Vonovia (OTCMKTS:VONOY) Announces Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Vonovia (OTCMKTS:VONOYGet Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24, Zacks reports. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.01 billion.

Vonovia Stock Performance

VONOY traded up $0.29 during trading on Friday, hitting $12.19. The stock had a trading volume of 34,072 shares, compared to its average volume of 255,732. The firm has a market capitalization of $20.68 billion, a P/E ratio of 4.62 and a beta of 1.23. Vonovia has a twelve month low of $11.26 and a twelve month high of $17.05. The company’s 50-day moving average price is $11.99 and its 200 day moving average price is $13.25.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on Vonovia

Vonovia Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Vonovia (OTCMKTS:VONOY)

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