Vonovia (OTCMKTS:VONOY) Announces Quarterly Earnings Results

Vonovia (OTCMKTS:VONOY) posted its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02), Zacks reports. Vonovia had a return on equity of 6.90% and a net margin of 34.35%. The company had revenue of $988.69 million for the quarter, compared to analyst estimates of $988.69 million.

Vonovia Price Performance

VONOY traded down $0.23 during midday trading on Friday, hitting $9.28. 2,021 shares of the company’s stock traded hands, compared to its average volume of 331,305. The company has a market cap of $15.75 billion, a PE ratio of 3.21 and a beta of 1.25. The stock’s fifty day simple moving average is $9.81 and its 200-day simple moving average is $12.28. Vonovia has a one year low of $8.60 and a one year high of $17.05.

Wall Street Analyst Weigh In

VONOY has been the topic of several analyst reports. Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. The Goldman Sachs Group lowered shares of Vonovia from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Morgan Stanley downgraded shares of Vonovia to an “underweight” rating in a research report on Tuesday, October 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vonovia in a research note on Wednesday, October 14th. Finally, Oddo Bhf lowered shares of Vonovia to a “neutral” rating in a research note on Thursday, October 29th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vonovia currently has a consensus rating of “Hold”.

About Vonovia

Vonovia SE is a European residential real estate company headquartered in Bochum, Germany. The company owns, manages and develops residential properties, with a portfolio focused primarily on apartments and homes for individuals and families.

Its activities include property management, tenant services, building maintenance, modernization and the development of new residential projects. Vonovia also provides related services such as energy solutions, technical building operations and other services intended to support the management and improvement of its properties.

Vonovia serves tenants primarily in Germany, Austria and Sweden.