Company Update (NYSE:VZ): Sprint (S) Stock Tumbled Ahead of ‘Cramming’ Refund Deadline

[at TheStreet] – Sprint (S) stock closed down in Wednesday’s trading session ahead of tomorrow’s deadline for Sprint and Verizon (VZ) customers to claim $158 in refunds from a mobile ‘cramming’ settlement. Read more on this. Verizon Communications Inc. (VZ) , valued at $190.30B, opened at $47.20. Today, shares have traded between $46.62 and $47.20 per share with its 52-week range being $38.06 to $50.86. Priced at 11.89x this year’s forecasted earnings, VZ shares are relatively inexpensive compared to the industry’s 23.57x forward p/e ratio. The company pays shareholders $2.26 per share in dividend income per year, for a current yield of 4.88%. According to a consensus of 24 analysts, the earnings estimate of $0.88 per share would be $0.17 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.97, which would be a $0.62 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $34.12 Billion. If realized, that would be a 2.80% increase over the year-ago quarter. In terms of ratings, Buckingham Research Initiated VZ at Neutral (Jul 2, 2015). Previously, JP Morgan downgraded VZ from Overweight to Neutral. The average price target for VZ shares is $50.12, which is 6.19% above where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Company Update (NYSE:VZ): Verizon Communications (VZ) Stock Lower on FCC Investigation Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon strike possible as contract deadline looms Company Update: Verizon Communications Inc (NYSE:VZ) – AT&T Stock Outperforms Verizon, but for How Long?