Vonovia (OTCMKTS:VONOY) Issues Earnings Results, Misses Estimates By $0.02 EPS

Key Points

• Vonovia reported quarterly EPS of $0.24, missing the consensus estimate of $0.26 by $0.02.
• The shares rose 5.1% on Wednesday to $9.48, despite trading below their 50-day and 200-day moving averages.
• Analyst sentiment is mixed but averages to a Hold: two analysts rate the stock Buy, three Hold, and one Sell.

Vonovia (OTCMKTS:VONOY - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.02), Zacks reports. Vonovia had a return on equity of 15.40% and a net margin of 61.85%.

Vonovia Stock Up 5.1%

OTCMKTS VONOY traded up $0.46 on Wednesday, reaching $9.48. 178,486 shares of the stock traded hands, compared to its average volume of 329,277. The firm's fifty day simple moving average is $9.89 and its 200 day simple moving average is $12.34. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 3.28 and a beta of 1.25. Vonovia has a 12 month low of $8.60 and a 12 month high of $17.05.

Analysts Set New Price Targets

Several analysts have weighed in on VONOY shares. Oddo Bhf downgraded Vonovia to a "neutral" rating in a research note on Thursday, October 29th. The Goldman Sachs Group cut Vonovia from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. Zacks Research raised Vonovia from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. Jefferies Financial Group restated a "buy" rating on shares of Vonovia in a research note on Wednesday, October 14th. Finally, Morgan Stanley downgraded shares of Vonovia to an "underweight" rating in a report on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold".

About Vonovia

Vonovia SE is a European residential real estate company headquartered in Bochum, Germany. The company owns, manages and develops residential properties, with a portfolio focused primarily on apartments and homes for individuals and families.

Its activities include property management, tenant services, building maintenance, modernization and the development of new residential projects. Vonovia also provides related services such as energy solutions, technical building operations and other services intended to support the management and improvement of its properties.

Vonovia serves tenants primarily in Germany, Austria and Sweden.

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