Vonovia (VONOY) to Post Earnings on Wednesday

Vonovia (OTCMKTS:VONOY) is expected to release its resultson Wednesday, August 5th. Analysts expect the company to post earnings of $0.2313 per share and revenue of $1.0062 billion for the quarter.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. On average, analysts expect Vonovia to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vonovia Stock Up 1.1%

VONOY stock opened at $12.18 on Wednesday. The company has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $13.37. The company has a market capitalization of $20.67 billion, a P/E ratio of 4.61 and a beta of 1.24. Vonovia has a fifty-two week low of $11.26 and a fifty-two week high of $17.05.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Zacks Research cut shares of Vonovia from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.