Brokerages Anticipate Vonage Holdings Corp. (VG) to Post $0.06 EPS
Analysts expect that Vonage Holdings Corp. (NYSE:VG) will announce earnings of $0.06 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Vonage Holdings Corp.’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.05. Vonage Holdings Corp. posted earnings per share of $0.08 during the same quarter last year, which would indicate a negative year over year growth rate of 25%. The firm is scheduled to report its next earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that Vonage Holdings Corp. will report full-year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.34. For the next fiscal year, analysts expect that the business will post earnings of $0.28 per share, with EPS estimates ranging from $0.19 to $0.37. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Vonage Holdings Corp..
Vonage Holdings Corp. (NYSE:VG) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $243.30 million for the quarter, compared to analyst estimates of $242.40 million. Vonage Holdings Corp. had a return on equity of 13.56% and a net margin of 1.63%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS.
A number of analysts recently weighed in on VG shares. Zacks Investment Research upgraded shares of Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a report on Saturday, February 18th. William Blair restated an “outperform” rating on shares of Vonage Holdings Corp. in a report on Monday, March 6th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Vonage Holdings Corp. currently has a consensus rating of “Buy” and a consensus price target of $8.13.
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In other Vonage Holdings Corp. news, SVP Mcgonigal Graham sold 40,000 shares of Vonage Holdings Corp. stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $6.76, for a total transaction of $270,400.00. Following the completion of the sale, the senior vice president now owns 275,096 shares of the company’s stock, valued at approximately $1,859,648.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David T. Pearson sold 666,667 shares of Vonage Holdings Corp. stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $7.02, for a total transaction of $4,680,002.34. Following the sale, the chief financial officer now directly owns 948,241 shares of the company’s stock, valued at approximately $6,656,651.82. The disclosure for this sale can be found here. Insiders sold a total of 4,484,891 shares of company stock valued at $30,896,700 in the last ninety days. Company insiders own 14.59% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Vonage Holdings Corp. during the fourth quarter worth about $3,084,000. State Street Corp increased its position in Vonage Holdings Corp. by 9.4% in the fourth quarter. State Street Corp now owns 3,973,633 shares of the technology company’s stock worth $27,220,000 after buying an additional 341,265 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Vonage Holdings Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,895,997 shares of the technology company’s stock worth $47,238,000 after buying an additional 83,343 shares in the last quarter. Federated Investors Inc. PA increased its position in Vonage Holdings Corp. by 37,946.6% in the fourth quarter. Federated Investors Inc. PA now owns 1,331,252 shares of the technology company’s stock worth $9,119,000 after buying an additional 1,327,753 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Vonage Holdings Corp. by 103.4% in the fourth quarter. Marshall Wace LLP now owns 498,349 shares of the technology company’s stock worth $3,414,000 after buying an additional 253,298 shares in the last quarter. 78.09% of the stock is owned by institutional investors.
Shares of Vonage Holdings Corp. (NYSE:VG) opened at 6.96 on Thursday. Vonage Holdings Corp. has a 52 week low of $5.34 and a 52 week high of $7.88. The stock’s 50 day moving average price is $6.84 and its 200 day moving average price is $6.69. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 114.10 and a beta of 0.03.
Vonage Holdings Corp. Company Profile
Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The Company operates through two segments: Business and Consumer. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration, and mobile applications over its scalable session initiation protocol (SIP) based voice over Internet protocol (VoIP) network.
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