Brokerages forecast that 21Vianet Group Inc (NASDAQ:VNET) will post earnings of $0.01 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for 21Vianet Group’s earnings. 21Vianet Group reported earnings of ($0.12) per share during the same quarter last year, which suggests a positive year over year growth rate of 108.3%. The business is expected to report its next quarterly earnings report on Tuesday, December 4th.

According to Zacks, analysts expect that 21Vianet Group will report full year earnings of $0.04 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $0.14 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow 21Vianet Group.

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Saturday, August 18th. BidaskClub upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, ValuEngine upgraded shares of 21Vianet Group from a “hold” rating to a “buy” rating in a research note on Friday, June 1st.

VNET stock opened at $9.56 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.38 and a quick ratio of 2.38. 21Vianet Group has a 1-year low of $4.61 and a 1-year high of $11.54. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -39.83 and a beta of 1.92.

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of 21Vianet Group during the second quarter worth about $104,000. FNY Investment Advisers LLC bought a new position in shares of 21Vianet Group during the second quarter worth about $106,000. Virtu Financial LLC grew its position in shares of 21Vianet Group by 34.6% during the second quarter. Virtu Financial LLC now owns 20,857 shares of the information technology services provider’s stock worth $202,000 after acquiring an additional 5,357 shares during the last quarter. Royal Bank of Canada grew its position in shares of 21Vianet Group by 76.5% during the first quarter. Royal Bank of Canada now owns 26,533 shares of the information technology services provider’s stock worth $183,000 after acquiring an additional 11,501 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of 21Vianet Group by 1,127.6% during the second quarter. Tower Research Capital LLC TRC now owns 27,953 shares of the information technology services provider’s stock worth $271,000 after acquiring an additional 25,676 shares during the last quarter. Hedge funds and other institutional investors own 30.52% of the company’s stock.

About 21Vianet Group

21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.

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