Telefônica Brasil (VIV) to Release Quarterly Earnings on Monday

Telefônica Brasil (NYSE:VIV) is scheduled to announce its earnings results after the market closes on Monday, July 29th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Telefônica Brasil (NYSE:VIV) last announced its earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.11 EPS for the quarter. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.73 billion. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. On average, analysts expect Telefônica Brasil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telefônica Brasil Price Performance

Shares of VIV opened at $8.62 on Friday. The business has a 50-day moving average of $8.55 and a 200-day moving average of $9.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.01 and a quick ratio of 0.97. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79. Telefônica Brasil has a 1 year low of $8.02 and a 1 year high of $11.43.

Telefônica Brasil Increases Dividend

The company also recently announced a — dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, January 1st will be given a dividend of $0.0617 per share. This represents a yield of 3.3%. The ex-dividend date is Monday, July 29th. This is an increase from Telefônica Brasil’s previous — dividend of $0.02. Telefônica Brasil’s dividend payout ratio is currently 44.45%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VIV. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Barclays cut their price target on shares of Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.35.

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.