Telefônica Brasil (NYSE:VIV) Posts Earnings Results, Beats Estimates By $0.03 EPS

Telefônica Brasil (NYSE:VIV) released its quarterly earnings data on Tuesday. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03, Zacks reports. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. During the same quarter in the prior year, the company posted $0.18 earnings per share.

Telefônica Brasil Trading Up 1.0 %

VIV stock traded up $0.09 during midday trading on Thursday, reaching $9.38. 571,686 shares of the company traded hands, compared to its average volume of 814,824. Telefônica Brasil has a 52-week low of $8.02 and a 52-week high of $11.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. The business has a 50 day moving average of $9.66 and a 200-day moving average of $9.14. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.91 and a beta of 0.81.

Telefônica Brasil Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.0379 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a yield of 3.2%. Telefônica Brasil’s dividend payout ratio (DPR) is presently 42.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VIV shares. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Scotiabank increased their price target on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Morgan Stanley raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Finally, Barclays increased their price target on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and an average target price of $10.97.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.