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RBC Capital Raises its Price Target on Verizon Communications Inc. (VZ) to $48
Yahoo Finance· 2026-02-09 13:35
Core Viewpoint - Verizon Communications Inc. is recognized as one of the 10 Most Profitable Undervalued Stocks to Buy, with multiple financial institutions raising their price targets following a strong earnings report and a positive outlook for the company's turnaround strategy [1][2]. Financial Performance - Verizon reported fourth-quarter revenue of $36.4 billion, slightly exceeding the consensus estimate of $36.2 billion [3]. - The company achieved postpaid phone net additions of 616,000, an increase from 504,000 in the previous year, marking the strongest quarter for this metric since 2019 [3]. Analyst Ratings and Price Targets - RBC Capital raised its price target on Verizon to $48 from $44 while maintaining a Sector Perform rating, emphasizing the company's turnaround plan focused on reducing operating and capital expenditures to improve free cash flow [1]. - JPMorgan increased its target to $49 from $47, citing stronger-than-expected postpaid phone additions and a favorable financial outlook for 2026 [2]. - Citi raised its target to $50 from $48, noting signs of a more aggressive restructuring effort that could enhance margin improvement and earnings stability [2]. Shareholder Returns - Verizon is committed to returning $25 billion to shareholders through share repurchases, a strategy welcomed by analysts as a positive move for investor confidence [2][3]. Company Overview - Verizon Communications Inc. provides a range of communications, technology, information, and entertainment services to consumers, businesses, and government customers globally, operating through two main segments: Verizon Consumer Group and Verizon Business Group [4].
What to Expect From TKO Group's Next Quarterly Earnings Report
Yahoo Finance· 2025-10-22 08:45
Core Insights - TKO Group Holdings, Inc. is a sports and entertainment company with a market cap of $37 billion, generating revenue from media rights, live events, sponsorships, and merchandise [1] - The company is expected to announce its fiscal Q3 earnings for 2025 on November 5, with analysts predicting a profit of $0.53 per share, consistent with the previous year [2] Financial Performance - For fiscal 2025, TKO is projected to report a profit of $2.99 per share, a 54.1% increase from $1.94 per share in fiscal 2024, with an even more significant growth of 89% year-over-year to $5.65 in fiscal 2026 [3] - TKO's Q2 results showed a net income per share of $1.17, a 62.5% increase from the previous year, although it missed analyst estimates by 4.9%. Revenue improved by 9.7% year-over-year to $1.3 billion, exceeding consensus estimates by 9.2% [5] Stock Performance and Analyst Ratings - TKO's stock has increased by 44.5% over the past 52 weeks, outperforming the S&P 500 Index's 15.1% and the Communication Services Select Sector SPDR Fund's 28.4% [4] - Analysts maintain a "Strong Buy" rating for TKO, with 18 out of 23 analysts recommending "Strong Buy" and a mean price target of $218.15, indicating a 17.2% potential upside [6]