Vonovia (VONOY) to Release Earnings on Wednesday

Vonovia (OTCMKTS:VONOY) is projected to announce its resultson 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 released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business 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 Price Performance

Shares of VONOY opened at $12.18 on Wednesday. Vonovia has a 12 month low of $11.26 and a 12 month high of $17.05. The stock has a fifty day moving average price of $12.05 and a 200 day moving average price of $13.37. The company has a market cap of $20.67 billion, a P/E ratio of 4.61 and a beta of 1.24.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VONOY. Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a 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 equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Vonovia currently has an average 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.