Telefonica Brasil (NYSE:VIV) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Telefonica Brasil (NYSE:VIV) issued its earnings results on Monday. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04), FiscalAI reports. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.77%.

Telefonica Brasil Stock Down 6.8%

Shares of NYSE:VIV opened at $13.15 on Wednesday. The company has a market cap of $21.40 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.74 and a beta of 0.56. The firm’s 50-day simple moving average is $13.40 and its 200-day simple moving average is $14.58. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. Telefonica Brasil has a fifty-two week low of $10.82 and a fifty-two week high of $17.25.

Telefonica Brasil Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd were paid a $0.4562 dividend. The ex-dividend date was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is 37.84%.

Institutional Investors Weigh In On Telefonica Brasil

A number of hedge funds have recently added to or reduced their stakes in VIV. Ieq Capital LLC increased its position in Telefonica Brasil by 3.4% during the 4th quarter. Ieq Capital LLC now owns 22,285 shares of the Wireless communications provider’s stock worth $264,000 after purchasing an additional 727 shares during the period. Vise Technologies Inc. lifted its holdings in Telefonica Brasil by 7.8% in the fourth quarter. Vise Technologies Inc. now owns 12,819 shares of the Wireless communications provider’s stock valued at $152,000 after acquiring an additional 932 shares during the period. Sei Investments Co. boosted its position in shares of Telefonica Brasil by 6.2% during the 3rd quarter. Sei Investments Co. now owns 17,494 shares of the Wireless communications provider’s stock worth $223,000 after purchasing an additional 1,019 shares in the last quarter. Arax Advisory Partners boosted its position in shares of Telefonica Brasil by 54.4% during the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Telefonica Brasil by 2.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 59,933 shares of the Wireless communications provider’s stock worth $711,000 after purchasing an additional 1,460 shares during the period. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VIV. Barclays set a $15.50 price objective on Telefonica Brasil and gave the company an “equal weight” rating in a report on Thursday, July 16th. Scotiabank dropped their price objective on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings cut shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 7th. Wall Street Zen downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, New Street Research raised Telefonica Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $14.16.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.