-$0.02 EPS Expected for 21Vianet Group, Inc. (NASDAQ:VNET) This Quarter

Analysts expect that 21Vianet Group, Inc. (NASDAQ:VNET) will report earnings of ($0.02) per share for the current quarter, Zacks reports. Zero analysts have made estimates for 21Vianet Group’s earnings. 21Vianet Group reported earnings per share of ($0.18) in the same quarter last year, which would indicate a positive year over year growth rate of 88.9%. The company is expected to report its next earnings report after the market closes on Thursday, May 13th.

According to Zacks, analysts expect that 21Vianet Group will report full year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($1.18) to ($0.19). For the next fiscal year, analysts forecast that the company will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.43) to $0.01. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover 21Vianet Group.

21Vianet Group (NASDAQ:VNET) last posted its quarterly earnings data on Tuesday, March 23rd. The information technology services provider reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.25). 21Vianet Group had a negative return on equity of 41.77% and a negative net margin of 47.40%. The company had revenue of $206.65 million for the quarter, compared to analyst estimates of $204.36 million.

VNET has been the subject of several recent analyst reports. Citigroup raised their price target on 21Vianet Group from $33.00 to $47.00 in a report on Wednesday, March 3rd. Zacks Investment Research cut 21Vianet Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 14th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.67.

21Vianet Group stock traded down $1.19 during mid-day trading on Wednesday, reaching $24.58. 42,531 shares of the company were exchanged, compared to its average volume of 2,191,499. 21Vianet Group has a twelve month low of $12.67 and a twelve month high of $44.45. The firm’s 50-day simple moving average is $29.16 and its two-hundred day simple moving average is $32.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $3.32 billion, a PE ratio of -9.07 and a beta of 0.44.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Segantii Capital Management Ltd purchased a new position in 21Vianet Group in the 4th quarter valued at approximately $38,094,000. Sequoia China Equity Partners Hong Kong Ltd purchased a new position in 21Vianet Group in the 4th quarter valued at approximately $10,407,000. Delta Investment Management LLC purchased a new position in 21Vianet Group during the fourth quarter worth $3,037,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in 21Vianet Group during the first quarter worth $1,160,000. Finally, Principal Financial Group Inc. increased its position in 21Vianet Group by 84.2% during the fourth quarter. Principal Financial Group Inc. now owns 2,285,054 shares of the information technology services provider’s stock worth $79,269,000 after buying an additional 1,044,754 shares in the last quarter. 56.83% of the stock is owned by hedge funds and other institutional investors.

About 21Vianet Group

21Vianet Group, Inc provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. The company operates in two segments, Hosting and Related Services, and Managed Network Services.

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