Equities research analysts expect Vonage Holdings Corp. (NYSE:VG) to announce sales of $254.42 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Vonage’s earnings. The highest sales estimate is $257.70 million and the lowest is $253.04 million. Vonage posted sales of $246.76 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The firm is scheduled to announce its next earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Vonage will report full year sales of $254.42 million for the current fiscal year, with estimates ranging from $1.00 billion to $1.01 billion. For the next financial year, analysts forecast that the firm will post sales of $1.03 billion per share, with estimates ranging from $1.02 billion to $1.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vonage.

Vonage (NYSE:VG) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The business had revenue of $253.10 million during the quarter, compared to analysts’ expectations of $249.02 million. Vonage had a net margin of 2.14% and a return on equity of 11.47%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS.

Several equities research analysts have recently issued reports on VG shares. Zacks Investment Research raised shares of Vonage from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Saturday, November 11th. Citigroup reaffirmed a “buy” rating and set a $11.00 price objective on shares of Vonage in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Northland Securities reaffirmed a “buy” rating and set a $9.50 price objective on shares of Vonage in a research report on Tuesday, September 5th. Craig Hallum reaffirmed a “buy” rating and set a $11.00 price objective (up from $10.00) on shares of Vonage in a research report on Tuesday, November 7th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $9.00 price objective on shares of Vonage in a research report on Friday, October 20th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Vonage has a consensus rating of “Buy” and a consensus target price of $9.94.

In other Vonage news, insider Edward M. Gilvar sold 17,778 shares of Vonage stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $9.76, for a total value of $173,513.28. Following the transaction, the insider now directly owns 29,199 shares in the company, valued at $284,982.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Citron sold 414,913 shares of Vonage stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $8.12, for a total transaction of $3,369,093.56. Following the completion of the transaction, the director now owns 12,676,047 shares in the company, valued at $102,929,501.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,539,123 shares of company stock valued at $12,962,492. 14.05% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of VG. World Asset Management Inc acquired a new position in Vonage in the third quarter valued at $112,000. Bayesian Capital Management LP acquired a new position in shares of Vonage during the second quarter worth about $118,000. Aperio Group LLC increased its stake in shares of Vonage by 2.2% during the second quarter. Aperio Group LLC now owns 20,387 shares of the technology company’s stock worth $133,000 after acquiring an additional 433 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Vonage during the third quarter worth about $148,000. Finally, SG Americas Securities LLC increased its stake in shares of Vonage by 108.4% during the second quarter. SG Americas Securities LLC now owns 24,416 shares of the technology company’s stock worth $160,000 after acquiring an additional 12,701 shares during the period. Institutional investors own 84.01% of the company’s stock.

Shares of Vonage (NYSE:VG) opened at $9.93 on Wednesday. The stock has a market cap of $2,266.13, a price-to-earnings ratio of 45.04, a PEG ratio of 7.03 and a beta of -0.04. Vonage has a 1 year low of $5.74 and a 1 year high of $10.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.63 and a current ratio of 0.64.

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About Vonage

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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Earnings History and Estimates for Vonage (NYSE:VG)

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