VEON (NASDAQ:VEON) Releases Earnings Results, Misses Expectations By $0.07 EPS

VEON (NASDAQ:VEON) released its quarterly earnings data on Monday. The Wireless communications provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.07), Zacks reports. VEON had a return on equity of 72.76% and a net margin of 23.75%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. VEON updated its FY 2025 guidance to EPS.

VEON Price Performance

VEON stock opened at $48.12 on Wednesday. The company’s 50 day simple moving average is $51.49 and its 200-day simple moving average is $50.87. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.87 and a current ratio of 0.87. VEON has a 1 year low of $30.20 and a 1 year high of $64.00. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 3.53 and a beta of 1.58.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VEON. Weiss Ratings reissued a “hold (c+)” rating on shares of VEON in a research note on Wednesday, October 8th. Zacks Research cut VEON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Finally, Wall Street Zen lowered VEON from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, VEON presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Institutional Trading of VEON

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in VEON by 36.8% during the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after purchasing an additional 388 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of VEON in the 2nd quarter valued at $243,000. Caxton Associates LLP purchased a new stake in shares of VEON in the 2nd quarter valued at $283,000. Tidal Investments LLC lifted its stake in VEON by 4.8% during the 2nd quarter. Tidal Investments LLC now owns 7,288 shares of the Wireless communications provider’s stock worth $336,000 after acquiring an additional 336 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in VEON during the 1st quarter valued at about $400,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.