Wall Street brokerages expect Vonage Holdings Corp. (NYSE:VG) to report earnings per share of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Vonage’s earnings, with estimates ranging from $0.07 to $0.12. Vonage reported earnings per share of $0.03 in the same quarter last year, which would indicate a positive year over year growth rate of 200%. The business is expected to issue its next quarterly earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Vonage will report full-year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.27 to $0.31. For the next financial year, analysts anticipate that the company will report earnings of $0.34 per share, with EPS estimates ranging from $0.24 to $0.41. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Vonage.

Vonage (NYSE:VG) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. The business had revenue of $253.10 million during the quarter, compared to the consensus estimate of $249.02 million. Vonage had a return on equity of 11.47% and a net margin of 2.14%. Vonage’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share.

A number of research firms have issued reports on VG. Zacks Investment Research reiterated a “hold” rating and issued a $11.00 target price on shares of Vonage in a research report on Saturday. Robert W. Baird reiterated a “buy” rating and issued a $11.00 target price on shares of Vonage in a research report on Wednesday, January 3rd. Oppenheimer lifted their target price on Vonage from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Northland Securities reiterated a “buy” rating and issued a $9.50 target price on shares of Vonage in a research report on Thursday, October 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.50 target price on shares of Vonage in a research report on Wednesday, September 27th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Vonage has an average rating of “Buy” and an average target price of $10.30.

In other news, Director Jeffrey A. Citron sold 138,303 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $8.15, for a total transaction of $1,127,169.45. Following the sale, the director now directly owns 12,676,047 shares in the company, valued at $103,309,783.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward M. Gilvar sold 17,778 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $9.76, for a total value of $173,513.28. Following the sale, the insider now owns 29,199 shares in the company, valued at $284,982.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,430,645 shares of company stock worth $23,012,934. Company insiders own 14.05% of the company’s stock.

Several large investors have recently added to or reduced their stakes in VG. Suntrust Banks Inc. boosted its holdings in Vonage by 2.6% in the second quarter. Suntrust Banks Inc. now owns 31,971 shares of the technology company’s stock valued at $209,000 after acquiring an additional 807 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Vonage by 5.1% in the second quarter. Oppenheimer & Co. Inc. now owns 32,101 shares of the technology company’s stock valued at $210,000 after acquiring an additional 1,571 shares during the last quarter. Amalgamated Bank boosted its holdings in Vonage by 11.7% in the second quarter. Amalgamated Bank now owns 26,757 shares of the technology company’s stock valued at $175,000 after acquiring an additional 2,805 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Vonage by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 153,445 shares of the technology company’s stock valued at $1,004,000 after acquiring an additional 6,103 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Vonage by 9.7% in the second quarter. D.A. Davidson & CO. now owns 75,685 shares of the technology company’s stock valued at $494,000 after acquiring an additional 6,710 shares during the last quarter. Institutional investors own 83.99% of the company’s stock.

Vonage (VG) traded up $0.35 during mid-day trading on Friday, reaching $10.96. The company had a trading volume of 2,540,000 shares, compared to its average volume of 1,470,942. Vonage has a fifty-two week low of $5.74 and a fifty-two week high of $11.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.63 and a current ratio of 0.64. The firm has a market capitalization of $2,506.23, a P/E ratio of 137.02, a PEG ratio of 6.45 and a beta of -0.05.

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Vonage 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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