Vonovia (VONOY) Projected to Release Earnings on Wednesday

Vonovia (OTCMKTS:VONOY) is expected to be posting its results before the market opens on Wednesday, August 5th. Analysts expect Vonovia to post earnings of $0.2313 per share and revenue of $1.0062 billion for the quarter.

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

Vonovia Stock Performance

OTCMKTS VONOY opened at $12.13 on Monday. The business’s fifty day moving average is $12.01 and its 200 day moving average is $13.32. Vonovia has a fifty-two week low of $11.26 and a fifty-two week high of $17.05. The company has a market capitalization of $20.58 billion, a PE ratio of 4.59 and a beta of 1.24.

Analysts Set New Price Targets

VONOY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Zacks Research downgraded shares of Vonovia from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently 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.