用户,该公司的VCG后付费电话网络增幅也在同比改善。
该分析师表示:“此外,VZ的宽带增长继续接近业内最佳水平。”他进一步写道:“我们认为VZ有可能达到无线服务收入和调整后息税折旧摊销前利润指导的高水平,并认为该股具有吸引力。”
VZ价格走势:周二发布时,威瑞森通讯的股价下跌了0.28%,至38.98美元。
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