Brokers Issue Forecasts for Vodafone Group Plc’s FY2018 Earnings (VOD)

Vodafone Group Plc (NASDAQ:VOD) – Jefferies Group issued their FY2018 earnings per share estimates for shares of Vodafone Group in a report released on Wednesday. Jefferies Group analyst J. Dellis expects that the cell phone carrier will post earnings per share of $1.25 for the year. Jefferies Group also issued estimates for Vodafone Group’s FY2019 earnings at $1.28 EPS, FY2020 earnings at $1.55 EPS and FY2021 earnings at $1.74 EPS.

Several other equities analysts also recently commented on the company. BidaskClub downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research report on Thursday. Raymond James Financial raised Vodafone Group from a “market perform” rating to a “strong-buy” rating in a research report on Wednesday. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 8th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Finally, Zacks Investment Research raised Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vodafone Group has an average rating of “Buy” and an average target price of $32.14.

Shares of Vodafone Group (NASDAQ:VOD) traded up $0.26 during trading on Friday, reaching $31.58. The company’s stock had a trading volume of 6,603,500 shares, compared to its average volume of 3,670,725. The company has a market cap of $83,590.00, a P/E ratio of -83.11, a PEG ratio of 2.20 and a beta of 0.94. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Vodafone Group has a 12 month low of $24.31 and a 12 month high of $32.75.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in Vodafone Group by 4.7% during the 3rd quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock valued at $706,505,000 after buying an additional 1,121,862 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Vodafone Group by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,630,584 shares of the cell phone carrier’s stock valued at $217,166,000 after buying an additional 386,931 shares in the last quarter. Renaissance Technologies LLC increased its position in Vodafone Group by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 5,641,400 shares of the cell phone carrier’s stock valued at $162,077,000 after buying an additional 467,200 shares in the last quarter. Northern Trust Corp increased its position in Vodafone Group by 6.9% during the 2nd quarter. Northern Trust Corp now owns 3,181,273 shares of the cell phone carrier’s stock valued at $91,399,000 after buying an additional 205,667 shares in the last quarter. Finally, Hamlin Capital Management LLC increased its position in Vodafone Group by 0.3% during the 3rd quarter. Hamlin Capital Management LLC now owns 3,077,083 shares of the cell phone carrier’s stock valued at $87,574,000 after buying an additional 10,034 shares in the last quarter. Hedge funds and other institutional investors own 10.23% of the company’s stock.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, November 24th will be paid a dividend of $0.5642 per share. This represents a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Vodafone Group’s dividend payout ratio (DPR) is currently -302.63%.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/19/brokers-issue-forecasts-for-vodafone-group-plcs-fy2018-earnings-vod.html.

Vodafone Group Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply