VEON (NASDAQ:VEON) Announces Quarterly Earnings Results

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 analysts’ consensus estimates of $1.18 by ($0.04), Zacks reports. VEON had a net margin of 23.75% and a return on equity of 72.76%. VEON updated its FY 2025 guidance to EPS.

VEON Price Performance

Shares of VEON stock opened at $43.56 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 3.19 and a beta of 1.58. VEON has a twelve month low of $30.20 and a twelve month high of $64.00. The company has a 50-day simple moving average of $51.81 and a two-hundred day simple moving average of $50.79.

Institutional Investors Weigh In On VEON

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new stake in shares of VEON in the first quarter valued at approximately $400,000. Jones Financial Companies Lllp raised its holdings in VEON by 84,690.0% in the 1st quarter. Jones Financial Companies Lllp now owns 16,958 shares of the Wireless communications provider’s stock valued at $740,000 after acquiring an additional 16,938 shares in the last quarter. Jane Street Group LLC lifted its position in shares of VEON by 177.9% during the 1st quarter. Jane Street Group LLC now owns 16,374 shares of the Wireless communications provider’s stock valued at $714,000 after acquiring an additional 10,483 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of VEON by 267.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 55,827 shares of the Wireless communications provider’s stock worth $2,572,000 after purchasing an additional 40,614 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of VEON by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 53,571 shares of the Wireless communications provider’s stock worth $2,468,000 after purchasing an additional 538 shares in the last quarter. 21.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded VEON from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research lowered shares of VEON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of VEON in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, VEON presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

About VEON

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.