Zacks: Analysts Anticipate VEON Ltd. (NASDAQ:VEON) to Post $0.10 Earnings Per Share

Equities research analysts expect that VEON Ltd. (NASDAQ:VEON) will post $0.10 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for VEON’s earnings. The company is scheduled to announce its next earnings report on Thursday, February 17th.

On average, analysts expect that VEON will report full-year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.27 to $0.32. For the next financial year, analysts expect that the business will post earnings of $0.36 per share, with EPS estimates ranging from $0.33 to $0.41. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow VEON.

VEON (NASDAQ:VEON) last issued its quarterly earnings results on Thursday, October 28th. The Wireless communications provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). VEON had a return on equity of 30.19% and a net margin of 4.75%. The company had revenue of $2.01 billion for the quarter.

VEON has been the topic of several research analyst reports. Zacks Investment Research cut shares of VEON from a “hold” rating to a “sell” rating in a research report on Wednesday, December 22nd. TheStreet upgraded shares of VEON from a “d” rating to a “c” rating in a report on Tuesday, December 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.29.

Institutional investors have recently made changes to their positions in the stock. Morgan Stanley lifted its position in shares of VEON by 12.5% in the 3rd quarter. Morgan Stanley now owns 56,943,201 shares of the Wireless communications provider’s stock worth $118,442,000 after purchasing an additional 6,321,205 shares during the period. Two Sigma Advisers LP grew its stake in shares of VEON by 87.7% in the 3rd quarter. Two Sigma Advisers LP now owns 13,420,000 shares of the Wireless communications provider’s stock worth $27,914,000 after acquiring an additional 6,269,200 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of VEON by 589.5% in the 2nd quarter. Millennium Management LLC now owns 7,110,882 shares of the Wireless communications provider’s stock worth $13,013,000 after buying an additional 6,079,614 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of VEON by 79.0% in the 3rd quarter. Two Sigma Investments LP now owns 11,421,657 shares of the Wireless communications provider’s stock worth $23,757,000 after buying an additional 5,041,340 shares during the last quarter. Finally, TT International Asset Management LTD lifted its holdings in VEON by 8.6% during the third quarter. TT International Asset Management LTD now owns 44,909,895 shares of the Wireless communications provider’s stock valued at $93,413,000 after purchasing an additional 3,552,115 shares during the last quarter. 23.02% of the stock is currently owned by institutional investors.

NASDAQ VEON opened at $1.60 on Wednesday. The company has a debt-to-equity ratio of 6.75, a current ratio of 0.62 and a quick ratio of 0.60. The firm has a market capitalization of $2.80 billion, a PE ratio of 7.27, a P/E/G ratio of 0.30 and a beta of 1.25. VEON has a 12 month low of $1.56 and a 12 month high of $2.38. The company’s 50 day simple moving average is $1.76 and its 200 day simple moving average is $1.92.

About VEON

VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following segments: Cornerstone Market, Growth Engine, and Frontier Market. The Cornerstone segment includes operations in Russia. The Growth Engines segment comprises businesses in Pakistan, Ukraine, Kazakhstan, and Uzbekistan.

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