Telefonica Brasil SA (VIV) Expected to Post Earnings of $0.18 Per Share

Analysts predict that Telefonica Brasil SA (NYSE:VIV) will report earnings of $0.18 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Telefonica Brasil SA’s earnings. Telefonica Brasil SA reported earnings of $0.19 per share during the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, May 10th.

On average, analysts expect that Telefonica Brasil SA will report full year earnings of $0.91 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $1.13 per share. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Telefonica Brasil SA.

A number of brokerages recently commented on VIV. Zacks Investment Research raised Telefonica Brasil SA from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 31st. TheStreet raised Telefonica Brasil SA from a “c” rating to a “b-” rating in a report on Wednesday, March 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.25.

Shares of Telefonica Brasil SA (NYSE:VIV) traded up 0.61% during mid-day trading on Monday, reaching $14.95. The company had a trading volume of 1,350,530 shares. The company has a 50 day moving average price of $14.70 and a 200 day moving average price of $14.09. The company has a market capitalization of $25.25 billion, a price-to-earnings ratio of 19.44 and a beta of 1.50. Telefonica Brasil SA has a one year low of $11.28 and a one year high of $15.69.

The business also recently announced a dividend, which will be paid on Monday, May 1st. Investors of record on Monday, May 1st will be issued a $0.353 dividend. This is a boost from Telefonica Brasil SA’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 27th. Telefonica Brasil SA’s dividend payout ratio (DPR) is currently 81.54%.

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A number of institutional investors have recently made changes to their positions in the company. FNY Partners Fund LP bought a new position in shares of Telefonica Brasil SA during the fourth quarter worth approximately $134,000. Frontier Wealth Management LLC bought a new position in shares of Telefonica Brasil SA during the fourth quarter worth approximately $155,000. Princeton Alpha Management LP bought a new position in shares of Telefonica Brasil SA during the third quarter worth approximately $196,000. First Allied Advisory Services Inc. bought a new position in shares of Telefonica Brasil SA during the fourth quarter worth approximately $245,000. Finally, Bayesian Capital Management LP bought a new position in shares of Telefonica Brasil SA during the fourth quarter worth approximately $286,000. 10.19% of the stock is currently owned by institutional investors.

Telefonica Brasil SA Company Profile

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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