Is Verizon in financial trouble?

Verizon has a massive net debt load, which likely represents the company’s biggest weakness. At the end of December 2021, Verizon had $7.4 billion in short-term debt and $143.4 billion in long-term debt that was marginally offset by $2.9 billion in cash and cash equivalents on hand at the end of this period.

Did Verizon beat earnings?

Quarterly total operating revenues improved 2.1% year over year to $33,554 million. Strong wireless service revenues, record demand for fixed wireless broadband and strength in 5G mobility driven by solid 5G Ultra Wideband network expansion triggered the revenue growth.

How much money did Verizon make in 2021?

$133.613B
Verizon annual revenue for 2021 was $133.613B, a 4.15% increase from 2020. Verizon annual revenue for 2020 was $128.292B, a 2.71% decline from 2019. Verizon annual revenue for 2019 was $131.868B, a 0.77% increase from 2018.

Does Warren Buffett own Verizon stock?

Berkshire held a stake of nearly 159 million shares of Verizon at year-end 2021, worth $8.3 billion. The stake had a cost basis of $9.4 billion, or about $59 a share.

Is Verizon still a buy?

So, is it a buy? For all its problems, Verizon is still growing, with first-quarter revenue up 2% to $33.6 billion. It also paid out $2.6 billion in dividends. The $0.64 per share payout currently yields 5.3% annually, which is on par with what AT pays after shedding Warner Media.

Why is Verizon stock doing so poorly?

Amid stock market volatility, shares in Verizon Communications (VZ) are down nearly 5% in 2022. Verizon stock fell after the telecom giant reported first quarter earnings and lowered expectations for this year.

Is Verizon A Fortune 10 company?

Verizon Communications | 2022 Fortune 500 | Fortune.

What is Verizon’s profit margin?

The current operating profit margin for Verizon as of March 31, 2022 is 16.87%. Verizon Communications Inc. offers communication services in the form of local phone service, long distance, wireless and data services.

Is Verizon a stable company?

It provides stability amidst the uncertainty of omicron and inflation. Verizon began to reap the benefits of its new 5G network in 2021 as revenue and customers grew. The company expects to continue 2021’s wireless service revenue growth in 2022 and beyond as 5G adoption continues to expand.

Is Verizon stock overvalued?

Verizon’s P/E ratio is much lower than that of its archrival AT which trades at a 20x multiple; the telecom industry average is 25x as of the third quarter of 2020. That shows analysts feel it may underperform in the next year, however it could also signal the company is undervalued by quite a bit.

Will Verizon stock go up in 2022?

On Friday, management updated its targets for 2022: Verizon now expects revenue growth to be “approximately flat” year over year. Ellis also said adjusted Ebitda growth would come in “towards the lower end” of Verizon’s prior guidance range of 2% to 3% growth.