VEON FY2027 EPS Decreased by Litchfield Hills Research

Key Points

• Litchfield Hills Research lowered VEON’s FY2027 EPS estimate to $8.88 from $8.95, though it remains above the broader consensus estimate of $7.28.
• VEON exceeded quarterly expectations, reporting EPS of $1.69 versus the $1.46 consensus and revenue of $1.27 billion versus $1.23 billion expected.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus rating and a $72 average price target; VEON shares recently opened at $56.43.

VEON Ltd. (NASDAQ:VEON - Free Report) - Equities research analysts at Litchfield Hills Research cut their FY2027 earnings estimates for VEON in a report released on Thursday, August 20th. Litchfield Hills Research analyst T. O'neill now expects that the Wireless communications provider will post earnings per share of $8.88 for the year, down from their previous forecast of $8.95. The consensus estimate for VEON's current full-year earnings is $7.28 per share.

VEON (NASDAQ:VEON - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.23. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. VEON had a return on equity of 14.93% and a net margin of 1.24%.During the same period last year, the business posted $8.30 EPS.

Other research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of VEON from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Zacks Research upgraded VEON from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of VEON in a research note on Thursday, August 13th. Northland Securities assumed coverage on VEON in a research report on Tuesday, June 9th. They issued an "outperform" rating and a $70.00 target price on the stock. Finally, Benchmark reaffirmed a "buy" rating on shares of VEON in a report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

VEON Price Performance

VEON opened at $56.43 on Friday. The firm has a market capitalization of $4.17 billion, a PE ratio of 66.39 and a beta of 1.65. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.97 and a quick ratio of 0.96. The business's 50-day moving average is $53.25 and its two-hundred day moving average is $52.57. VEON has a 1 year low of $42.60 and a 1 year high of $63.29.

Hedge Funds Weigh In On VEON

Hedge funds have recently modified their holdings of the business. Truist Financial Corp boosted its position in shares of VEON by 5.1% during the fourth quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider's stock worth $211,000 after buying an additional 195 shares during the period. Tidal Investments LLC lifted its stake in VEON by 4.8% during the 2nd quarter. Tidal Investments LLC now owns 7,288 shares of the Wireless communications provider's stock worth $336,000 after acquiring an additional 336 shares in the last quarter. Severin Investments LLC boosted its holdings in VEON by 4.2% during the 4th quarter. Severin Investments LLC now owns 8,857 shares of the Wireless communications provider's stock valued at $466,000 after acquiring an additional 353 shares during the period. Osaic Holdings Inc. grew its position in VEON by 36.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider's stock valued at $66,000 after acquiring an additional 388 shares in the last quarter. Finally, RWC Asset Management LLP increased its stake in VEON by 1.1% during the fourth quarter. RWC Asset Management LLP now owns 38,040 shares of the Wireless communications provider's stock worth $2,000,000 after purchasing an additional 422 shares during the period. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other VEON news, Director Augie K. Fabela II bought 15,000 shares of the business's stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $56.00 per share, with a total value of $840,000.00. Following the completion of the purchase, the director directly owned 91,000 shares in the company, valued at $5,096,000. The trade was a 19.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

About VEON

VEON Ltd NASDAQ: VEON is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.

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